Business equipment finance
- Excavators, Forklifts, Harvesters
- Medical Equipment, Office Fit-Outs
- Construction and Heavy Engineering
Key takeaways
Borrow up to 100% of the equipment value
Loan terms up to 7 years
Competitive rates and low doc approvals are possible
What is Business Equipment Finance?
Business equipment finance is specifically designed to help business owners acquire the equipment then need to run and grow their business.
It allows you to borrow up to 100% of the equipment price (new or used), using the equipment as security against the loan. With set interest rates and repayment periods, this lending option can cover a wide range of business equipment purchases, while also potentially offering tax advantages (speak to your financial advisor).
This lending product is well suited to all types of businesses, from large and established businesses, to new start-up businesses.
Who qualifies?
To be eligible for business equipment finance, you generally need to:
- Have an active ABN
- Be a tax resident (Australia)
- Equipment must be for business use (mainly)
Book a meeting with our expert team to talk through your equipment finance needs, rates and repayments.
Nadine Connell
Commercial Finance Broker
Key benefits of
Business equipment finance
Key benefits of [aoran_span] Business equipment finance[/aoran_span]
Common Features of
Business equipment finance
Loan Rates and Terms
There are a number of factors that lenders consider when setting interest rates and terms for potential borrowers.
These can include:
- How much you want to borrow
- What type of equipment you want to buy
- Whether the equipment is new or used
- Whether you want to buy or lease
- Your business revenue and credit history
- The term of the loan
To find out what rates and terms are available to you, speak to our expert lending team, who can walk you through the different options depending on your unique needs.
We get you the best business finance
from our marketplace of 60+ lenders
Not just your commercial finance broker.
Your business partner for the long haul.
Over the past 15 years Nadine and Chris have had the privilege to help more than 3,300 Australian business owners realise their business goals.
Everyone’s situation and needs are unique. That’s why we offer personalised commercial finance broker and planning services, designed to ensure you get the right type of business finance with the best rates and terms possible.
What’s more, as our client you’ll also get access to all the experience and knowledge of our team – helping you succeed long term. Together.
Why Work with Us?
We’ve had the privilege of helping more than 3,300 Australian business owners over the past 15 years, and we’d love to help you grow your trucking business as well.
Personalised service
We get to know you and your business, your goals and situation, and offer our expert advice on truck lending products that might best fit your needs.
Strategic view
We take a holistic view of your business goals, ensuring a decision to take on truck finance is considered against your financial situation and other needs.
Quick access
We work with lenders to ensure fast application processes and access to your funds. Expert help: We are here to guide you all the way through the process, making sure your application process runs smoothly.
Frequently asked questions
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One of the most common ways an equipment loan is secured is with what’s called a chattel mortgage. With this approach, the asset (equipment) serves as the security on the loan, and the lender maintains a claim on it until the loan is fully repaid. The borrower benefits from getting access and use of the equipment right away.
Other ways to secure equipment for financing include things like personal guarantees (typically a third party) where someone other than the borrower promises to take over the loan repayments if the original borrower defaults.
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Have a question? Just ask!
One of our lending specialists will be in touch
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