Equipment Loans

Thinking of growing your business? Are you looking for the right lending company to finance your loan? Suffering from bad credit records but looking into buying new equipment? We at Intellichoice can help.

Helping people with bad credit in securing a business loan is one of our missions. We can help you connect with the right lenders and loan features tailored for bad credit or your current business circumstance. Banks usually requires very specific credit standing to qualify for equipment loans. Here in Intellichoice Equipment Loans are tailored for both businesses in good and bad credit standings. We help you connect with the right lending company or bank that will listen to your specific business needs while providing you with an appropriate loan offer.

What is equipment loan anyway and how to apply for this? Most equipment loans requires collateral. Lending companies use the equipment to protect or secure the loan. It is a kind of small business loan designed for people with bad credit records. Intellichoice is the number one choice here in Australia as we provide equipment loan through connecting borrowers to the right lending companies or banks that specifically cater their needs. We believe that everyone has the right to be given another chance as bad credit history does not really limit someone ‘s capacity to pay.

If you are planning to apply for this program, first you must secure these documents:

Credit card
Filled-up Application form
Registered ABN
Proof of Identification
Credit cards statements
Business bank transaction statements
Profit and loss statements
Business assets and liabilities

Given that you’ve already obtain a copy of your credit score, you can now verify your financial standing and get more information on how to improve it. We at Intellichoice strongly suggest that you should work on improving your credit before applying for equipment loan so that lenders can see how sincere your intention is and how responsible you are in managing your financial matters. Also, this will save your time and increases your chances of approval. You might want to consider getting a credit repair service to help fix your credit situation, but you must also be careful as some credit repair companies can make the situation worse.

When all these requirements mentioned above are fixed and organized, the next thing you need to do is to submit all these requirements and supporting papers much like how the traditional loan application process goes. After we have determined your financial standing, we will now forward your details to our partner loan companies so that they can assess your application and decide based on the findings.

To call Intellichoice and inquire for more details, please dial 1300 55 10 45 and talk to one of our business loan specialists today.