The asset secures itself
Equipment & Asset Finance
Finance the machinery, plant or technology your business runs on, secured against the asset itself, so working capital stays where it belongs.
- Amount
- $10,000 - $1M+
- Term
- 1 - 7 years
- Security
- The equipment being financed
- Funding
- 24 - 72 hours
How it works
How equipment & asset finance works
With asset finance the equipment is the security, which keeps rates lower than unsecured funding and leaves your other assets uncommitted. Repayments run over the asset's useful life, so it earns while it's being paid for.
Structures vary: chattel mortgage, hire purchase or lease, and the right one depends on how you want to treat GST, depreciation and ownership at the end of the term. It's worth a conversation with your accountant, and we'll work to whatever they advise.
Who is it for?
- Trades and manufacturers replacing or adding plant
- Businesses scaling capacity without draining cash reserves
- Operators buying at auction or from a private seller
- Anyone weighing up whether to own the asset or lease it
Common uses
- Excavators, forklifts and yellow goods
- Commercial kitchen and hospitality fit-out
- Manufacturing plant and CNC machinery
- Medical, dental and veterinary equipment
- IT hardware, servers and point-of-sale systems
Questions
Common questions answered
Other options
Explore the rest of our funding
Unsecured term loan
Funding without putting up property
$5,000 - $500,000Secured term loan
Lower cost, longer terms, larger amounts
$50,000 - $1M+Line of credit
Funds on standby, interest only on what you use
$10,000 - $500,000Invoice finance
Get paid now, not in 60 days
Up to 85% of invoice valueBusiness car loan
Vehicles financed on business terms
$10,000 - $250,000Trade finance
Fund the gap between paying suppliers and getting paid
$50,000 - $1M+Development & construction
Funding drawn down as the build progresses
$500,000 - $20M+