Equipment & Machinery Finance
Earthmoving, agricultural, workshop, medical, hospitality and other business equipment, new or used. Tell us what your business needs and we'll pass your enquiry to a licensed finance broker who works with a range of lenders. It takes about 60 seconds and there's no credit check to enquire.
- No credit check to enquire
- Free to enquire, with no obligation to go ahead
- A licensed broker calls you, usually within one business day
Check my eligibility
About 60 seconds. No credit check to enquire.
Who we help
- Construction and earthmoving businesses: excavators, skid steers, loaders, rollers and attachments
- Farmers and agricultural businesses: tractors, headers, sprayers and hay equipment
- Workshops and manufacturers: hoists, CNC machines, compressors and fabrication equipment
- Health and beauty practices: dental chairs, imaging equipment, salon and clinic fit-outs
- Warehousing and logistics: forklifts, racking and materials-handling equipment
- Self-employed with tax returns not ready: low-doc options for established ABN holders
How equipment finance works
Most equipment finance is secured against the equipment itself, which is why it's often more accessible than an unsecured business loan. The main structures are:
| Structure | Ownership | Tax treatment (general) |
|---|---|---|
| Chattel mortgage | Your business owns it from day one | Interest and depreciation claimable for business use. GST credit may be claimed upfront if you're GST-registered. |
| Finance lease | The financier owns it during the lease | Lease payments are generally deductible. Option to pay a residual and keep it at the end. |
| Hire purchase | Passes to you after the final payment | Generally treated similarly to a purchase for tax. Check with your accountant. |
| Low-doc chattel mortgage | Your business | Same as a chattel mortgage, but assessed on BAS, bank statements or an accountant's letter instead of full financials. |
Tax points worth knowing
- Instant asset write-off: small businesses with aggregated turnover under $10 million can generally write off eligible assets costing less than $20,000 each in the year they're first used or installed. The $20,000 threshold was made permanent from 1 July 2026.
- GST: with a chattel mortgage, a GST-registered business can usually claim the GST on the purchase price in its next BAS, subject to ATO rules.
- Interest: interest on a loan used to buy business equipment is generally deductible for the business-use portion.
These are general points only. Your accountant can tell you how they apply to your business.
What lenders look at
Lenders usually consider how long the business has traded, GST registration, recent BAS or financials, the equipment's type and resale value, and whether it's new or used. Specialised equipment with a thinner resale market may need a deposit or a stronger business history. Owning property can also widen the lender options for newer businesses.
How it works
- Tell us what equipment you need and about your business in the short form below.
- A licensed broker calls you, usually within one business day, to talk through your options.
- If it suits you, they handle the application with a lender that fits your circumstances.
What you'll usually need
- ABN details, and GST registration if applicable
- Recent BAS, or tax returns and financial statements
- For low-doc: business bank statements or an accountant's letter
- Equipment details: supplier quote or tax invoice, or seller details for a used item
- Details of existing business debts and equipment finance
Every lender has its own criteria, so your broker will tell you exactly what's needed for your situation.
Equipment finance guides
- What is a chattel mortgage and how does it work?
- Using an accountant's letter for low-doc equipment loans
- Low-doc loans for builders and construction companies
- Tower crane finance for builders and civil contractors
- How low-doc loans work for seasonal businesses
- How BAS statements affect your application
- Low-doc loans for cars, utes and vans
Common questions
Can I finance used equipment?
Often, yes. Many lenders finance used equipment from dealers, auctions and private sellers. They may look more closely at its age, condition and resale value, and could ask for a valuation.
What is low-doc equipment finance?
It's finance for established ABN holders who don't have up-to-date tax returns. Instead of full financials, lenders rely on things like BAS, business bank statements or an accountant's letter. It may come with a higher rate or a deposit requirement.
Can I use the instant asset write-off on financed equipment?
Generally, yes. If your business is eligible and the asset costs less than the threshold, financing it doesn't stop you claiming the write-off. Check the details with your accountant.
Can a new business get equipment finance?
Possibly. Some lenders consider newer businesses, especially where the owner has industry experience, a deposit or property ownership. Your broker can tell you which lenders are realistic.
Does enquiring affect my credit score?
No. Filling in our enquiry form isn't a credit application. A credit check only happens if you choose to go ahead with an application through the broker.