If you answer ‘Yes’ to ALL the following questions, you may qualify for pre-approval to quickly purchase your next asset:
1. Is the purchase price of your asset under $150,000?
2. Is the equipment being purchased brand new and sold by a licensed dealer?
3. Do you have an ABN that has been registered for longer than 2 years and registered for GST for over a year?
4. Does at least one of the Directors of the purchasing entity own a property in their own name? (We don’t take security over this asset, it just helps asses the application.)