Asset Finance

Table of Contents

Finance the purchase of assets

Up to 7 year term on all assets

No age restriction for any asset

Manageable ATO debt considered

Pricing and fees

        
                Annual Turnover
                
              < $1.5m $1.5m - $10m
                
                > $10m
            
                Property Owner
                10.45%
                8.95%
                8.95%
            
                Non-Property Owner
                12.70%
                10.10%
                9.40%

Annual Turnover	< $1.5m	$1.5m - $10m	> $10m
Property Owner	10.45%	8.95%	8.95%
Non-Property Owner	12.70%	10.10%	9.40%

Policy overview

        
                Annual Turnover
                
              $250k - $1.5m $1.5m - $10m
                
                > $10m
            
                Term
                24 - 60 months
                24 - 84 months
                24 - 84 months
            
                Balloons
                Considered up to 30%
(Primary assets only)
                30%

(Primary assets only
up to 60 month terms)
                30%

(Primary assets only
up to 60 month terms)
            
                Credit Approval Amounts
                Up to $500k
                Up to $2m
                Up to $2m
            
                Maximum Single Asset

(Property Owner)
                $500k
                $1m
                $1m
            
                Maximum Single Asset

(Non-Property owner)
                $200k Primary
$100k Secondary
            
                Credit History
                Clean credit history
No dishonoured payments
            
                Time in business
                2+ years
            
                Director Equifax score
                550
            
                Repayment frequency
                Monthly in advance

Annual Turnover	$250k - $1.5m	$1.5m - $10m	> $10m
Term	24 - 60 months	24 - 84 months	24 - 84 months
Balloons	Considered up to 30% (Primary assets only)	30% (Primary assets only up to 60 month terms)	30% (Primary assets only up to 60 month terms)
Credit Approval Amounts	Up to $500k	Up to $2m	Up to $2m
Maximum Single Asset (Property Owner)	$500k	$1m	$1m
Maximum Single Asset (Non-Property owner)	$200k Primary $100k Secondary
Credit History	Clean credit history No dishonoured payments
Time in business	2+ years
Director Equifax score	550
Repayment frequency	Monthly in advance

        
                Feature
                Rate Add-On
            
                Term > 5 Years
                +0.50%
            
                Asset > 5 Years
                +1.00%
            
                Private sale and buyback
            
                Balloon Refinance
            
                Asset > 10 Years
                +1.50%
            
                Secondary Asset
            
                Capital raise
            
                Establishment fee (added to loan amount)
                $499

Feature	Rate Add-On
Term > 5 Years	+0.50%
Asset > 5 Years	+1.00%
Private sale and buyback
Balloon Refinance
Asset > 10 Years	+1.50%
Secondary Asset
Capital raise
Establishment fee (added to loan amount)	$499

Commissions

   
		  Loan amount
		  Maximum commission (incl GST)
		  
        Commission (incl GST)
        $0 to $100,000
         6.6%
         
        $100,000 to $250,000 
        5.5% 
        
        $250,000+
        4.4%
        
        Add 0.5% to base rate for every 1% over 4%

	Loan amount	Maximum commission (incl GST)
Commission (incl GST)	$0 to $100,000	6.6%
$100,000 to $250,000	5.5%
$250,000+	4.4%
Add 0.5% to base rate for every 1% over 4%

Documentation

Applications with exposure up to $500,000	Completed application on Shift Connect
	6-months bank statements (all business-related accounts)
	Copy of trust deed (if applicable)
Additional documentation for applications with exposure over $500,000	Up-to-date financial statements (including ages AP & AR)
	Copy of ATO portal

Typical loan uses

Primary

Cars/Light Commercial
Trucks/Prime movers
Trailers
Excavators

Bobcats
Material handling
Access equipment

Secondary

Manufacturing and workshop equipment
Medical office equipment
Commercial cleaning

Restricted sectors: Property Development, Mining Exploration/Services and Primary Agriculture (Farms). Contact broker support to discuss options for clients in these sectors. Additional documents may be requested at the discretion of the credit officer.

Level 21, 177 Pacific Hwy
North Sydney, NSW 2060

1300 249 649 (Option 1)partners@shift.com.au

Privacy Policy. Terms and conditions. Please consider the information before you decide whether the product is appropriate for your business. Standard credit assessment, fees, terms and conditions apply. The products and service offered are available in Australia from Shift Financial Pty Ltd. ABN 24 149 390 625, (“Shift”).