Go Getta Finance: A Helping Hand for Small Businesses

Go Getta Finance offers equipment rental and lease options tailored for Australian small businesses. Unlike traditional bank loans, Go Getta focuses on providing access to essential assets without requiring extensive credit history or large upfront capital. Their core offering revolves around weekly rental agreements for vehicles, equipment, and other business necessities.

The appeal of Go Getta lies in its flexibility and accessibility. Small businesses, particularly startups or those with limited credit, often struggle to secure funding for essential equipment. Go Getta bridges this gap by offering a straightforward rental solution. This allows businesses to acquire the tools they need to operate and grow without the burden of significant debt or lengthy approval processes.

Key Features and Benefits:

• Low Start-Up Costs: Instead of purchasing outright, businesses pay weekly rental fees, preserving crucial capital for other operational expenses.
• Easy Application Process: Go Getta typically boasts a simpler and faster application process compared to traditional lending institutions. This is a significant advantage for businesses needing equipment quickly.
• Flexible Rental Agreements: Rental terms can be adjusted based on the business’s needs and cash flow, providing greater control over finances.
• Ownership Option: Many Go Getta agreements include an option to purchase the equipment outright after a set rental period. This allows businesses to build equity in their assets over time.
• Tax Deductible: Rental payments may be tax deductible as a business expense, potentially lowering the overall cost. Consult with a financial advisor for specific tax implications.

Potential Drawbacks:

While Go Getta offers numerous advantages, it’s important to consider potential drawbacks:

• Higher Overall Cost: Renting typically costs more than purchasing outright in the long run. Businesses should carefully calculate the total cost of renting versus buying to determine the most cost-effective option.
• Limited Equipment Selection: The availability of equipment may be limited compared to purchasing from a wider range of suppliers.
• Terms and Conditions: Thoroughly review the rental agreement’s terms and conditions, including penalties for late payments or early termination.
• Interest Rates and Fees: While not structured as traditional loans, rental agreements often incorporate implicit interest rates or fees that should be carefully evaluated.

Is Go Getta Right for Your Business?

Go Getta Finance can be a valuable resource for small businesses seeking flexible and accessible equipment financing. However, it’s crucial to weigh the pros and cons carefully. Consider your business’s long-term needs, cash flow projections, and alternative financing options before making a decision. If immediate access to equipment is critical and traditional financing is unavailable, Go Getta can provide a viable solution. Remember to compare the total cost of renting versus buying and thoroughly understand the terms and conditions of the rental agreement.