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Equipment Finance
- Construction
- Farm Equipment
- Manufacturing
- Hospitality
- & Others
Commercial Equipment Loans from Loading…
New equipment doesn’t come cheap, and paying cash upfront ties up money you need for everything else the business runs on.
Equipment finance lets you get the machinery, vehicles, or tools you need now and pay them off over time, so you keep cash on hand instead of sinking it into one big purchase.
Whether it’s construction gear, farm equipment, medical, hospitality equipment, or plant and machinery for manufacturing or anything else, we compare 40+ lenders to find you a rate and structure that actually fits your business.
Loans Unlimited were voted best commercial brokerage 2026 by Fintelligence – you can trust we will get your equipment finance sorted.
Understanding Equipment Loans
Equipment finance is secured against the equipment you’re buying, the asset itself is the collateral, not your property or other business assets. That’s what gets you lower rates and longer repayment terms than an unsecured business loan.
What Are the Benefits?
Financing your equipment does more than get you the gear. Here's what it means for the business.
Preserve Cash Flow
Spread the cost of new equipment instead of draining your working capital, so you've got cash on hand for day-to-day running and the unexpected.
Up-to-Date Technology
Get the latest equipment now instead of waiting to save for it outright. Newer gear means better efficiency and a real edge over the competition.
Tax Advantages
Interest and depreciation on financed equipment can often be claimed as a business expense. Check with your accountant on what applies to you.
Flexible Payment Options
Repayments built around your business, including seasonal plans, so cash flow stays steady even through the quieter months.
How to Choose the Right Equipment Loan
Selecting the right equipment loan requires careful consideration of several factors:
Assess Your Equipment Needs
Identify the type of equipment your business requires and its impact on your operations. Understand whether it’s more cost-effective to buy new or used equipment based on your budget and business needs.
Compare Loan Providers
Shop around to compare different lenders and financing options. Look at the interest rates, loan duration, fees, and down payment requirements. Also, consider lenders who specialize in your industry as they might offer better terms or additional guidance.
Consider the Total Cost of Ownership
When evaluating financing for equipment, include the total cost of ownership in your calculations. This includes maintenance, repairs, insurance, and operational costs.
Read the Fine Print
Carefully review the T&Cs of the loan agreement. Pay attention to any clauses about early repayment penalties, default consequences, and insurance requirements.
Applying for an Equipment Loan
The application process for an equipment loan is straightforward but requires preparation:
1. Prepare Documentation
Gather your business financial statements, tax returns, and a detailed quotation for the equipment you intend to purchase.
2. Apply
Submit your application through the chosen lender, providing all necessary documentation and information about your business and the equipment.
3. Review and Accept the T&Cs:
Once approved, review the loan terms carefully before accepting. Make sure they align with your business goals and financial capabilities.
Equipment loans are an effective tool for businesses looking to upgrade or expand their operational capacity without compromising their financial health. By choosing the right loan, businesses can not only enhance their operational efficiency but also position themselves for sustainable growth and success.
Fintelligence Awards 2026 - Best commercial Brokerage
We are consistently awarded the best to deal with from our commercial partners.
We have helped thousands of business across Australia achieve their financial goals.
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FAQS
Is equipment loan a liability?
Yes, it sits on your balance sheet as a liability until it’s repaid. The equipment itself usually counts as an asset too, so check with your accountant on how it’s structured for depreciation and tax.
What are examples of asset financing?
Equipment and machinery loans, vehicle and fleet finance, chattel mortgages, hire purchase, and finance leases. Basically any loan where the physical asset backs the finance, rather than your general business credit.
What are typical terms for equipment financing?
Most run between 2 and 7 years, depending on the asset and how much you’re borrowing. Match the term to how long you’ll actually use the equipment, longer terms mean smaller repayments but more interest overall.
What credit score is needed for equipment?
There’s no single number, it depends on the lender, the loan size, and whether it’s secured against the equipment. Businesses with lower scores can often still qualify, sometimes at a higher rate or with a bigger deposit, which is why comparing lenders matters.
What is equipment financing?
A loan that lets you buy business equipment, machinery, or vehicles without paying for it outright. The asset usually secures the loan, so you repay it over an agreed term instead of tying up cash in one big purchase.
What is the average interest rate on an equipment loan?
It varies a lot by lender, asset, credit profile, and whether it’s new or used. Rather than quote a number that won’t hold up, we compare 40+ lenders to find the actual best rate for your situation.
What type of finance is equipment?
A form of asset finance, secured against the equipment you’re buying rather than your general business assets. That’s what usually gets you a lower rate and longer term than an unsecured business loan.