2 Deals to Grow Your Business
- 7 weeks no repayment business loans
- $30 000 instant asset tax write off.
Get a free quote today.
If you are considering purchasing business equipment or assets, we can help you with the finance to do it sooner. Not only will your business benefit right away, you could also be eligible for the ATO $30K instant asset write-off at tax time. You can also benefit from our Finance offer of 7 Weeks No Repayment Business Loans .
7 Weeks No Repayment Business Loans
For eligible business loans settled between 3 May and 9 June 2019 inclusive, no loan repayments required from the loan settlement date to 30 June 2019 (inclusive). Total loan repayment term will be extended by the time equal to your loan payment deferral period.
- Short-term loan
- Daily or weekly repayments
- Borrow up to $300 000 Unsecured
- Fast applications and decision
- Funding possible in 24 hours
What you can use the funds for?
There are many ways small businesses can invest $30,000 to help their business grow.
Technology
To automate business systems like bookings, invoices or rostering.
IT hardware
Including desktop computers, printers, scanners, photocopiers.
Office and shop fittings
Including new café tables, display and shelving, kitchen equipment, signage, air conditioners. – New and second
New and second hand work vehicles
Including utes and forklifts.
Trade tools
Including machinery, lathes, hoists, plant and other equipment, sheds and storage containers for equipment.
Primary production capital expenditure
Including fencing and water facilities such as dams, tanks, bores, irrigation channels, pumps, water towers and windmills.
*Assets excluded include horticultural plants and in-house software allocated to a software development pool.
$30k Instant Asset Tax Write Off
Small business owners who are considering purchasing business equipment or assets, can now benefit from the government’s $30,000 instant asset write-off if they purchase
before 30 June 2019. If you are concerned about disrupting cash flow to make the investment, a short-term business loan from Clickcapital could be the answer.
Here is a snapshot, but you can find more information by searching for ‘Simplified depreciation
for small business’ on the ATO website.
- What is it? Qualifying assets totalling up to $30,000 are eligible for an instant deduction.
- When does it end? It applies to assets purchased until 30 June.
- Who qualifies? Businesses with turnovers of under $50 million.
- How does it work? Claim an instant tax deduction rather than writing the asset down over time.
Why choose Clickcapital loan over an equipment lease
Small Business owners comparing equipment finance to a Clickcapital Small Business loan realised that using Clickcapital they would own the asset outright and could re-sell if they wished.
Using a Clickcapital Loan
- Instant tax write-off of the cost of the asset
- Interest and loan costs are tax deductible
- Item owned outright, can re-sell
Using Equipment Lease
- No instant tax write-off available in many instances
- Cost of the lease only claimed over the lease period
- Item not owned outright in the majority of lease arrangements
