Find out How to Put Yourself First
Stop worrying about the risk of losing any money your business owes you and do something about it TODAY.
Credi’s can do this for you within 24 hours for just $1,495
Text ‘INFO’ to 0448 617 280 or fill in form
Low-Cost Pay Just $1,495 Today
The cost for the Credi’s “Do It For Me’ team to set up your ‘Flexible Loan to Company with Security Interest’ is A$1,495 ex gst
You can have Credi manage the PPSR security interest registration for $5 per month from year two, we will handle any changes you want to make to the PPSR registration such as removing the interest or allowing another interest to take priority.
Benefits of Acting Now
If the company goes into liquidation, you can establish priority rights over some or all the company’s assets. Without a documented loan agreement & registered security, you may find yourself at the back of the queue and less likely to be repaid in the event of a business going under.
With strict timing rules applicable there are benefits to get your loan agreement and registration in place ASAP.
The amount of money you are owed by the business at any point in time may vary, as you cover or are repaid for company expenses on personal cards or with cash payment. Our flexible loan agreements with a registered security interest are set up to cover these within a $ limit you define.
If you need to change the amount, remove or shift the priority of your security interest we can do that for you with our ongoing support service.
What is the PPSR?
In Australia, the Personal Property Securities Register (PPSR) is a government run single, national online database that shows you whether someone is claiming an interest in goods or assets. It provides information to help protect consumers when they are buying personal property such as cars, boats, or artworks (not including land or buildings). Read the Australian Government guide to PPSR
Assets for a Security Interest
Lenders can accept a wide range of your assets as security for a loan, almost anything of value. There are four broad categories of personal property (assets) that a lender can register a security interest in, personal property is all forms of property other than real estate. Credi uses General property the Personal Property Securities Register – PPSR’s
‘All present and after- acquired property – no exceptions (called ‘AllPAAP’ for short) as coverall option as our default option to capture all property owned by the grantor, this type is commonly used by the banks.
Other types of security that can be used as security are:
- Tangible property including; vehicles, machinery, stock in trade, art, crops & livestock.
- Intangible property including intellectual property, patents, copyright & licenses.
- Financial property including; shares, debentures, bonds, assignable options, or foreign exchange contracts.
- Read more…
Via Credi