Funding Connection

Equipment Loans

Equipment Loans

Equipment is an essential asset for any company to support growth and productivity. Whether you need commercial vehicles, machinery, office equipment or something else, Equipment Loans are an ideal way to access funds so you can upgrade or access new equipment. This type of loan is generally secured against the value of the physical asset you intend to purchase, although the type of finance may differ depending on whether you intend to purchase or lease the equipment.

  •  Loans up to $2 million
  •  Typically less documentation required
  •  Repayment terms up to 5 years
  •  New and Used items can be purchased

Frequently Asked Questions

1What type of Equipment Finance exists?
Equipment Loan, Chattel Mortgage, Hire-Purchase Agreement and Lease Agreement.
2Can I get equipment financing if I’ve already purchased the equipment?
It may not be too late to setup financing if you have already purchased the equipment. There is a possibility to reimburse you for the costs to free up your funds.
3Are there any tax benefits?
You may be able to claim a deduction for depreciation of the asset and your repayments, your accountant will be able to provide further information.
4How fast can I get my equipment loan sorted?
Upon providing your documentation for your application, it can be as quick as 24 hours.

Equipment Finance: Eligibility Criteria

We take the time to understand the needs of each of our clients because we know lending criteria may change from lender to lender. The criteria is subject to each individual lender, the type of equipment you’re financing and your specific business. In most cases you will be eligible if:
  •  GST registered ABN
  •  The equipment is to be used for business purposes
  •  Have a decent credit score
  •  Your business has been registered for 12 months

Let's discuss your financing options

If you are looking for financing options to support your business, please give a moment of your time to let us show you how we can make the process of business funding quick, easy and uncomplicated for SMEs all across Australia.

Looking forward to your call.