Not only. Because the equipment itself secures the loan, lenders weigh the asset's value and your business's trading position alongside your credit file, rather than relying on a personal credit score the way an unsecured personal loan would. This can help newer businesses or those with a less-than-perfect credit history still get a competitive result. Every application is still individually assessed and pre-approval is never guaranteed.

Yes. Used equipment is generally assessed on age, hours and condition, and often carries a higher rate and a larger deposit requirement than new equipment. New equipment purchases are usually the more straightforward, lower-deposit option, though used deals settle regularly through our lender panel.

Yes. We finance dealer purchases, private sales and auction buys. Private sales need the title and any existing finance on the asset verified before settlement, and auction purchases are bought as-is with no dealer warranty, so lenders look closely at condition. For auction-specific guidance, see our dedicated auction finance page.

Yes. Specialist lenders can assess on the asset, your trading history and industry experience rather than requiring years of trading, which is how many sole traders and newer operators secure pre-approval.

Yes. Refinance and sale-and-leaseback can release equity from equipment you already own, a crane, forklift or manufacturing plant, to lower your rate or fund the next purchase.

A chattel mortgage gives you ownership from day one and the GST benefit upfront. Hire purchase spreads ownership over the term. A lease keeps the equipment on the lender's books with set payments and an optional residual. We match the structure to your tax position and cashflow.

Heavy equipment is not subject to the ATO's passenger car depreciation limit, so the full purchase price can typically be depreciated as a business asset, and a chattel mortgage lets you claim the GST upfront. Confirm your own position with your accountant, as depreciation rules depend on your business structure and the asset.

Yes. Seasonal and project-based structures are common for businesses whose income runs against a contract cycle or busy season rather than evenly month to month. The lender panel includes options that build repayments around how your business actually flows.

Pre-approval typically comes back inside a business day. Settlement happens once you have signed contracts and any final lender conditions are met. Specialist lenders read business income and trading history directly, so they move faster than major banks.

An active ABN, recent BAS or bank statements, and the details of the equipment you are financing. We will confirm exactly what your lender match needs after a quick call.