This step can be overlooked in the early stages of planning your fitout, so it’s best to explore your options early, especially as some providers have a better understanding of this sort of financing than others.
It is very important that you have your finance arranged before you sign your shopfitting contract.
As securing finance can take up to a month, you should speak to your accountant and financial institution once you’ve received a budget estimate from your chosen shopfitter. You must show proof of finance before any work can proceed.
If you lease your premises, you are obliged to provide your financer an Entry Waiver.
This is a letter from your landlord that gives permission for them to enter the premises to repossess your fixtures and fittings should you not meet your repayments.