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Construction Equipment Loans | Business Finance Australia
Main contractors, sub-contractors, sole traders and large corporations can access our services to achieve lower interest rates on their machinery funding. We specialise in commercial lending to the building sector, providing a thorough and detailed service to source funding to meet ROI expectations, deliver productivity gains and work with cash flow.
This won't affect your credit score
Find the Best Interest Rates
Compare Interest Rates on Construction Equipment Finance
Lower rates are the base from which we structure affordable, cost-effective funding solutions. Our vast coverage of the lending market and our leverage with individual lenders enables us to achieve lower interest rates across the range of credit facilities. Rates can vary depending on the details of te machinery and the applicant. Use the displayed rates for planning purposes and contact us for a no obligation quote on the low rates we can achieve for your acquisition.
| Loan Product | Interest Rate | Monthly Repayment |
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Disclaimer: The comparison rate displayed is calculated for a loan of $30,000 over 5 years. The results from this calculator should be used as an indication only. Quoted repayments are based on advertised rates and do not include lender fees and charges. Results do not represent either quotes or pre-qualifications for a loan. The specific details of your loan will be provided to you in your loan contract. It is advised that you speak with us so that we can provide you with advice that is tailored to your situation.
Today's best rate
Finance Equipment From
4.99 % Fixed
* The interest rate is calculated on a secured loan for commercial use, effective 16/05/2024 and subject to change. Warning: the interest rate is only true 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.
Today's best rate
Finance Equipment From
4.99 % Fixed
* The interest rate is calculated on a secured loan for commercial use, effective 16/05/2024 and subject to change. Warning: the interest rate is only true 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.
Experts to Source Tailored Financing
Get Professionals to Source Targeted Loans for Construction Equipment
Credentials, qualifications and experience are essential and highly valued in the building industry. The same applies in the commercial lending sector and we have these covered. Over 20 years of experience including specifically in building sector funding; highly qualified brokers; and accreditation with more than 80 lenders.
The accreditations facilitate our ability to source the right lenders to suit the individual profile, industry and specifics of each client. The experience has given us the leverage to negotiate on lower rates and more amenable terms and conditions. The qualifications and expertise along with our use of smart technology enables our brokers to target funding strategically and with acute financial acumen, to meet specific client objectives.
Our brokers target lower rates to deliver lower overall expenditure on asset investments. Target the term and balloon to deliver lower repayments that won’t pressure cash flow and will deliver productivity improvements. Target the conditions to ensure the credit commitment doesn’t place undue stress on the operation. Target the latest tax rulings to ensure clients receive maximum tax benefits on their investment.
Whether working on residential, industrial or commercial projects, as a self-employed contractor, SME or a large corporate concern, all operators can utilise our professional, expert services to achieve targeted, workable funding for machinery.
- Australian company, 20+ years experience.
- Specialist expertise in construction equipment financing.
- Highly credentialled, sharp, strategic, financially astute brokers.
- Member FBAA, Licensed Credit Providers.
Exclusive Deals from Specialist Lenders
How to Access Specialist Lenders for Construction Equipment Loans
Rates, approval criteria, terms and other conditions vary with different lenders. Connecting with lenders that specialise in lending to the building sector can be vital in achieving the most cost-effective outcome. We provide clients with access to more than 80 lenders to ensure they connect with the lender that is best suited to their specific requirements.
Our lenders include the major banks but also non-bank lenders that specialise in certain industries, including building. Working with lenders that understand what a skid steer is, know the difference between cranes and cherry pickers and know what clients mean when they are buying a CAT, may make the entire funding process more successful.
We handle the connections and the negotiations to streamline the procedure and save clients the challenges of finding the lender that will make them the best offer. Our services are available to operators across Australia and to all sized firms.
- 80+ Lenders
- Specialist construction sector finance lenders
- Australia wide services
Tailored Construction Equipment Loans for Every Setup and Strategy
Types of Loans for Construction Equipment to Suit All Set-ups and Strategies
The type of set-up and the strategies to balance sheet, tax and other accounting measures are key to determining which is the most type of credit facility for an individual operation. To suit all operators we provide the full selection of asset acquisition funding products.
Our brokers source and structure offers that are optimised for the current tax rulings and have fixed rates, terms and repayments. Options are available for balloon, residual and buy back. The same funding products apply to both new and used machines, but rates and conditions can vary depending on the age and condition of the goods.
Funding is available for all makes and models from leading manufacturers – Caterpillar, Komatsu, Kubota, John Deere, CASE, Volvo, etc, purchased from dealers, private sellers and at auction.
- Chattel Mortgage Construction Equipment Finance
- Construction Equipment Leasing
- Rent-to-Own Loans for Construction Equipment
- Commercial Hire Purchase Finance for Construction Equipment
- Fixed rates, fixed terms, fixed repayments
- Negotiated balloon, residual, buy back.
- Terms up to 7 years available
- Latest tax benefits optimised
Flexible Loans for ABNs, Sole Traders, and No Financials
Construction Equipment Loan Solutions for ABNs, Sole Traders, No Financials
Through our specialist lenders, we have the ability to source workable funding solutions for operators in a range of scenarios – small, starting out and ABN only.
- Low Doc No Doc Construction Equipment Loans
- No Financials Loan for Construction Equipment
- Start-up Construction Equipment Loan
- ABN Loan for Construction Equipment
- Sole Trader Construction Equipment Loan
Accelerate Your Projects with Quick Approval
Get Fast Approval for Finance for Construction Equipment
Get productivity and efficiency on the way up quickly, with our fast application approval process. We ensure funding for all types of machinery is sourced, approved and processed quickly and efficiently to get that machinery working on site as soon as possible.
- Fast approval for finance for earthmoving machines, backhoes, diggers, excavators, loaders, graders
- Loans approved quickly for materials handling equipment, forklifts, cranes.
- Finance for building machines, tools, drills, welding equipment approved fast.
FAQs
Construction Equipment Loans
Machines and assets to be used in the building sector can be financed with Chattel Mortgage, Leasing, Rent-to-Own and Commercial Hire Purchase.
The interest rates vary with different asset acquisition credit types and will also vary for different applicants and with the choice of lender. Banks and lenders will typically display their best rates for good credit applicants acquiring new machines.
Yes. An ABN is the minimum requirement to be eligible for commercial lending products. Where a sole trader does not meet all the criteria as set by some banks and lenders, they may choose to source a lender that does offer sole trader credit. A broker may be helpful in sourcing these lenders.
The terms offered on commercial lending will depend on the lender’s guidelines, the age and condition of the machinery, the credit profile, amount of the funding and other aspects. Up to 7 year terms are typical for asset acquisitions.
With Chattel Mortgage and Commercial Hire Purchase, the tax deduction is by depreciating the machine in line with the ATO rulings at the time. The interest is tax deductible. With Rent-to-Own and Leasing, the repayments are fully tax deductible.
Credit to purchase used machines can vary from credit for new goods. Lenders assess the age and condition and make rates, terms and other conditions accordingly. The same credit products can be utilised for both new and used.
An online calculator can be used prior to application to obtain estimates on repayments for machinery funding.
Yes. Applications for machinery funding can be approved based on an estimated amount and an indication of the machinery, prior to purchase. The offer would be amended to suit the final specifications post-purchase.
New operators without financials may need to seek lenders that offer no doc and low doc funding options. These options are available through primarily brokers and non-bank lenders.
Commercial funding products utilise the machines as the major collateral against the credit. In some cases, the lender may request additional credit be provided.
