Need Asset Finance?

We can help to grow your wealth using Asset Finance

Choosing the right finance can help you grow your business faster. Progressive Loans can help you with your asset finance. From vehicles loans, to shop fit-out, heavy machinery or furniture and technology, we’ve got you covered.


Give us a call and let’s discuss your particular situation and see what loans suits you better!

asset finance

Asset finance explained

How asset finance works

As asset finance becomes more prominent in Australia, it’s important to understand how it works and what type of customer it suits.

What is asset finance?

Asset financing refers to the use of a company’s balance sheet assets, including short-term investments, inventory and accounts receivable, in order to borrow money or get a loan. The company borrowing the funds must provide the lender with security interest in the assets. This differs considerably from traditional financing, as the borrowing company must simply offer some of its assets in order to quickly get a cash loan.

Asset financing is most often used when a borrower needs a short-term cash loan or working capital.

How many types of asset finance loans can I get?

There are two basic types of loans that may be given.

The most traditional type is a secured loan, wherein a company borrows, pledging an asset (equipment, stocks, warehouses or accounts receivable) against the debt. The lender considers the value of the asset pledged instead of looking at the creditworthiness of the company overall. If the loan is not repaid, the lender may seize the asset that was wagered against the debt.

Unsecured loans do not involve collateral specifically; however, the lender may have a general claim to the company’s assets if repayment is not made. In the event that the company goes bankrupt, secured creditors typically receive a greater proportion of their claims; thus, secured loans usually have a lower interest rate.

Get the asset finance loand that is right for you

We are here to make your application as simple as possible. Book a meeting with us and let us do all the heavy lifting. Ready to take the step and grow your business with asset finance? Give us a call today!

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Ready to take the step and grow your business? Request an appointment!