Equipment finance
Finance the asset, secured against the asset
Machinery, commercial vehicles, plant and fit-out. Because the equipment secures the facility, pricing usually comes in below an equivalent unsecured business loan.
The most accessible secured lending for a business without property
Most SME lending in Australia is secured, and most of that security is residential property. If you don't own property, or you'd rather not put the family home behind a business facility, equipment finance is the practical alternative — the asset itself does the work.
That structure means the rate is typically well below an unsecured term loan for the same amount, and approval turns more on the asset and your trading history than on your balance sheet.
What we commonly arrange
Plant & machinery
Excavators, forklifts, CNC and manufacturing equipment, agricultural machinery.
Commercial vehicles
Trucks, prime movers, trailers, vans and work utes, new or used.
Trade & hospitality
Commercial kitchens, refrigeration, coffee equipment, workshop tooling.
Professional & medical
Dental chairs, imaging, practice fit-out, specialist clinical equipment.
Get the structure decided before you order
Chattel mortgage, finance lease and rental have materially different tax and balance sheet consequences. That decision belongs with your accountant, and it's easier to make before the supplier invoice is issued than after.
Business loan cost calculator
Work out the true cost of a facility, including an establishment fee.
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- Total interest
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- Establishment fee
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FAQ
Equipment finance questions
What can be financed?
Most income-producing business assets: excavators and plant, trucks and utes, commercial kitchen equipment, medical and dental equipment, printing and manufacturing machinery, IT hardware and shop fit-out. If it has a serial number and holds resale value, it can usually be financed.
Why is equipment finance cheaper than an unsecured loan?
Because the asset itself secures the facility. The lender has something to recover if the business fails, so the risk premium is lower. That makes it the most accessible form of secured lending for a business that doesn't own property.
Chattel mortgage, lease, or rental?
Under a chattel mortgage your business owns the asset from day one and the lender takes security — generally the most common structure and often the most tax-effective for GST-registered businesses. A finance lease means the lender owns it and you lease it with an option to purchase. A rental keeps it fully off balance sheet. The right answer depends on your tax position — this is a question for your accountant.
Can I finance used equipment?
Yes. Lenders apply age limits that vary by asset class — trucks and yellow goods are often financeable well into their working life, while IT equipment is not. Private-sale purchases are usually fine with a valuation.
How does the instant asset write-off apply?
The $20,000 instant asset write-off is permanent for small businesses with turnover under $10 million. Where the asset qualifies, the deduction can be claimed in the year it is first used or installed ready for use. It interacts with how you finance the purchase, so confirm the treatment with your accountant before you commit.
Finance your next asset properly
Tell us what you're buying and we'll come back with structures and lenders that fit.
Checking your options does not affect your credit score. A credit check is only done if you decide to apply with a lender.