Bigstone Finance offers various finance solutions which can suit your business’s needs. Here are short explanations of what we currently offer so you know what fits you best.
Definition: Bigstone buys the asset on the renter’s behalf. The renter then pays Bigstone a monthly rental fee for the use of the asset.
This is a great option when considering an asset that you’d like to regularly update to keep your business up to date. At the end of the rental term, you will have the opportunity to continue renting from Bigstone, make an offer to buy the asset, or update to a newer version of the equipment.
Definition: Bigstone buys the asset on the lessee’s behalf. The lessee pays Bigstone a monthly lease amount and purchases the asset with a final payment at the end of the lease term, transferring the ownership.
The best time to take out a finance lease is when you don’t have the spare cash to make a large purchase but plan to keep the asset in the long term. An example of this would be purchasing a large truck, looking to divide the upfront cost over regular payments to best budget for the business.
Definition: Bigstone pays the vendor directly on the borrower’s behalf to acquire new or used assets, with security in place for the life of the loan.
You own and use the asset, but rather than paying a large cash sum upfront to the seller, you have the opportunity to space out payments into regular monthly intervals. This can improve the overall company budget as well as alleviate cash flow pressures for the business.
Secured Business Loan
Definition: Bigstone provides funds to the borrower and takes security over existing unencumbered assets.
When you are looking to avoid taking too much cash out of the business for purchases, you can utilise a commercial loan. If you have recently acquired a new store but need cash for the final fit-outs, you can get a business loan to cover the cost. All Bigstone will do is take security over a piece of equipment the business already owns and provides the cash injection for you to use.
Sale & Lease Back
Definition: Bigstone refinances (i.e. buys from you) an asset you already own and leases it back to you through regular monthly payments to inject cash flow for business growth.
This is a solution if you are looking for a capital raise to continue the growth and expansion of your business. With the influx of cash your business will be able to undertake new projects and continue to use the equipment you previously owned for a monthly fee.