Manufacturing & Workshop Machinery Finance
CNC machines, lathes, press brakes, welders, forklifts and workshop gear. Tell us what you're buying and how your business runs, 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
- Fabrication and engineering shops: adding a press brake, guillotine, plasma or laser cutter
- Machine shops: upgrading to a CNC mill or lathe, or adding a second spindle
- Joinery and cabinet makers: buying CNC routers, edge banders and panel saws
- Automotive and mechanical workshops: financing hoists, compressors and diagnostic gear
- Manufacturers: financing forklifts, spray booths, dust extraction or production lines
- Businesses importing machinery: or buying second-hand from another workshop
How lenders look at workshop machinery
Workshop equipment ranges from very general (forklifts, compressors, welders) to highly specialised (a large CNC machining centre or injection moulder set up for one job). General-purpose gear with a ready resale market is easy for lenders to be comfortable with. Specialised machines are financed regularly, but lenders may want more information about the machine and your business, and some prefer a deposit. Other things that matter:
- New vs used: new machinery from a supplier is the simplest. Used machines from a dealer, private sale or auction are often financed, though a lender may want a valuation and a PPSR check.
- Imported machines: buying from overseas can involve deposits, freight and installation. Talk to a broker early about whether a lender will fund deposits or progress payments.
- Installation and tooling: some lenders will include delivery, installation, tooling and software if they're on the invoice. Others only finance the machine.
Which structure fits
| Chattel mortgage | Finance lease | Hire purchase | |
|---|---|---|---|
| Ownership | Your business owns it from day one | The lender owns it, and you use it | The lender owns it until the last payment |
| Suits | Machines you'll keep for their working life | Gear you'll upgrade as technology moves on | Businesses that want ownership at the end |
| Tax | Interest and depreciation, with GST credit upfront if registered | Lease payments generally deductible | Confirm with your accountant |
Smaller items like welders, drill presses or compressors may come in under $20,000 each. Small businesses with turnover under $10 million can generally write those off immediately under the instant asset write-off. Larger machines are depreciated over time.
How it works
- Tell us about the machine and 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, with how long it's been registered and your GST registration status
- BAS and business bank statements (tax returns and financials for full doc or larger amounts)
- A supplier quote or tax invoice, including any installation, tooling or software
- Machine details: make, model, year, serial number and hours if used
- Details of existing equipment finance and, if useful, the work the machine will take on
Every lender has its own criteria, so your broker will tell you exactly what's needed for your situation.
Manufacturing and equipment finance guides
- What is a chattel mortgage and how does it work?
- Using an accountant's letter for low doc equipment loans
- How GST affects finance for businesses
- How BAS statements affect your application
- How brokers help with low doc business loans
- Equipment finance hub
Common questions
Can I finance a used CNC machine?
Often, yes. Lenders may want a valuation, photos or an inspection, and confirmation that nothing is owing on the machine. Age and condition affect the term a lender will offer.
Can installation and tooling be included?
Some lenders will include installation, tooling and software if they're on the supplier's invoice. Others only finance the machine itself, so check with your broker before you place the order.
Should I lease or buy?
It depends on how long you'll keep the machine and how your accountant wants it treated. Buying through a chattel mortgage suits gear you'll run for years. A lease can suit equipment you expect to upgrade.
Can I get finance for a machine I'm importing?
Some lenders will, but deposits and progress payments to overseas suppliers need careful structuring. Speak to a broker before you commit to the supplier's payment terms.
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.