Our Solutions
Chattel Mortgage
Much like a secured car loan, Endeva will provide the funds for you to purchase the asset, and you’ll take ownership at the time of purchase. The lender takes a ‘mortgage’ over the asset as security for the loan. Once the contract is completed, you’ll own the asset outright.
General Features and Benefits
A tax deduction may be available when the asset is used for business purposes*
A customer who is registered for GST may claim the GST contained in the asset price as an input credit on their next Business Activity Statement (BAS)*
Ability to set residual if required to lower the payments
Reported on your balance sheet as a debt or loan
Equipment is owned by the client from the outset
Finance Lease
A finance lease can provide the benefits of a Rental in terms of basic treatment of the payments being made and provides ownership at the end with payment of the final residual amount. Assets are purchased by Endeva on behalf of the lessee, your business. Your business pays instalments, or rental payments, that go towards the assets.
General Features and Benefits
Payments may be 100% tax-deductible*
Is reported on your balance sheet as debt or loan
Payments are potentially treated as an expense that you run through your profit and loss statement GST is claimed in each payment
An end residual is set on the lease. Once paid, it allows you to own the equipment
Rental (Operating Lease)
Rental allows you to treat the cost of acquiring a piece of equipment as an ongoing expense, rather than paying the entire cost upfront. Many assets need to be replaced within a period of 5 years so it makes sense to rent these and treat the entire rental payment as an expense to receive a 100% tax deduction. Renting rather than purchasing means you can completely write-off the equipment and receive a high level tax-benefit.*
General Features and Benefits
Payments are 100% tax-deductible*
It does not appear on your balance sheet as debt or loan
Classed as an Operating Expense that you run through your Profit and Loss Statement
GST is claimed in each payment
Business Loans
Even profitable small businesses can experience seasonal fluctuations and shortfalls in cash and resources. That’s where a short term business loan can come in handy. A short term loan offers a quick boost of financial support. And now, with the growing popularity of alternative lenders, there are more options than ever to get the capital you need to keep growing. Running your own hospitality business can be challenging, not to mention expensive. From purchasing additional equipment and paying staff wages, to ensuring you’re effectively marketing your company to attract new customers; success certainly comes at a cost.
Endeva has a range of solutions to facilitate a business loan
Unsecured Business Loans
These loans are called ‘unsecured’ because they don’t require you to put up collateral (a valuable asset you own) to get approval. Instead, many alternative lenders ask for a personal guarantee from the directors of the business. With unsecured loans, a less-than-perfect credit history is okay. Additionally, they have a quick application and approval process, often within the same day.
Secured Business Loans
Unlike unsecured business loans, a secured loan is supported by a form of collateral (such as property, vehicles, etc.). This is your way of promising to repay the loan, as the collateral can be used or sold to the lender in the event that you default on the loan. Secured loans aren’t for everyone, but they do allow you to take out a larger loan and repay it over a longer period of time.
Business Line of Credit
When you have a business line of credit, you can borrow a certain amount of capital annually, just as with personal credit. You make payments only on the credit you’ve actually used, helping you to manage cash flow shortages or cover surprise costs until you have the funds. The amount you can borrow is typically based on accounts receivable and current inventory, but is usually less than $300,000.
Business Overdraft
Although it can also be secured or unsecured, a business overdraft differs from a traditional loan. It can be explained as a line of credit that becomes available when you make any withdrawal for an amount greater than the balance in your business debit account. In other words, you can continue making withdrawals even if your account is empty.
Insurance Premium Funding
Insurance can be complicated and expensive and can put serious pressure on your cashflow when you need it most. With insurance premium finance, we provide funding so you can free up money in your business, so you can spend it on what’s important. Our interest rates are fixed and competitive, so you know exactly how much you’ll have to pay, spreading lumpsum payments over time so you can reduce the likelihood of underinsurance.
General Features and Benefits
Our product allows you to roll multiple premiums together into a single loan, so you are only required to make one monthly payment. What are you waiting for? Apply today!
Enjoy flexibility with no fixed term contracts
No property security required
Easy monthly instalments
Zero ongoing fees
No directors guarantees
Not recorded as borrowings
Business Insurance
We know that every business is different so we’ll look at your business holistically and put together a package of insurance products to meet your unique needs. We can assess which aspects of each policy are relevant to you, and exclude or include sections that are most appropriate for your business. Running a restaurant comes with many unforeseen events that can have huge impacts on your day-to-day trading. Things like a kitchen fire, an attempted break in, the cold room motor burning out or even an injury to a patron. Having the right policy in place will cover you against these events, and will ensure you can continue running your business.
We’ll search the market for products and deals available and then tailor a package to suit your business from the following types of insurance:
Business Interruption
Public & Product Liability
Glass Cover
Fire & Perils Insurance
Machinery Breakdown
Electronic Equipment Cover
Money Cover
Tax Audit Cover
Theft Cover