Equipment Finance For Business

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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:

  • Equipment (medical, engineering, printing, dental, etc.
  • Machinery (forklifts, excavators, etc.)
  • Vehicles (company cars, trailers, trucks, motorcycles, delivery vans, etc.)
  • Electronics (servers, computers, appliances, copy machines, etc.)
  • Construction and earthmoving equipment, etc.

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.  

Based on 41 reviews
Tajinder Kumar
Tajinder Kumar
2023-05-04
For those seeking a trustworthy and dependable financial broker, I would like to recommend Broc Finance. While their fees may be slightly higher compared to other brokers, I found that their personalized approach made it worth it. Broc Finance took the time to understand my specific needs and goals and tailored their services accordingly. Additionally, their prompt availability to answer any questions or concerns was greatly appreciated. Overall, if you're in search of comprehensive and professional financial advice, Broc Finance is an excellent option to consider.
Darren Woodward
Darren Woodward
2023-04-28
Saroj and his team are excellent in helping , nothing is to hard and communications at the highest level .
Scott Filby
Scott Filby
2023-04-28
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.
Jeshua De leon
Jeshua De leon
2023-04-17
The Broc Finance really helped make our financing needs quick and easy, would 100% recommend them!
Anju Gupta
Anju Gupta
2023-03-02
Excellent service, smooth and fast! Saroj is very efficient, got better rates than market. Thanks Broc Finance.
Brendan Diamond
Brendan Diamond
2023-02-16
Saroj was great to deal! He knew which lender was best for our situation and delivered when we needed it most. Would recommend him sure. Thanks!
Nick Jackson
Nick Jackson
2023-02-09
Saroj and his team were great. Always there to answer any questions. Definitely recommend. 👍
Jacky Zhang
Jacky Zhang
2023-01-17
the irish shop
the irish shop