Hi there,
Have you asked yourself if the bank is actually the best avenue for financing your business equipment and vehicles?
The bank may be most SME's first point of call but make sure you're fully informed before you make a decision!
Here's what your bank may not be telling you:
- 64% of SMEs are less than satisfied with their banking services*
- Banking red tape is costing Australian SMEs $7 billion annually*
- The average bank approval time for equipment finance is 17 business days
- Banks are generalists, they don't have the time to understand your industry, so they don't understand the life cycle of your assets and therefore can struggle to structure finance to best suit your business's specific needs.
- With banks there is an ongoing need to provide paperwork, statements, and proof of financial information.
On the other hand Eclipx Commercial, our sister company, is dedicated to just one thing - providing SMEs with smart, affordable, equipment finance to help them grow their businesses.
Here's how Eclipx Commercial shapes up:
- They have supported thousands of customers with equipment finance
- They provide financing responses in as little as 24 hours
- Finance term can be matched to the effective use of the asset
- No need to provide ongoing paperwork
- They provide you with an account manager to guide you every step of the way
Why not find out the difference with a specialist finance provider?

Sources:
Give SMEs the banking system they deserve, Joseph Healy, The Australian
Exploring banking inefficiencies for SMEs, Tyro