Equipment Finance
Equipment finance for Australian businesses
Equipment finance lets a business acquire income-producing equipment and pay for it over time, rather than tying up working capital. It covers tools and machinery for the trades, plant for construction and earthmoving, vehicles used as equipment, fit-outs, medical and dental gear, IT and office equipment, and manufacturing plant. Alpha390 Finance is a Brisbane-based broker arranging equipment finance for businesses Australia-wide, from sole traders buying a first machine to companies renewing a fleet of assets.
What you can finance
- Tools, trade equipment and workshop machinery
- Construction and earthmoving plant — excavators, loaders, compactors, attachments
- Trucks, trailers and vehicles used in the business (see business car finance for cars and utes)
- Forklifts, materials handling and warehouse equipment
- Agricultural machinery and tractors
- Medical, dental, veterinary and allied-health equipment
- Hospitality, retail and office fit-outs
- IT hardware, software bundles and telephony
- Manufacturing and packaging plant
New or used, from a dealer or a private seller. Lenders assess used equipment on its age, condition and resale value, so tell us what you are buying and we will place it with lenders who consider that asset.
How equipment finance is structured
- Chattel mortgage — you own the equipment from day one; the lender holds a mortgage over it. Commonly used by GST-registered businesses; the tax treatment depends on your situation, so confirm it with your accountant. See our chattel mortgage page.
- Commercial hire purchase — the lender owns the equipment until the final payment, then ownership passes to you.
- Finance lease or rental — the lender owns the equipment; you use it for the term with fixed payments and can offer to buy it at the end.
- Balloon or residual — an optional lump sum at the end of the term that lowers the regular repayment.
Which structure suits you depends on ownership, cash flow and your tax position. This is general information, not tax or credit advice.
Equipment finance for ABN holders and low-doc options
Most equipment finance is written to an ABN or company. If you do not have two years of financials, low-doc equipment finance may be available: lenders can assess an application on your ABN and GST registration, recent business bank statements and an income declaration, depending on the lender, the equipment and the amount. Newer ABNs still have options. Ask us what the lender will need before you apply.
What lenders look at
- The equipment: what it is, its age and condition, and how readily it could be resold
- Your business: ABN and GST registration, time trading, and industry
- Serviceability: income or bank statements showing the repayment is affordable
- Credit history of the business and its directors
- Deposit or trade-in, if any — not always required, but it reduces the amount financed
How it works with Alpha390 Finance
- Tell us the equipment and your business set-up. What you are buying, roughly how much, and whether you are a sole trader, company or trust.
- We compare the panel. One enquiry; we match the structure and the lender to the asset and your cash flow.
- Approval and settlement. We handle the paperwork with the lender and the supplier, and tell you the expected timeframe up front.
Prefer to talk it through? Request a callback and we will call you back.
Related: ABN car finance · Business car finance · Chattel mortgage · ABN loans for equipment guide
Why choose Alpha390 for equipment finance?
- High Approval Rate
- Fast and Easy Loan Process
- Lowest Possible Interest Rate
- Less Document and Less Time Consuming Paperwork
- Customized to Suit Your Personal Circumstances
- Employed or Self-Employed - We Can Help
- Previous Credit Challenges / Defaults? We Can Still Help!
*Lowest Possible Interest Rate and Payments*
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Equipment Finance FAQs
Straight answers from our finance team on financing business equipment.
What types of equipment can I finance?
Most income-producing business equipment can be financed — excavators, trucks and trailers, forklifts, tractors and farm machinery, medical and dental gear, IT and office fit-outs, and manufacturing plant. If the asset helps your business earn, there's usually a lender on our panel who will fund it.
Can I finance equipment through my ABN or business?
Yes — most equipment finance is written to an ABN or company. Many lenders will consider newer ABNs and low-doc applicants, using bank statements or BAS instead of full financials. Financing through the business also opens up structures like chattel mortgage and hire purchase.
What is a chattel mortgage for equipment?
A chattel mortgage is a common business equipment structure: the lender advances the funds, you own the equipment from day one, and the loan is secured against it. It can offer GST and depreciation benefits and an optional balloon to lower repayments — your accountant can confirm what applies to you.
Can I finance used or second-hand equipment?
Yes. Used equipment is assessed on its age, hours and condition, and private-sale purchases are common in equipment finance. Older or specialised assets may attract a shorter term or a slightly higher rate, so we match the deal to the lenders comfortable with that asset type.
Are there tax benefits to financing equipment?
Often, yes. Depending on the structure and current rules, businesses may claim GST, depreciation or interest, and instant asset write-off provisions can apply to eligible assets. The benefit depends on your circumstances, so confirm the specifics with your accountant before you commit.
