Fast, business equipment loans and business finance made easy
We are rated Australia's #1
lender for small business
- Fast
- Easy
- Flexible
Do you qualify?
- Have you been trading for 6 months?
- Do you have $5,000 per month in revenue?
Why choose us?
- Rates from 3.5%
- Equipment loans between $10,000 - $1,000,000
- We use banks then tier 2 & 3 lenders
- No financials needed up to $150k
- 10 minute application
- Approval within 24 hours
- Paid defaults accepted
- No early payout fees
How we have helped small business with their equipment loans and business finance
M & D Transport
With our trucks we need to purchase forklifts to help with the loading of freight. With the balloon payment we can reduce our monthly repayments on our equipment loan.
Lock Change Locksmiths
I needed an equipment loan to purchase the state of the art Ninja Key Cutting Machine. It helps me cut all sorts of keys perfectly every time.
Solar Street Lights Australia
I got an equipment finance loan to to upgrade the crane on one of my trucks. I save money now by not hiring big crane trucks for my jobs.
FAQs
Can the equipment loan be used for personal and business?
Yes. You can claim a lot on your equipment providing you use the equipment more for business than personal use.
What is a balloon payment?
What is the typical size of the balloon payment?
It is usually 30% but it can be less.
What are the benefits of a balloon payment?
Reduced monthly repayments because it is a smaller equipment loan.
Can you refinance the balloon payment once you reach the end of the loan?
Yes. You can also trade the equipment in and upgrade to a newer model
Can I pay my loan out early without an exit fee?
Yes. Some financiers will charge a small exit fee but this is not a significant amount.
What is the typical length of a loan?
5 years. 7-year terms are available if you have a good risk profile
What is chattel mortgage?
The Borrower agrees to borrow money from the Lender to buy goods from the Lender.
If the Borrower defaults on the loan, the Lender has the right to the goods.
What is a hire purchase?
- The Borrower agrees to pay money to the Lender.
- The Borrower hires the goods for a specified period of time.
- The Borrower has an option to buy the goods at the end of the hire period.
What is a finance lease?
A finance lease is like a long-term rental.
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