Used Equipment Finance Options & Loans

What are Used Asset and Equipment Financing?

Financial stability is the lifeline-blood of any business. However, establishing and maintaining it can be harder than one anticipates during economic volatility. Enterprises, especially the ones belonging to the small and mid-level sector, often fall short of finances, or a sudden cash-flow deficit might create a financial emergency. During such times, the business owners can rely on used asset and equipment to fund their growth.

If you are seeking used asset and equipment finance from a reliable lender, we can help! Broc Finance is one of the fastest growing finance brokers in Australia, with more than a decade of management experience serving business owners of small and mid-level enterprises to acquire funding. We can facilitate the used asset and equipment finance through 50+ lenders who specializes in asset financing.

What you should know about Used Asset and Equipment Finance

Have questions? Speak to our experts!

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Can Used Asset and Equipment Finance Boost Business Growth?

Business owners seeking growth often shy away from making necessary investments or expenses towards the same over financial concerns. Growing your business by acquiring used asset and used equipment is a good way to manage once cash flows. It does not require one to stretch out the company capital with an already cash-flow gap.

On the contrary, the sudden boost of cash flow through deployment of assets acquired through used asset and equipment financing can give your business much needed growth. With the finances taken care of, the business can improve the infrastructure, upgrade it to attract more clients, hire new people to increase productivity, and likewise.

What are the Advantages of Used Asset and Equipment Finance?

If you are thinking of the benefits, there is more than one that you can enjoy by accessing used assets and equipment finance.

It gives you fast access to financing even with bad credit history and minimum documentation because you are pegging your assets and used equipment to secure the finance.
There are no upfront costs associated with this kind of loan, you can take the loan up to 7 years and choose to pay weekly/fortnightly or monthly.
You can claim depreciation as well as the funding is tax-deductible.
It gives your business way to fulfill new contracts with limited investment and assist them in getting right back on the track with growth, development, and profits.

Used asset and equipment finance is flexible and suitable for all kinds of enterprises. Anyone from a registered company and a contractor to a sole trader can access funding without any restrictions on trading time.

Why choose Broc Finance for business success?

Competitive terms

We work in the best interest of our customers by getting them a business loan on most competitive terms.
- Complex deal structuring and presentation
- Team of qualified chartered accountants, CPA and finance brokers are missing.

Small business specialists

With over 15 years of experience in small business financing, we facilitate customized business financing solutions for small businesses from a suite of 90+ lenders.

Customer satisfaction

Our client testimonials speak for our service. Please feel free to view our customer reviews.

Clear communication

We understand the essence of time so don’t believe in wasting our customers time by giving false hopes. Transparent and clear communication is in our DNA.

Real results with real people.

80+ customer reviews

5.0

John Christian

Broc Finance were a pleasure to work with. Saroj took the time to understand the purpose for the facility and my business. In doing so, he secured exactly what I wanted, quickly and at a very competitive rate. I’d recommend Broc Finance to anyone looking for a finance facility who wants to work with a broker who can provide that personal experience that the Big-4’s just don’t offer. Great experience!! I look forward to working with Broc Finance in the future.

Milan shrestha

I had an outstanding experience working with Aditya and Saroj( Broc Finance)! From start to finish, the process was seamless, professional, and stress-free. They took the time to understand our needs and provided us with a range of options that suited. Their communication was clear, prompt, and transparent, making the entire process straightforward.

rupali bibra

Our company had an amazing experience with this company. We are so pleased with the service received from Mr Saroj. He went above and beyond to help us get out of the situation. We would highly recommend Mr Saroj who has wealth of knowledge and experience. His expertise in the finance industry assisted us to gain that financial freedom. Our case wasn’t easy and straightforward and took long six months to achieve our goals . Thanks for all the hard-work and patience while assisting us. Communication was so concise and clear . Always proactively communicating with us . Overall it was 7 star service .

Prarthana Moses

Had the pleasure of working with Aditya to secure a line of credit, and I couldn’t be more impressed with his service. From the very beginning, Aditya was professional and attentive, ensuring that I got the best possible rate and terms. He guided me through the entire process, helping with all the necessary requirements and addressing any queries I had in a timely manner. His patience and support made the journey much easier and stress-free. I highly recommend Broc Finance for anyone looking for financial assistance – they truly go above and beyond!

David Maree

Outstanding service from the Broc Finance team. All questions promptly answered and overall a no fuss experience. Required outcome achieved in less than 48 hrs.

Vivian Escudero

Exceptional service from start to finish! The team was fast, responsive, and made the entire process seamless, ensuring I felt supported every step of the way. I couldn’t recommend highly enough!

Mario Tadic

Sas was amazing, we received a great deal. He made the process so easy. Highly recommend.

Mathew John

Saroj and Aditya and the company are very professional and they have access to various lenders and institutions. It’s a one stop shop for all your financial needs and the speed, commitment and service is next level . Highly recommended

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Frequently asked questions

The amount varies from one business to another depending on multiple factors. It is best if you have an initial consultation with our team since there is no generic to the limit of asset and equipment finance. We will assess your case and give you the specifics.

The interest rate tends to vary in each case. So, we recommend that you consult with our experts on the matter for more clarity.

Since you are already pegging the used asset and equipment against the loan amount as collateral, your chances of accessing the funding with a bad credit score increases.

Generally, the lenders can look up to 20 years old assets (including loan term), however there are few lenders who can look beyond on case-to-case basis.

Used Asset and Equipment Finance

No Doc and Low Doc funding up to $250k

No age restrictions

Fast access to funding within 24 hours

Loan term up to 7 years