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Debtor Finance – MHF

DEBTOR FINANCE

Debtor finance or cash flow finance is a facility that enables a business owner or company to obtain up to 80% of their outstanding debtor amounts almost immediately, without having to wait for those debtors to pay as they normally would.

A debtor finance facility provides a great range of benefits to a company and can assist in growth, stock purchases, operating expenses or other commercial opportunities.

At Materials Handling Finance Pty Ltd (MHF), we provide fast and easy debtor finance. Here are the benefits you can get with debtor finance at MHF:

1. A growing business

Cash flow is often a stumbling block for a growing business. Increases in demand for stock can result in larger order quantities, which in turn comes at a higher up front cost. The need to accommodate more staff or warehouse space may arrive before the proceeds of sale are received, placing stress upon your existing cash flow. The possibility of taking on more contracts may depend on a businesses ability to immediately fund additional equipment needs. Each of these scenarios can cause significant growing pains to an expanding business.

One of the real benefits of debtor finance is in providing the equity to fund growth, without the need of real estate to secure the finance.

The concept behind cash flow finance is quite simple. Receive 80% of the invoice amounts owed by your existing debtors almost immediately and only pay interest until the amounts are received from the debtor. Using a debtor finance facility can give you greater flexibility to grow, make confident commercial decisions and take your company to the next level.

2. Insurance

Upon setup of the debtor finance facility, your debtors are profiled to ensure they continue to meet their obligations. To minimise the risk of a bad debtor when a business has already received the amount via debtor finance, a flexible insurance facility is available to give you additional peace of mind. Insurance policies can cover up to 90% of the debtor amount.

Find Out More

If you have a strong balance sheet and would like to find out more about debtor finance, please call us on 1300 884 145 or log on to www.mhf.com.au and lodge a quote request for us to get back to you.

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Commercial Pre-approval

Equipment finance applications are usually driven by the immediate need to obtain additional plant and equipment or machinery. While response times can be fast depending on the lenders workload, they are rarely immediate.

Traditionally, the pre-approval process has been associated with residential homebuyers. Pre-approvals can provide a level of comfort and confidence when purchases are searching for a new house, as a buyer will be clear about their financial position and how a lender will respond to a contract for purchase.

At Materials Handling Finance Pty Ltd (MHF), we provide fast and easy commercial pre-approvals. Here are the benefits you can get with commercial pre-approvals at MHF:

 

1. Bargaining Power

When negotiating with equipment suppliers, having a clear indication of your own financial position can aid in the bargaining process. Where a purchaser knows exactly what they have to spend and that the funds are readily available, the purchaser can negotiate terms that are more favourable to them including delivery dates, price and volume. Having a pre-approval in place puts you in the position of control.

 

2. Prospective Contracts

Often a business owner or company may be asked to quote or respond to a tender that falls outside of the current operating capabilities of the business.

Perhaps the business requires more machinery or equipment in order to fulfil the requirements of a prospective contract. Having a pre-approval in place provides the certainty and confidence that you as a business owner will be able to obtain the new equipment prior to submitting a quote or tender response.

 

3. Fast Turnarounds

An existing pre-approval expedites the turnaround of obtaining new equipment or machinery. Where businesses rely on the traditional process of obtaining finance; that is, recognizing the need, contacting a financier, preparing financials, applying and documentation and then waiting for a response, times can be considerable before the equipment is actually ordered and in place. This process needs to be undertaken for each equipment item required at different times.

With a pre-approval, a running approval balance is in place and business owners can then simply order and receive the equipment in an efficient manner. One of the great benefits is that the complete application process is completed just once for the pre-approval amount.

 

How does it work?

 In simple terms, the commercial pre-approval facility operates by:

  • An initial application for a pre-approval amount (ie. $500,000)
  • Equipment is ordered against the pre-approval
  • The pre-approval amount is reduced by the purchase amount
  • The pre-approval operates on a revolving limit; as the loan is paid, the pre-approval amount increases again

 

Find out more

If you would like to find out more about commercial pre-approvals, please call us on 1300 884 145 or logon to www.mhf.com.au and lodge a quote request for us to get back to you. Alternatively, you can email or call our team directly:

Ian: iogilvie@mhf.com.au | 0407 818 887

Mal: mmace@mhf.com.au | 0401 647 526

 

Quick & Easy Finance For Dealers

 

Quick & Easy Finance For Your Clients

Benefits for your clients

100% finance available.
Simple, easy to understand terms including weekly payment amounts and residual payments.
We do the running-around while they keep working.

