We at SBA Financial offer flexible and efficient leasing operations through the following products:-
Finance Leases
A Finance Lease is an agreement whereby the Lessor “rents” the equipment to the Lessee (Client) who has the right to use the goods for the period of the lease, but no claim to title. A residual value is set with the lessee guaranteeing the financiers for this amount.
Novated Lease Agreements
A Novated Lease is an arrangement entered into by three parties – the Employer, Employee and the leasing company.
The Employee leases the vehicle from the leasing company, the employee then novates the vehicle to the employer.
Under this agreement the employer deducts the payment from the employee’s gross remuneration under a salary sacrifice arrangement.
If the employee leaves the employer the novation will be cancelled by the employer and the employee will be responsible for the repayments
Commercial Hire Purchase (CHP)
CHP allows the borrower the flexibility to utilize equity or a cash deposit to reduce the amount financed, unlike a finance lease where equity is not permitted.
We also look at applications for any income producing plant and equipment that a business uses including:-
