Policy
View common questions and answers about the Equipment Line policy.
Are there restrictions on what can be funded?
Generally, any business purchase can be funded, except stock. As an example, consumables cannot be funded. This means coffee machines can be funded, but not the coffee beans.
If the purchase is to acquire, upgrade or extend the life of a business asset or commercial equipment, it can normally be funded. Talk to us to learn more about restrictions or to discuss any specific customer scenarios.
Can soft costs be funded?
Yes. Soft costs are all the non-asset costs associated with buying, installing or setting up the asset, and Equipment Line can fund them with no cap.
If you are importing an asset, examples of soft costs include:
- Freight / shipping
- Insurance
- GST
- Customs duties
- Freight forwarder costs
If you are funding a fitout, examples of soft costs include:
- Joinery and cabinetry
- Fixtures and surfaces
- Air conditioning
- Structural works (frames, walls, alterations)
What is the minimum invoice amount?
A $2K invoice minimum applies. Individual items can cost less than $2K, but the total invoice must come to $2K.