Benefits for you the dealer or seller

Updates at multiple stages from application to approval.

Notification of settlement dates.

 

At MHF you can expect:

Great interest rates & finance packages.

A dedicated team overseeing your application.

Decades of experience in the finance industry.

After-hours appointments.

Quick and easy finance.

Contact Our Team

Please call 1300 884 145 or contact our team to discuss finance for your next equipment lease:

Ian: iogilvie@mhf.com.au | 0407 818 887

Mal: mmace@mhf.com.au | 0401 647 526

http://www.mhf.com.au

© 2017 MHF (Materials Handling Finance Pty Ltd

 

Delivering Quick And Easy Financing Solutions

 

Delivering Quick And Easy Financing Solutions

At MHF (Materials Handling Finance) we completely understand the time involved in looking for a great finance rate and deal. We also understand that your time is valuable and is better spent working in your business. That’s why at MHF we do the running-around for you.

As a finance broker, we operate within a very competitive industry and our customer service is essential to our continued growth and success. At MHF you can expect:
· Great interest rates & finance packages

· A dedicated team overseeing your application

· Decades of experience in the finance industry

· After hours appointments

· Quick and easy finance

Contact Our Team

Please call 1300 884 145 or contact our team to discuss finance for your next equipment lease:

Ian: iogilvie@mhf.com.au | 0407 818 887

Mal: mmace@mhf.com.au | 0401 647 526

http://www.mhf.com.au

© 2017 MHF (Materials Handling Finance Pty Ltd)

finance

What type of equipment finance do you need?

finance

Lets find out what type of equipment finance is

right for you . . .

At Materials Handling Finance Pty Ltd (MHF), we provide different kinds of equipment finance solutions.

Finance lease – The finance company purchase the asset and rent it to you for an agreed period

Commercial loan - you source and own the asset, and the finance company provides a loan secured against that asset

Hire purchase – The finance company purchases the asset and you buy it from them in installments.

And remember, depending on the type of equipment finance you’re after, monthly payments may be fully tax deductible.

So which finance option suits you best?
Finance Lease Commercial Loan Commercial Hire Purchase
What is it? The Finance Company purchases the asset at your request and rent it to you for an agreed period. You source and own the asset and the Finance Company provides a loan secured by the asset. The Finance Company purchases the asset at your request and you buy it from them in instalments.
Who owns the asset? The Finance Company does and you rent it from them. You do and the Finance Company holds it as security. The Finance Company does until the agreement has been paid when ownership is transferred to you.
What is the potential tax benefit1? The rental payments are generally tax deductible1. The interest on the finance and depreciation of the asset are generally both tax deductible1. The interest on the finance and depreciation of the asset are generally both tax deductible1.

 

So now you know which sort of financing dynamic suits your requirements to get the capital for the equipment you need ASAP!

Call us on 1300 884 145 Nationwide or logon to mhf.com.au and lodge a quote request for us to get back to you.

Yours sincerely,

Ian Ogilvie and the team at MHF

 

 

 

We are here to help your every financing need.

MHF is a Brisbane based finance brokerage specialising in equipment, business, medical and marine finance. At MHF you will find a team of dedicated professionals who personally ensure that your individual requirements are paramount when recommending suitable finance facilities.

The team at MHF have had over 100 years collective business and finance experience and are leaders in the industry holding customer service and satisfaction as fundamental values.

Heavy machinery and equipment financing is allocated to a core division of MHF while the fields of medical and health industry financing are overseen by a separate specialist department.

MHF is a strong, stable, knowledgeable and experienced finance brokerage accustomed to working with financiers of varied size and capacity.

It is MHF’s key mission to facilitate quick and easy finance arrangements from application to settlement.

There is sure to be an area we can help YOU!

Click a link below and email me at iogilvie@mhf.com.au and we will be in touch with a solution to help you grow.

Yours sincerely,

Ian Ogilvie

Business Finance

Equipment Finance

Medical Finance

Marine Finance