Equipment & Asset Finance

Finance a new vehicle, plant or machinery with Equipment & Asset Finance

Equipment and asset finance allows businesses to acquire essential equipment or assets without a large upfront payment by spreading the cost over time. This financing option typically involves a loan or lease agreement where the business makes regular payments to the lender or lessor. The financed asset, such as machinery or vehicles, serves as collateral for the loan.

Equipment Finance is a great way for businesses to fund growth through the purchase of specialised equipment or even fit outs that help your business. Loan Terms for Equipment Finance are generally flexible so are a great help in managing cashflow while staying up to date with the latest equipment required for your business. There could also be tax advantages by utilising Equipment Finance to acquire equipment rather than buying equipment outright.

Lenders will generally want to understand the equipment being purchased, it's value and what it will be used for. In addition, they will also want to understand your financial position and may require documentation such as financial statements, cash flow projections, and other business information. Generally the equipment itself will serve as collateral for the loan, reducing the need for security over other assets. We can generally get Equipment Finance approved relatively quickly and have a great understanding of the different types of products and documentation required to get your Equipment Finance approved.

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Key Features of Equipment & Asset Finance:

• Improved Cash Flow: Businesses can acquire assets without a large upfront payment, preserving working capital for other needs.

• Access to High-Value Assets: Asset finance allows businesses to acquire equipment they might not otherwise be able to afford, leading to increased productivity and revenue.

• Flexibility: Financing options can be tailored to specific business needs and repayment structures can be adjusted.

• Potential Tax Benefits: In many cases, lease payments or loan interest can be tax-deductible.

• Fixed or Variable Interest Rates: Agreements can offer fixed rates for predictable budgeting or variable rates that may offer cost savings.

• End-of-Term Options: Agreements may include options to purchase the asset at the end of the term.

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We're a proud member of the Mortgage and Finance Association of Australia and can help with Equipment & Asset Finance right across Australia. If you're looking to grow your business, we have the expertise and experience to guide you through the process and make the right choice.