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

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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.

106+ customer reviews

5.0

Chi Morris

Dear Sas, I want to express my heartfelt gratitude for your efficiency and the exceptional support that you have provided in helping me meet my business needs. It was always easy to deal with you and you were always available to answers every question. I was also quite impressed by your professionalism and efficiency which were quite exceptional. Thanks for going above and beyond to deliver an outstanding service. I look forward to working with you again in the future.

Toni Speakman

I don’t usually post reviews on the internet, but I feel compelled to write one about our recent experience with Broc Finance. In particular, we’d just like to thank and recommend Neeraj, who has been extremely professional, quick to get back to us regarding information and has exceptional easy-going language so we could understand what was happening and what we needed to do. He endeavoured to get the help we needed in a very short amount of time and the funds were in our account within 2 weeks of applying. Neeraj managed to secure our loan at a much lower interest than the big banks and we would recommend Broc Finance - especially Neeraj, to anyone who is seeking financial assistance away from the big greedy banks. This is the 2nd time we’ve used this service, and it won’t be the last. Thank you.

Ibrahim Alpay

I highly recommend Saroj to anyone needing business funding. He’s helped me multiple times with fast and efficient service, securing higher than-expected loan amounts each time. Excellent experience!

Min Wilson

The team delivered a well structured and highly supportive service that made the financial process feel streamlined and well governed. Each step was clearly defined, proactively explained. The overall outcome felt both efficient and value-aligned.

shephali jain

very professional and knew what we wanted and gave us the best services. we happy with Saroj service and he knew what he was providing and alway on the phone when we need him . thanks for a smooth professional deal.

Deepesh Parikh

Saroj knows his business. To the point guidance, everything from start to finish was as expected and confirmed by him. Always recommend him for sorting it your personal or business finances. Thanks a lot for all your help Saroj.

Mugdha Chandekar

A Trusted Partner in Commercial Finance I had the pleasure to discuss with Broc Finance on a complex commercial mortgage transaction, and I can confidently say they are the experts and professinals in this space. If you're looking for a commercial mortgage broker who brings clarity, integrity, and genuine commitment to the table, Broc Finance is the one to call. Highly recommended for any business owner seeking tailored financial solutions.

Tabitha Pomente

Working with Saroj and the Bronc Finance team has been an incredible experience. Their professionalism, knowledge, and support throughout the process have been outstanding. I couldn’t be happier with the service and results — 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