Construction SMEs have launched Australia’s first asset and equipment finance comparison website, Finnovate, set to empower businesses with choice and trigger competition among lenders through total rate transparency.

The web-based business finance model allows businesses to access and compare the rates and fees of nine major lenders and apply for equipment and vehicle finance and leasing online.

Chris Beath of A Class Business Finance, the Brisbane-based asset finance group behind the new website, said they created Finnovate to provide businesses with a new pathway to finance through a model that puts the ball firmly in their court.

“Finnovate totally changes the game - until now there has been nothing like this in the business sector and for an industry like construction that relies heavily on modern machinery and equipment, this is a particularly important milestone.

“We are fighting hard for Australian business by introducing greater transparency in this space, and the fact that nine of Australia’s biggest banks and financiers have come to the table and partnered with us, proves that we have a product that represents the future of business finance in this country.

Mr Beath said the Finnovate website was designed to be incredibly user-friendly, offering a convenient, fast, efficient online application process for equipment and vehicle finance transactions up to $1 million. Transactions over $1 million will be dealt with personally by Finnovate.

“What we are providing is a 24/7 one-stop-shop for business finance from rate comparison and application through to approval, and we believe this will be the catalyst for change in Australia’s business finance landscape.”

Architecture & Design Team

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