What is equipment finance?
Equipment finance allows your business to purchase or lease equipment without paying the full cost upfront. Repayments are spread over an agreed term, helping manage cash flow while keeping your operations fully equipped.
Equipment finance can cover a wide range of machinery and equipment, from office technology to heavy machinery, and can be tailored to your business needs.
Benefits of equipment finance
Equipment finance helps your business access the machinery and tools it needs without tying up large amounts of cash. By spreading repayments over time, you can maintain operations, improve efficiency, and preserve cash flow for other priorities.
Predictable repayments
Fixed repayment schedules allow you to budget effectively.
Balloon payment options
Lower regular repayments by including a balloon payment at the end of the term. Availability depends on the type and age of the equipment.
Tax effective structures
Certain finance options may offer tax benefits, depending on how the equipment is financed and used within your business.
Access the equipment you need
Acquire essential machinery and equipment without delaying operations or growth plans.
Protect business cash flow
Avoid paying the full cost upfront, keeping working capital available for day-to-day business expenses.
Flexible finance structures
Choose from different finance options to suit your business objectives, ownership preferences, and accounting treatment.
Things to consider when applying
Categories of equipment covered
Equipment finance can be used to purchase or lease a wide range of equipment, including:
Machinery and tools for manufacturing or construction
Medical and laboratory equipment
Agricultural machinery
Materials handling and operational vehicles
Hospitality and retail equipment
Trade and industry-specific equipment
Eligibility criteria
Equipment finance is designed to be accessible for Australian businesses. To qualify, you generally need:
Minimum 6 months trading history with an ABN
Satisfactory business and personal credit history
Identification for business owners or directors
Business owner 18 years or older
Australian citizens, permanent residents, or eligible visa holders
Equipment finance summarised
Loan amount
From $10,000 up to $1,000,000+
Loan term
12 to 84 months
Repayment schedule
Purpose
Purchase or lease equipment to support business operations
Security options
Finance is secured against the equipment being purchased
How to apply for equipment finance
Applying for equipment finance is straightforward if you follow these steps:
Step 1:
Determine Your Eligibility
Provide basic business information, details of the equipment you want to finance, and consent. We’ll review your business profile to determine eligibility and calculate borrowing capacity without affecting your credit score.
Step 2:
Finding the Right Lender
We compare lenders to find the best option for your equipment finance needs. Your application is submitted, and we manage the process on your behalf.
Step 3:
Approval and Settlement
Once approved, we organise the settlement so funds are transferred and your equipment purchase or lease can proceed, giving your business quick access to the equipment.
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