Winlease can arrange progressive payment equipment finance solutions including a Letter of Credit, Bank Guarantee to suit your business needs without having to use your immediate cash flow. We have strong experience in financing equipment from all corners of the world.
You might need Progressive Payment if:
- Your equipment is being constructed and progress payments are required by the manufacturer at various stages during the construction process
- You are importing equipment from overseas or your goods are built for you and are ready for shipping to Australia
You are considering a fit-out, IT hardware for your medical practice, architectural or accountant office, recruitment agency, legal firm or other professional practices
We can arrange a Progressive Payment also known as “Escrow Facility” where repayments during the construction/fit-out time are interest only on the outstanding balance, charged monthly in arrears. Once construction/works such as fit-out is completed, the facility is rolled into one simple lease agreement. At settlement, the loan can be converted to a Specific Security Agreement (formerly chattel mortgage), Lease or Hire Purchase and repayments can be structured to suit your cash flow. Finance terms range from 6 months to 7 years. Security (subject to credit approval) is the asset being financed, with no reliance on property security or other bank held security such as a Fixed and Floating Charge.
Escrow is an ideal solutions for:
- Aircraft operators and High Net Worth Individuals looking to buy new or used aircraft/helicopter from domestic manufacturer or an overseas seller
- Manufacturing companies willing to take advantage of the newest technology
- Importers
- Medical, legal and accounting practices, recruitment agencies and architectural offices looking for IT upgrades or new fit-out