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Transport Finance - Backing you going forward
Growing Aussie Business for over 20 years.
We're your green light for finance.
Transport Finance - Backing you going forward
Your pride & joy ... or an entire fleet.
Transport Finance have over 30 years experience with factory equipment financing.
It's all about the company you keep. Let us introduce you to 21 lenders.

Talk Around Town

This year has started off with a few issues, namely the fires and now the current threat, the Coronavirus, but there is enough written about those without having to re-cap.

I want to say how proud I am, how proud the whole team at Transport Finance is to be working not only within the Transport sector, but with Civil, Construction and not to mention our Pharmacy clients. I big thank you and congratulations on continued service to all.

The work ethic that we have encountered over the past 6-8 weeks in a time of difficulty for the country, amid State based restrictions, State borders closing, Social distancing and home lockdowns – the spirit our customers that has simply rolled up its collective sleeves and marches on has been fantastic.

We have continued to work from the office/s that we all work from – quiet frankly we have experienced the busiest three months just gone than we have for nearly 2 years.

There is a range of offers from both State & Federal Governments on offer to assist all businesses – I have highlighted some of these available in this newsletter. They are a moving target with new offers of assistance announced almost every 48 hours – these listed here are a guide but will NOT be all that is available – please go online and research these for yourself or contact your accountant for advice.

Also, the Banks are offering deferment options on a range of loans, home loans, equipment loans and business loans ranging from 3 or 6 months at this stage.

Our Commitment To You

The Banking Royal Commission some 9-10 months ago now highlighted a lot of faults within the Banking system and has caused a tightening of credit availability to the small and medium sized businesses across the country.

The current Covid-19 pandemic has caused a second round of tightening with the Banks/Finance Companies credit departments. You now need to have all financial reports up to date and provide answers on how your business is dealing with the impact of Covid-19.

Some lenders have also withdrawn their automatic or ‘Tick & Flick’ approval offerings – meaning that each new application must now be a full credit submission. This is a good thing for Transport Finance as we have the systems and knowledge to facilitate these and believe that we are perfectly placed with 25 years’ experience to present a full credit submission to our lending panel, complete and ready for them to make a decision on.

At Transport Finance – we will need to ‘spread’ your lending requirements across a much broader range of Banks/Finance Companies than ever before. In the past, the Big 4 Banks plus a few would receive 60% of the loans settled. We are now seeing our business spread much further with the Big 4 + a few down to around 30%. This doesn’t mean that we are not getting business settled, on the contrary, we are getting just about every deal that hits our desks approved but using a greater range of lenders to achieve this outcome.

With ‘working from home’ in full swing at the Banks and their off-shore processing centre’s in the Philippines, Malaysia and so on all but closed – there is a delay in the processing of applications and settlements are taking upwards of 4 days. We will be advising you at every stage along the journey as well as the dealership or seller of the goods.

Let me assure each one of our clients that our commitment to providing you with the very best customer service experience has not waned. It is our intention to communicate, discuss and advise you at every step of the process so that you, the client, feel fully informed of exactly where your application is, what the expected timeframe will be and what we are doing to progress the loan towards a successful outcome. 

7 QUICK FACTS TO ASSIST IN UNDERSTANDING WHAT IS NOW AVAILABLE UNTIL JUNE 30TH, 2020 VIA THE AUSTRALIAN GOVERNMENT’S ECONOMIC STIMULUS PACKAGE*.

BOTH of the 2 initiatives shown below are available to ALL businesses with an annual turnover of less than $500 mil. $150,000 INSTANT ASSET WRITE OFF. Any eligible asset (vehicles, machinery etc) with a purchase price of $150,000 or less(excluding GST) acquired from March 12th to June 30th 2020. Asset can be NEW or USED[Read more …]

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JOBKEEPER Package

The $130 billion funding marks a third tranche of stimulus designed to limit the fallout of the coronavirus pandemic on the country’s economy. Under the $130 billion plan, which was announced on Monday, businesses will be given the fortnightly wage subsidy to help pay their employee’s wages for at least six months while the business[Read more …]

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Government COVID-19 Stimulus Plan: Tax-related Measures

Note: current as of 25 March 2020 Federal Government  Stimulus Measures Effective Date Support for businesses Instant asset write off Instant asset write-off threshold for depreciating assets under $150,000 for businesses with aggregated annual turnover of less than $500m The depreciable assets applies to both new and second hand assets first used or installed ready for[Read more …]

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TALK AROUND TOWN

Tis the season for Elections it appears, between Victoria late last year, NSW and now heading in to a Federal Election in May. The odd thing this time around it at appears in each one, the result is a forgone conclusion. Despite which side of politics you may reside, the end result will either be[Read more …]

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