About Equipment Loans or Asset Finance

Equipment loans or asset finance are perfect solutions if you are looking to purchase new machinery, vehicles, tools or any other equipment for your business. Equipment is a vital asset for any company as it is usually directly related to productivity and therefore, revenue and profitability.

Equipment finance is generally granted with a fixed term when a business purchases equipment, vehicles, or assets.

  • Up to $2 million
  • Up to 5 years
  • Low interest
  • Available for machinery, vehicles, etc.
  • Equipment/asset purchased becomes the security for the loan
  • New and used items can be purchased but are available at different interest rates

What is equipment loans or asset finance: ?

Many businesses need specific equipment to keep their company running; however, they may not have adequate funds to purchase this equipment. This is when equipment loans come in very useful for growing businesses or businesses that simply need extra funds to support their growth or to purchase equipment. This type of loan is used to provide funding for a physical asset, and equipment finance is often secured on the equipment you are purchasing.

Equipment loans or asset finance: benefit

A business is approved for finance that can be used to purchase an asset to run the day to day activities of the business. Revenue is generated while proceeding with the periodic loan repayments, and this allows a positive cash flow outcome to cover the cost of the loan.

Get financing for whatever you need now

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Equipment or asset finance: other benefits

There are different types of equipment finance in the market (chattel mortgage, secured loan agreement, commercial hire purchase, finance lease, capital lease, operating lease, rental agreement), each of them with their specific advantages summarised below.

Repayments can be tax deducted

A deduction for depreciation of the asset could be claimed

(ask your accountant)

Long term repayments can be scheduled

Long term repayments usually suit the business cash flow

No deposit payment

Equipment or asset finance: how to apply

At Every Business Loan we have developed a one to one approach that allows us in 99% of the cases to get the money in our clients’ bank account within 1 day from the application. With our network of 50+ business loan providers, we open credit opportunities for your business.

We help you through the process and we put you in contact with the lender that offers the type and size of business loan that meet your needs. Our partners assist eligible small businesses with equipment finance.

Every Business Loan is the preferred and trusted finance broker for hundreds of small and medium local businesses in Australia. It all starts with an enquiry. Call us 1300 920 905 or click on “get started now” and we call you back to see if you qualify for equipment loans.