To cash out means unlocking the value of something you already own, a vehicle, equipment, machinery, stock, or another asset of value, and converting it into working capital. The asset doesn't leave your ownership, and it doesn't always leave your hands either. With Park It, we store it. With Track It, it stays with you and keeps working, we GPS-secure it in place instead of taking it. Either way, it's returned or released once the loan is repaid.
It's a different tool to a business loan. A loan asks whether the business can service new debt over years. A cash-out solution asks one question: what's the asset worth, and can we secure against it. That's why we can move in hours, not weeks, and why no financials or credit check are needed.
In Australia, cash-out finance typically runs from $20,000 to $1 million, advanced at up to 70% of the asset's value, over terms of 1 to 9 months. Exit any time after month one, and only pay for the days you use. It costs more than a bank loan because it's priced by the month and built for short-term use.
