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FAQ
Frequently Asked Questions
what do you mean by asset finance?
A:

At UDC we specialise in financing plant, equipment and machinery. With over 60 years, experience in the industry, we pride ourselves on tailoring financial packages to suit our customers’ individual needs.

do i have to provide additional security?
A:

Generally no, however we are able to existing assets to finance new asset purchases in some cases.

what information do i need to supply to udc when applying for finance?
A:

By completing a simple application form and supplying us with your financial statements, we will generally be able to provide an answer within 48 hours for loans up to $150,000.

what are the advantages of leasing an asset rather than buying it outright?
A:

Under a lease, the cost of the monthly repayment is an "operational expense" for a business and therefore may be fully tax deductible. Also as you do not own the asset, it is not normally recorded on your balance sheet and this can assist with the various measurement ratios (e.g. return on assets and gearing).

how do I go about applying for finance now?
A:

You can apply online or send us an e-mail message. Be sure to include your contact details, and one of our representatives will contact you.

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