New Equipment Finance

New Equipment Finance: finance for cafés, restaurants and small businesses

New Equipment Finance (NEF) is an Australian company dedicated to business finance. According to its own presentation, its founders are also owners of cafés, restaurants and small businesses, and they created the company with the aim of making access to finance easier without the usual hurdles of the sector. The company maintains that its approach seeks to adapt to the specific needs of each owner.

Finance products

The range of services shown on the website includes three main lines:

• Equipment finance: for the acquisition of equipment for the business.
• Fit out finance: aimed at fitting out or renovating the commercial space.
• Overdraft or term loan: a line of credit or loan with a defined term.

The company states that it may finance more than its clients might expect, although the source consulted does not detail the amounts or the specific conditions of each product.

Application and pre-approval

NEF allows you to submit a finance application with no obligation, which does not commit the applicant. Based on the details provided, the company assesses a possible pre-approval that the client can use whenever they see fit. The website reminds users that all transactions are subject to credit assessment and approval.

Client profile and approach

The company specifically targets café, restaurant and small business owners, and mentions as an argument that it understands the difficulties of accessing finance when the business has already been operating for a couple of years. Its message is based on the idea of offering a simpler, fairer and faster process, with real people handling each case.

Contact and location

The company operates from Australia and its contact postal address is PO Box 119, Forest Hill, VIC 3131. The opening hours indicated are Monday to Friday, 9:00 to 17:00. The website also includes a notice that NEF does not provide legal or tax advice, and therefore recommends consulting a tax advisor.

PO Box 119 Forest Hill VIC 3131 · Phone: 1300 665 586 · Email: contact@newequipmentfinance.com.au