Equipment Finance
An Equipment Loan provides funds for your business to purchase new machinery, vehicles, tools, or any other equipment you may need. Also known as asset finance, this type of loan is generally secured against the value of the physical asset you plan to purchase.
- Loans upto to $2 million
- Typically, less documentation required
- Repayment terms up to 5 years
- New and Used items can be purchased
Equipment Finance : Eligibility Criteria
Lending criteria may vary lender to lender, so we take the time to understand what your business needs. Eligibility criteria is subject to each individual lender, as well as the type of equipment you’re financing and your business type. Finance options may differ depending on whether you intend to purchase or lease the equipment.
- 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
