Rather use Finance and NOT your Own Money for Assets
It’s better for businesses doing less than $10,000,000 turnover per year to finance assets, under $20,000 per item, as supposed to paying cash out of their pockets up front. The government’s $20,000 instant assets tax write-off for small business ends 30 June 2017.
There is never been a better time to update equipment and ensure processes run more smoothly.
- Update your IT hardware (desktops, printers, scanners, photocopiers ext.)
- Refurb your office or shop (tables, display shelving, kitchen equipment, signage, air conditioners ext.)
- Buy work vehicles including Utes and forklifts
- Get new tools or machinery (lathes, hoists, sheds and storage containers ext.)
Purchasing Assets using UCapital Alternative Loans
A small business owner wants to spend $10k on purchasing a piece of eligible equipment. By spending $10k include GST they can instantly claim the tax back on the spend (in this case a 30% company tax rate or a rebate of $3k) and will own the item outright on purchase.
It gets better! The interest and any costs associated with an UCapital’s business loan are also tax deductible, so 30% of the interest on the loan taken out to buy the equipment can also be claimed. This means the small business owner can knock a further $810 oﬀ their tax bill, and deduct the GST component of $909, leaving a total cost for the $10k asset of $7,981.
That why is better to use finance and NOT your own money to by eligible assets
Let’s Begin The Conversation
Do you have a good business but need cash? Can’t get a loan from the bank for a short-term challenge or opportunity? We say “YES” when the banks say “NO”. We understand any business in Australia might need a quick cash injection.
UCapital has helped hundreds of small to medium enterprises to get ALTERNATIVE loans to either jump on opportunities or to ease them through a difficult period.
An alternative business loan from UCapital puts cash into your business when you need it. Perhaps you’ve just won a new project and need money upfront to start the work. Maybe you have an opportunity to buy stock at a great price if you act straightaway.
Needing cash quickly is common in business. An alternative business loan means you don’t have to put up your home or your car every time that need arises.
We service all industries including:
- Professional Services
PARTNER WITH UCAPITAL
UCapital is actively recruiting partners nationwide to help market and distribute our product to small business owners (SMEs). We are looking for partners with an active SME database or network to market/sell to. Be part of a fin-tech company that offers sophisticated back end support to you and your clients.