What types of facilities are available?
Deciding on the Stocklease facility that best suits your needs will depend on the specifics of your enterprise. There are four key products with individual features.
Feedlot Lease: Up to 95% finance designed for animals increasing in value in feedlot programs. Lease payment amounts are minimised to reflect the short period of the lease. The maximum lease period is 18 months (540 days) and payments are required monthly.
Background Lease: Up to 95% finance for grazing animals increasing in value in an intensive or extensive pastoral environment. Lease payment amounts are minimised to reflect the short period of the lease. Ideally suited to livestock trading operations. The maximum lease period is 18 months (540 days) and payments are monthly.
Breeder Lease: Up to 90% finance. Lease payments are larger in amount to reflect the longer period of the lease and the ultimate depreciation in the value of the animal as it ages. This lease allows for the acquisition of breeding sheep and cattle where repayments are spread across the life of the lease, which can be up to 4 years for sheep and 6 years for cattle. Lease payments are monthly.
Dairy Lease: Up to 90% finance. Lease payments are larger in amount to reflect the longer period of the lease and the ultimate depreciation in the value of the animal as it ages. This lease allows for the purchase of dairy stock where repayments are spread across life of the lease, which can be up to 6 years. Lease payments are monthly and can be made directly from milk sale proceeds.
It is possible to operate more than one type of lease at a time, offering business flexibility.
The dollar value of the lease payment and residual balance can be customised for each lease providing they remain within both Stocklease and Australian Taxation Office (ATO) guidelines.
