Equipment Finance Solutions Australia - Low Doc Approvals up to $150k

Understanding Equipment Financing

Equipment financing is a loan or lease specifically for buying business equipment. It lets you finance up to 100% of the equipment’s price, with set interest rates and repayment periods. This option is only for business-related purchases and can cover a wide range of assets:

Medical, engineering, printing, and dental tools.
Machinery like forklifts and excavators.
Company vehicles, computers, electronics, and construction gear.
Second-hand or used equipment.
Construction and earthmoving equipment, etc.

It’s ideal for all business types, enabling affordable updates or additions to your equipment without a huge upfront cost.

Who Can Apply?

To qualify, you need:

An active Australian Business Number (ABN).
To be a tax resident of Australia.
To use the equipment mainly for business.

Broc Finance can guide you to the right loan to get equipment finance in Australia, offering good terms and rates.

What you should know about equipment finance

Have questions? Speak to our experts!

1300 253 041 Contact Us

Business Owner

The business owner can use it to buy new and used equipment (locally sourced or imported). As you can see, the importance and need for equipment finance span across industries. The kind of business applying for financing can be a local printer (printers), a café (cappuccino machine), a dentist (tools of dentistry), or a manufacturing unit (heavy machinery). Equipment finance ensures that the business owner stays within a budget when spending on tools of the trade they need temporarily. It requires a smaller capital investment, unlike buying the equipment upfront.

Eligibility

Have an active ABN for the business
Should be a tax resident of Australia
Equipment to be used fully or predominantly for business purposes.

If you are interested in applying for equipment finance in Australia, Broc Finance can help you connect with the perfect lender, ready to offer you an adequate loan against favourable terms and interest rates. Reach out to our experts for more details on equipment finance in Australia.

Key Features of Equipment Finance

Perfect for businesses seeking flexible financing options to expand business operations and increase productivity, equipment finance has distinctive attributes, such as;

Strictly for Equipment: Finance new tools for your business.
No Deposit: Start without an upfront payment.
Buy or Lease: Choose what's best for your business.
Bad Credit Options: Available even with a poor credit history.
Rate Choices: Pick between fixed or variable rates.
Secured or Unsecured: Options with or without collateral.

This financing is a smart choice for businesses aiming to grow without financial strain.

Benefits of Equipment Finance

Equipment finance has multiple benefits for businesses of all forms and stature. Let’s list a few of them for your understanding.

Improve your Cash Flow: Spread out equipment costs over time.
Access Better Equipment: Afford high-quality tools.
Saves Other Credit Lines: Keep other loans or credits available.
Quick Funding: Broc Finance offers rapid financing.
Supports Growth: Ideal for small businesses and startups.

These above reasons make equipment finance product as one of the most sought-after asset finance solutions in Australia

How to Get the Best Equipment Finance Rates?

The equipment finance rates vary from one business to another. The finance brokers and the lenders usually assess the creditworthiness of the borrower before setting an interest rate. Multiple factors can determine a borrower’s creditworthiness or loan risk. Some of the tell-tale factors influencing the equipment finance rate are:

The total amount the borrower wishes to borrow
Type of machinery or equipment
Whether it will be a lease or a purchase
Whether it is new equipment or used
The trading history of the company applying for financing
Monthly revenue and banking conduct of the borrower
The term of the loan
Business and personal credit history
Whether the borrower has a real estate property backing

For further details on getting the best equipment finance rates in Australia, reach out to our experts at Broc Finance. They will walk you through the needful.

How Broc Finance Can Help You?

Broc Finance stands out as a leading equipment finance broker, committed to propelling Australian startups and SMEs forward. We excel in connecting your business with top-tier equipment finance companies, ensuring you secure the best finance terms and interest rates.

Why Broc Finance?

Personalised Financing: We deliver financing solutions designed specifically for the diverse needs of your business.
Growth and Cash Flow: Our services are crafted to boost your business growth and maintain robust cash flow.
Rapid Fund Access: We guarantee fast funding to meet your urgent financial needs.
Expert Loan Guidance: From application to funding, our experts ensure a smooth loan process.
Inclusive Financial Support: We cater to businesses with varied financial backgrounds, offering support even with low credit scores.

Our mission is to enhance your business’s success and growth by providing streamlined access to comprehensive financing options. Partner with Broc Finance, and let us be the catalyst for your next big leap in business with the right equipment finance solution.

Why should you choose Broc Finance?

