2 Deals to Grow Your Business Before EOFY 2021
8 weeks no repayment business loans
$150 000 instant asset tax write off.
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 $150K instant asset write-off at tax time. You can also benefit from our Finance offer of 8 Weeks No Repayment Business Loans .
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8 Weeks No Repayment Business Loans
For eligible Business Loan settled between 3 May and 30 June 2021 (inclusive). Total loan repayment term will be extended by the time equal to your loan payment deferral period.
Short-term loan 3-36 Months
Daily or weekly repayments
Borrow between $5,000 and $300,000 Unsecured
Fast applications and decision
Funding possible in 24 hours
OFFER: No repayments for the first 8 weeks (interest accrues from settlement date to end of term)
What Can I Use the Money For?
See Some examples below or visit the ATO website for more details
Technology
To automate business systems like bookings, invoices or rostering.
IT hardware
Including desktop computers, printers, scanners, photocopiers.
Trade tools
Including machinery, lathes, hoists, plant, and storage containers for equipment.
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 trucks,dump trucks, front loaders, backhoes and forklifts.
Primary production capital expenditure
Including fencing and water facilities such as dams, tanks, bores, irrigation channels, pumps, water towers and windmills.
$150k Instant Asset Tax Write Off
Small business owners who are considering purchasing business equipment or assets, can now benefit from the government’s $150,000 instant asset write-off if they purchase before 30 June 2021. If you are concerned about disrupting cash flow to make the investment, a short-term business loan from Clickcapital could be the answer.
The $150,000 instant asset write-off at a glance
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 $150,000 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 $500 000 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
We have access to a large range of lenders in Australia
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Disclaimer: Clickcapital helps Australian firms access business finance, working directly with firms and their trusted advisors. We are a credit broker and do not provide finance products ourselves. All finance and quotes are subject to status and income. Applicants must be aged 18 and over and terms and conditions apply. Guarantees and Indemnities may be required. Clickcapital can introduce applicants to a number of providers based on the applicants’ circumstances and creditworthiness, we may receive a commission or finder’s fee for effecting such introductions. Clickcapital does not provide any kind of advice and in giving you information about providers products, we are not making any suggestion or recommendation to you about a particular product. Offers of finance are subject to a separate assessment process by the provider and subject to their terms and conditions. If you feel you have a complaint, please read our complaints section which is contained within our terms and conditions.
Things you should know: No repayment period offer available to new and existing approved customers on a new or refinanced Prospa Small Business Loan settled between 3 May and 30 June 2021 (inclusive). Approved customers can elect to take an optional initial no repayment period of between 1 to 8 weeks, during which interest will accrue but no repayments will be required. Total loan repayment term will be extended by the time equal to the selected no repayment period (1 to 8 weeks) and interest will accrue from the loan settlement date until the end of the term. Interest that accrues on the loan during the no repayment period is capitalised and included in the total interest expense, and forms part of the regular fixed daily or weekly principal and interest repayments due on each payment date following the end of the no repayment period. Offer only available to businesses established and operating in Australia. Offer not available to refinance an existing Prospa loan that is within a no repayment period at the time of application, or in conjunction with any other Prospa offer. Offer may be withdrawn without notice. Standard credit approval criteria, fees, terms and conditions apply.
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