Specific Security Agreement

Specific Security Agreement

A Specific Security Agreement, also known as a Chattel Mortgage Agreement works in similar fashion to the traditional Commercial Hire Purchase (CHP) product with similar tax deductions and flexibility surrounding its terms and balloon payments.

It has grown in popularity beyond the CHP due to a borrower’s ability to claim back their full GST (input Tax Credit) upfront regardless of which tax system the business runs (cash basis or accrual basis).

With a Specific Security Agreement the goods are owned by the customer and the lender takes a charge over the goods as security.

Key Benefits of a Specific Security Agreement

Specific Security Agreement

Ability to claim GST (Input Tax Credit) upfront on both cash & accrual basis

Specific Security Agreement
Up to 100% financing (including GST)
Specific Security Agreement
Full ownership of equipment at end of term
Specific Security Agreement
Flexible term and balloon payment options
Specific Security Agreement
Fixed Payments for ease of cash flow management.
Specific Security Agreement

Attractive tax deductions of interest expense & depreciation.

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