In a short tenure, Broc Finance has helped Australian businesses, especially the SMEs to secure diverse financing options and facilitate the same via credible lenders. We have a robust network that comprises the top lenders in the country. Our accessibility to varied business loans makes it easy for businesses to get the kind of financing that’s best suited for them.

Tailor made options

Being a small business owner, many of our clients are not sure of right loan product for their businesses. Our lending specialists understand their needs and recommend tailor made options.

Personal Consultation

Unlike business loan marketplace websites which use AI based algorithms to match your requirements, we provide obligation free personal consultation as every business is different and an AI based algorithm may not provide them the optimum solution.

Competitive Pricing

We endeavour to achieve the optimum business loan solution for our clients at the most competitive pricing possible.

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.

55+ customer reviews

5.0

Niteesha Nagowah

We had an incredible experience working with Saroj from Broc Finance. He is incredibly knowledgeable, responsive, and guided us through the purchase of our company vehicle with expertise. The attention to detail and commitment to finding the best possible options truly set him apart. Highly recommend his services for anyone navigating the complexities of obtaining a finance. Thank you again for outstanding assistance.

Manpreet Kaur

Our sincere thanks to Saroj ji & his team for their invaluable assistance in securing the loan. We are extremely greatful for his exceptional service & support throughout the process. Highly recommend!

Matthew

Broc Finance were awesome…really responsive and solutions focussed. We especially appreciated having a broker who was an advocate for our interests when engaging with lenders.

Ibrahim Alpay

Saroj and his team is amazing have been using him for business funding for over a year he has found surprising solutions when others couldn’t make it happen very skill full with negotiating high loan amounts that I would never expect at wonderful terms and rates look no further I recommend broc finance for your business lending purposes look no further and don’t think twice much appreciated won’t go to any other broker at all many thanks to his team !!!!!!

vishal srivastava

We have used Broc Finance over last 2 years for various business line of credits and vehicle loan. Broc finance have been very professional in this journey. They have understood our needs as business and catered the solutions as per requirement . They look around in market and get one the best financial solution for the business be at vehicle of line of credits . I would strongly recommend the business for there services

Nasir sabiry

Thank you very much in helping me with financing a car SAS. You have been very professional and responsive every time I needed information. Fully recommend to any looking to finance a car.

Ajay Kanumuri

I would strongly recommend. Saroj Shah helped to get my loan with in span of three days. He was very supportive and clearly explained the loan process.

Scott Filby

Excellent experience with the service of Saroj! He did all the hard work and helped me find what I required. Saroj offered excellent suggestions and went the extra mile with his advice, which won my respect and helped in achieving the outcome required.

Have questions? Talk to a specialist!

Read our FAQs 1300 253 041

What loan are you looking for?

Tell us about yourself

Can't remember? Find it here

Frequently asked questions

Not always. Some loans, especially smaller amounts or for people with really good credit histories, don’t require security. But for bigger amounts or if the risk is higher, lenders usually ask for it.

1. Chattel Mortgages

A chattel mortgage is a common choice for securing equipment loans. Here, the equipment or machinery being bought serves as the security. Even though the borrower gets the equipment right away, the lender has a claim on it until the loan is fully paid. This setup helps borrowers use the equipment they need while still providing assurance to the lender.

2. Guarantees

With a guarantee, a third party steps in to back the loan. This could be a business owner or another company related to the borrower. They promise to take over the loan payments if the original borrower can’t pay. This extra promise gives lenders more confidence, knowing there’s another source of repayment.

3. Pledges

Pledges are like chattel mortgages, but the assets used as security can be anything valuable—not just the equipment being financed. This could be stocks, other machinery, or real estate. It’s a flexible way for borrowers to secure a loan, using various assets they own.

4. Liens

A lien gives the lender a legal claim to the borrower’s property until the debt is paid. In equipment financing, this could apply to the financed equipment or other assets the borrower owns. It’s a legal assurance that the lender can recoup their funds if necessary.

5. Security Agreements

Security agreements are contracts that spell out the security details. They list the collateral, when the lender can take it, and the rights of everyone involved. These agreements are vital for chattel mortgages and pledges, ensuring there’s a clear legal basis for the security.

All businesses require equipment in some form or another. It can be even the laptop you are working on. So, all businesses can benefit from equipment finance.

Yes, with Broc Finance by your side you can get equipment finance with bad credit. We will make sure to find a compatible lender ready to offer you the best terms and rates.

Yes, equipment finance can be used to upgrade the existing equipment of the company. Reach out to our experts for more details.

Equipment Finance For Business