Realising that around a third of our customers were using our core unsecured term product to finance equipment purchases, we have now officially launched our new Equipment Loan product with broker events held recently in Sydney and Melbourne.
Available on 24, 36 and 48-month terms, our Equipment Loan is available for amounts of between $5,000 and $100,000. There are no limitations on asset make, model or age – we will consider secondary, tertiary and second-hand assets, for example industrial trucks & catering equipment.
Our CEO Cameron Poolman explained at the official launch events that brokers often speak to us about the challenges that occur when looking for financial solutions for their customers regarding non-primary assets – “Currently, to purchase these types of assets, many small business owners must resort to using their valuable working capital or turn to family and friends. Often the purchase simply doesn’t happen and that limits the development or even the ongoing operations of the business.”
OnDeck CEO Cameron Poolman speaking at the Equipment Loan launch event in Sydney
Looking for more?
For more information regarding our Equipment Loan and how it can service your clients please contact your local BDM.