AI Business Loans

Equipment & Machinery Finance for Australian Businesses

Equipment finance is a secured commercial loan or chattel mortgage used to purchase business plant, machinery or technology, where the asset itself is the security. Australian approvals are commonly issued within 24 hours.

Loan amount
$10,000 – $2,000,000+
Typical term
1 – 7 years
Approval speed
24 hours
Security
Secured by the financed asset
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Best used for

  • Plant and machinery
  • Manufacturing equipment
  • IT and technology
  • Medical equipment
  • Trade tools
Excavator and machinery at an Australian equipment yard funded with equipment finance
Equipment and machinery finance is secured by the asset, often approved within 24 hours.

Chattel mortgage, lease or rental?

Most Australian businesses buying equipment use a chattel mortgage: you own the asset from day one, the lender registers a security interest on the PPSR, and you may be able to claim GST on the purchase price in your next BAS along with depreciation and the interest component. Leases and rentals keep the asset off your balance sheet and treat payments as operating expenses.

The right structure depends on your tax position, how long you will hold the asset, and whether residual or balloon payments suit your cash flow. Comparing lenders across all three structures on the same profile is the fastest way to see the real cost difference.

  • Chattel mortgage: you own the asset, potential GST and depreciation benefits
  • Finance lease: lower upfront cost, residual payable at term end
  • Operating rental: fully expensed payments, easy upgrade cycles

Low-doc equipment finance

Because the asset secures the loan, many lenders will approve equipment finance on limited documentation for established ABNs, often without full financial statements. Private-sale and used-asset purchases are also fundable, though lenders apply age limits and may require an inspection or valuation.

Equipment & Machinery Finance FAQs

Can I finance used or second-hand equipment?

Yes. Most Australian lenders fund used equipment, including private sales, subject to the asset's age at the end of the loan term and a satisfactory inspection or valuation.

Is equipment finance tax deductible?

Under a chattel mortgage you can generally claim depreciation on the asset and the interest portion of repayments, and may claim the GST on the purchase price in your next BAS. Confirm your position with your accountant.

How much deposit do I need for equipment finance?

Many established businesses obtain 100% finance with no deposit. Newer ABNs, private sales and specialised assets may require a deposit of 10% to 20%.

Other funding options

Unsecured Business Loans

Funding from $5,000 to $500,000 with no property security required, approved in 24 to 48 hours.

Commercial Vehicle Loans

Finance work utes, vans, trucks and full fleets, with same day to 48 hour approvals.

Business Line of Credit

A revolving facility you draw and repay as needed, with interest charged only on the balance you use.

Working Capital Loans

Short-term funding that covers payroll, stock, ATO obligations and supplier gaps while receivables land.

Fast Business Loans

Same day to 24 hour funding for urgent opportunities and unexpected costs, with no manual paperwork.

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