This is the one. The complete Finlease review by an independent business owner. Real, raw and with no input from their team. Read this post entirely and you’ll discover whether Finlease is right for you. Thousands of people like you read my blog every month and appreciate my honesty and openness from a business owners perspective, I tell things as they are. No sugar coating in this zone.
A bit of background here: I’m a business owner, finance is traditionally harder for me to attain, based on the inherit risks that businesses have. I’m sure you’ve had some frustrations before, or at least know others who have. My current online business, selling on Amazon, is remarkably quite stable, and I help people start their journey’s selling on Amazon from home working part-time hours.
Yet over the last 10 years I’ve applied for finance many times, both for personal and business reasons with almost 100% success rate. Home loans, car loans and business expansion. Further, I’ve also had a range of credit cards. I’m no stranger to the world of finance. They’ve been mostly good lenders, and they’ve been some shocking lenders, so this solid review of Finlease come with experience.
You’ve probably heard of Finlease through a friend, through social media or a their other advertising strategies. Now you’re curious. Is Finlease any good? Am I actually going to get approved? What are the requirements? What is the Finlease interest rate? These are all very good questions, and I’m glad you’re here. I also wouldn’t blindly jump into something without doing some research, looking at the cost and value, the convenience and likelihood of finance approval with a low interest rate.
Choosing the right lender for equipment and business finance can be a tricky process. There is some reasons that I feel that Finlease can be beneficial for most business owners reading this.
- They’ve been in business since the 1980’s. That’s close to 40 years to get it right. Today they’ve got a solid team with hubs across Australia working to get the best deals for their clients, fellow business owners just like you.
- They specialize in business finance. Yes, they’ll lend on a car, they’ll lend on a boat and they’ll certainly lend on property. But this isn’t their focus point. They know and understand the needs of businesses who require new equipment to expand their businesses. They know how to create the best application for the bank to minimize the frustrations for you.
- They lend on a range of equipment specifically for businesses. Trucks, buses, cranes, IT, medical equipment, airplanes, manufacturing equipment and much much more. They know you want to scale, they’ll have a good look at your books and likely a conversation with your Accountant to ensure you’ll be financially in a better position afterwards.
- They’ve got a lot of positive reviews. Thousands of satisfied business owners across Australia. Jump on board the popular ‘Product Reviews’ website and you’ll find plenty. Also look at their competitors, and the bulk of these will have a lot of dissatisfied customers.
- Finally, they’ll likely get you a better interest rate than what your bank can. Yes – your bank knows your current financial position. You might be on a first-name basis with your local bank manager. Finlease could still get you a better deal, which is only going to increase your profitability and keep your Accountant happy.
I’m a guy who keeps it real, a fellow business owner who tells it like it is, especially in a world of social media plastic. So no review could be complete without some downside. To say it another way, room for improvement. The process for finance takes time. It doesn’t all happen in 5 minutes. Likewise, you didn’t build your business in 5 minutes. So applying with Finlease will take some time, from gathering your paperwork, to working with your broker over the phone and finally receiving approval from the finance company. So allow a few days, up to a couple of weeks to make this all happen. It all depends on a range of factors including how complete your paperwork is, the particular finance you’re after and your current financial situation. Finlease isn’t the fastest, but they’re not the slowest either. I particularly don’t like these other finance companies who say you’ll get approved in 24 hours. That just isn’t going to happen. At least Finlease is more realistic in their time frames.
When considering any lender, whether that be Finlease or one of their competitors, there’s a range of factors I’d be looking at. These include, but aren’t limited to..
- How long have they been around?
- Do they understand the needs of business owners?
- Do they specialize in equipment finance?
- How responsive are their team in processing your application?
- Will they offer a competitive interest rate?
In summary, I’d recommend choosing Finlease to expand most businesses if equipment finance is what you’re after. If I wanted car finance or investment property finance, I’d likely look elsewhere and get a better deal. These guys know equipment finance extremely well, a local company with several decades of experience. Personally, I’m looking to expand right now and triple the volume of daily sales that I’m making on Amazon from home, which requires finance. These guys are at the top of my list.
Yes – I work from home. Or from the laptop on the boat. I don’t have a warehouse, I don’t have a forklift, yet I make a full time income. I work between 7 and 10 hours per week. Sometimes I hardly believe this is real. When an order comes through, which happens dozens of times daily, Amazon ships the orders for me. Sure, there’s a small fee for this service, but no wasted time in packing and shipping items myself. Plus the sheer scale in my business is immense. I also help people start their journey selling online through Amazon on a part-time basis, many of these fellow business owners looking to transition over to a better life. Should this be of interest to you, then I have access to FREE 4-part course that my good friend Adam Hudson has created just for you, which you can access right now via the links on this page.
I hope this comprehensive review of Finlease has shed some light as to whether their services are right for you, your business and the direction that it is heading. Any comments or questions can be dropped into the box below. The more technical questions can go directly to their friendly team, there’s no pressure to proceed past that short phone call. I’ll do my best to answer any questions you might have, from one business owner to another…
