A loan agreement which funds the purchase of individual or multiple assets which are accepted as security for the loan. A registrable mortgage is placed over the goods for the duration of the loan
CHATTEL MORTGAGE
Also known as a Goods Mortgage, Specific Security Agreement (SSA) or Commercial Loan.
- claim refund of the GST in the purchase in your next Business Activity Statement
- terms of 1 to 7 years available (up to 10 years for larger purchases)
- fixed interest rate and repayments
- claim depreciation and interest as eligible tax deductions
- terms and balloon (lump sum/residual) available to maximise cashflow benefits
- finance 100% of the cost of the goods purchased or contribute equity if desired
- monthly, quarterly, half yearly, annual, seasonal or structured repayments available to suit your cashflow
- ideal for Instant Tax Writeoff
The most popular and flexible form of financing business assets – claim GST, depreciation and interest, and have ownership of the goods

