Operators of all sizes and types can utilise our specialist lending services to secure workable and cost-effective construction equipment finance. Small sole trader contractors, main contractor companies, sub-contractors, partnerships and family businesses can easily access the right construction equipment finance companies for the best rates and most flexible terms, without a referral.
As specialists in financing for construction machinery, we have accreditation with lenders that focus on this sector and are in a position to offer highly competitive construction equipment loan interest rates.
Securing the lowest interest rate is integral to cost-effective finance and our focus for our customers. Working on an individual and personal basis, we prioritise the specific objectives of the business and structure finance solutions to meet those goals. Achieving expected ROI, working with cash flow, maximising tax benefits, and providing flexible payment schedules.
We handle the entire process of sourcing construction equipment loans to ensure a streamlined, efficient procedure with fast approvals and prompt settlement. Whatever machinery you need, whatever sector you operate in – residential, commercial, industrial, infrastructure, whatever your set-up, speak with us about the construction equipment financing solutions we may provide for your acquisition.
Machinery is essential to the building and construction sector and ensuring units are workable, up to the task, and delivering productivity is vital to keeping the project on schedule for successful delivery.
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Affordable construction equipment loans are available for new and used machines, purchased through authorised dealers, private sales, and at auction. For a quick quote on funding for the machinery you need for your project, contact us and speak with one of our brokers.
Companies operate in a tight margin environment. Any financing has to be acquired with flexibility and workable repayments. We provide financing for the construction industry that is tailored to the operator and the life cycle of the machinery with the lowest rates and negotiated repayment terms.
A wide range of machines may be purchased with a construction equipment loan. These include backhoes, diggers, loaders, cranes, excavators, vehicles, graders, materials handling machines, welding equipment, drilling machines, as well as tools and smaller machinery. We finance machines from leading and emerging brands and manufacturers including CASE, CAT, Volvo, Deere, Komatsu, Kubota and many others.
Affordable construction equipment loans are available for new and used machines, purchased through authorised dealers, private sales and at auction. For a quick quote on funding for the machinery you need for your project, contact us and speak with one of our brokers.
Our guides offer quick comparisons and simple explainers to help you work through the financing process with confidence.
Experience and expertise are highly regarded in the construction sector and operators appreciate our 25+ years in the lending sector, proven track record in achieving competitive rates, and skill in structuring workable construction finance solutions. Fundamental to our capabilities to deliver positive results is accreditation with key construction equipment finance companies. Accreditations across the commercial lending sector, enabling our brokers to effectively match each customer with the most appropriate lender.
The criteria for approval and rates vary with individual lenders. Being in a position to connect with lenders that specialise in the building and construction sector, provides us with the resources essential to achieving competitive construction equipment loan interest rates and tailored solutions.
We utilise the leverage that we have with our lenders to benefit customers through the best rates and flexible repayment terms. Elements which can be critical to equipment loans working with cash flow, achieving ROI, and delivering on objectives.
Second-hand construction machinery is a strong market and a very appealing option for many operators. We assist operators to achieve cost-effective financing on both and used equipment. Our brokers, all based here in Australia, are highly skilled, know the construction industry, know the lending market, and understand the intricacies of business financials.
We handle the complete construction loan process for customers. Sourcing the best offers, negotiating on terms and conditions, and assisting with settlement. Providing a smooth, efficient, and fast application and approval procedure. Services are available Australia-wide with online and phone applications available.
To quickly acquire the machinery you need with finance, give us a call, or apply online.
The basic eligibility requirements for getting approved for construction equipment loans is to hold an ABN, have verifiable ID and provide lenders with financial documentation around the trading position, stability, assets and liabilities of the business. These documents include the annual accounts, tax and BAS returns, bank statements, profit and loss statements, and other financials as requested by individual lenders. Lenders carry out a review of the applicant’s credit profile as an integral part of the application assessment process.
Self-employed and sole traders can be eligible for commercial credit. Depending on the size of their operation, they may be requested to provide docs around their personal financial situation to support their application.
New businesses can struggle to meet the criteria, especially with lenders that have a minimum time of 12 to 24 months trading period for approval. We assist with our no doc and low doc options which allow operators without full financials to get approved for workable construction machinery loans.
To apply, complete the application form and upload docs with one of our brokers. We will handle the sourcing of offers, with many approved within 24 hours. Apply online, apply by phone.
A wide range of categories, makes and models of machinery can be financed with our competitive rate, tailored construction equipment loans. They include excavators, earth moving machines, drilling equipment, cranes, forklifts, loaders, bulldozers, tools, amongst many others. The same credit facilities can be used for all types of machines, both new and used.
The credit facilities available are Rent-to-Own, Commercial Hire Purchase, Leasing and Chattel Mortgage. The choice as to which is best suited to the purchase is dependent on aspects of the business operation. Credit products vary in their suitability to cash and accruals accounting methods; the ownership of the machinery over the term of the loan; how the asset is treated in regard to the balance sheet; how and when tax deductions are realised; treatment of GST; and interest rates.
While opting for the lower rates of Chattel Mortgage and CHP may appear the obvious choice, all aspects of the business objectives should be considered. The credit product is crucial to the financing working towards achieving ROI and the goals of the enterprise.
Our skilled brokers will be sourcing the best offer from across our lender base and structuring your construction equipment loan to best meet your preferences and optimise tax benefits. Balloons, residuals and buybacks are structured in to achieve the most workable repayment schedules.
We secure all credit facilities with fixed rates, over fixed terms of up to 7 years, and with a fixed repayment schedule. Allowing operators to plan other acquisitions and finances with confidence. Packages can be structured for one machine or to finance an entire fleet.
To get your machinery acquisition plans underway, speak to one our brokers about your preferences and our options today.
Need to prepare budgets for new machinery acquisitions? Wanting to compare different makes and models? Get fast construction equipment loan estimates with our online calculator. This device is a must-have for those wanting to prepare for those essential purchases and establish their finance preferences.
It’s free to use and applicable for all credit products and all types of machinery. When the estimate is in your ballpark, contact us for a confirmed quote.
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THE INTEREST RATE IS CALCULATED ON A SECURED LOAN PREDOMINATELY FOR BUSINESS USE, EFFECTIVE 19/09/2024 AND SUBJECT TO CHANGE. WARNING: THE INTEREST RATE IS TRUE ONLY FOR THE EXAMPLES GIVEN AND MAY NOT INCLUDE ALL FEES AND CHARGES. DIFFERENT TERMS, FEES OR OTHER LOAN AMOUNTS MAY RESULT IN A DIFFERENT INTEREST RATE.
Machinery used in construction can be financed with Lease, Hire Purchase, Chattel Mortgage and Rent-to-Own.
Interest rates and other loan conditions can vary for new and second hand machinery loans.
Sole traders with an ABN and meeting lender criteria can be approved for finance for machinery.
Construction machines can be financed over terms of up to 84 months.
Different credit products have different tax benefits. The full monthly payment for Lease and Rent-to-Own is a deduction. With Chattel Mortgage and CHP, only the interest component of the repayment is deductible, with the machine depreciated to deliver a tax deduction.
When the final monthly lease payment is made and the residual finalised, the ownership of the machinery is transferred from the lender to the borrower.
A balloon with Hire Purchase and Chattel Mortgage is due to be paid after the last monthly repayment.
A residual is a percentage of a Lease which is due for finalising at the end of the term.
Registration for GST is not an essential criteria for approval for construction equipment loans.
Commercial credit facilities allow the machinery being financed to be the collateral for the loan. Many applicants will not be required to provide additional security. Subject to lender guidelines.
