Equipment Finance For Business

What is an Equipment Finance?

Equipment finance is a business financing or commercial lease, allowing business owners to buy new equipment or replace and upgrade the old ones. One can borrow up to 100% of the equipment value over a fixed interest rate and loan term. The equipment in question must be strictly for business purposes. Equipment loan allows one to finance varied business assets, which include:
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

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.

What are the Key Attributes of Equipment Finance?

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

What are the Advantages 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.
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:
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 has been actively serving the businesses of Australia, especially small to mid-level enterprises, start-ups, and new businesses, simplifying their financing issues by facilitating a wide portfolio of business financing solutions including equipment finance. As one of the fastest growing brokerage firms, we connect businesses like yours with credible and vetted lenders across Australia, enabling you to get loan approval along with the best loan terms and interest rates.

What makes us different from the rest? Well, we:

Broc finance strives to see businesses flourish across Australia by gaining access to seamless and hassle-free business financing.

What Our Clients Say

Excellent
Based on 46 reviews
Ajay Kanumuri
Ajay Kanumuri
2024-01-10
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.
Abhishek Chhugani
Abhishek Chhugani
2023-11-02
Wonderful service by Saroj. Took care of my requirements for business loan. Turnaround time from application to disbursement was 2 days.
Atulkumar Patel
Atulkumar Patel
2023-10-26
I don't want to miss this opportunity to say About Saroj Work that he just made it impossible job into possible , I have got loan of 1.5 million event though I have very low credit score . Great work , and highly recommend for any kind of loan issues.
jas singh
jas singh
2023-09-28
Great services, great effort by Saroj.
Michael Banabakis
Michael Banabakis
2023-09-14
Easy to deal with and nothing was a problem!!
Liesel Collings
Liesel Collings
2023-09-05
The broker was super helpful and understanding. He knew I needed the loan in a rush and got me the best deal possible.
Aghar Tefera
Aghar Tefera
2023-07-12
Fantastic service!! Very nice & helpful staff!! I had the best experience and got things done promptly and professionally! Thank you Broc Finance 😊!!
Nejatali Rotivand Ghiasvand
Nejatali Rotivand Ghiasvand
2023-07-07
Very professional and always there to help you
Khanyi Moyo
Khanyi Moyo
2023-07-07
Thank you. This was a great experience with a team that takes time to ask what your needs are then help you find the best deal.
Mai Yang
Mai Yang
2023-05-25
Absolutely wonderful service! Saroj was amazing with keeping us up to date with our loan application which was approved quickly without any hassle. I would definitely recommend Broc Finance!

FAQ's About Equipment Finance

Not necessarily. Both unsecured and secured financing are applicable under equipment finance. The terms and rates will vary in both instances. 

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. 

We will work with you

to overcome approval related hurdles

by getting your asset finance, property finance and unsecured business loans, without the frustrations of the bank process.