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Supportive, Cost-effective Start-up Equipment Loans

Venturing into the area of self-employment, sub-contracting and freelancer or setting up a new business of any size, can be equally exciting and daunting. Challenges can arise when funding to purchase the necessary machinery and other assets are required. We support the initiative of new operators with our proactive approach, extensive lender connections and expertise to source the required funds at affordable interest rates.

Our portfolio of financing products includes options for operators without financials and pathways to achieving workable solutions for those starting up. Our services include handling the entire funding process from sourcing the most appropriate lender and offer through negotiating on rates and conditions through to settlement.

Business Finance Supportive, Cost-effective Start-up Equipment Loans
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Compare Interest Rates for Start-up Equipment Finance
Compare Lower Interest Rates on Start-up Equipment Loans

The priority for new operators will be to achieve a rate that delivers a repayment structure that works with their projected cash flow. Rates for new enterprises who typically don’t have all the financials or meet all the criteria of many lenders, can be based on a number of factors. Rates can vary but we have lenders that share our support for new enterprises and are extremely competitive. As a guide for initial planning, compare what we currently achieve for many clients and call us for a specific quote.

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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.

22 November

Today's best rate

Finance Equipment From

4.99 % Fixed

* The interest rate is calculated on a secured loan for commercial use, effective 22/11/2023 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.

22 November

Today's best rate

Finance Equipment From

4.99 % Fixed

* The interest rate is calculated on a secured loan for commercial use, effective 22/11/2023 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.

Access Start-up Equipment Loans for Your Venture Success
Get a Workable Start-up Equipment Loan

The interest rate is integral to the repayments and the overall cost of credit. But the conditions, the funding term and the tax benefits can be equally important to achieving a workable outcome. We individually negotiate and structure solutions to meet the individual objectives of the operation.

  • Fixed, competitive interest rates
  • Fixed terms, up to 7 years/84 months
  • Balloon/residual options
  • Tax-optimised structure

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Expert Support for Your Business
Supportive Approach to Start-Up Equipment Loans from Experts

Operators setting up new enterprises typically appreciate the value of utilising available resources and services, especially from experts in commercial funding. We provide a comprehensive service that include access to lending channels that are industry-specific and welcome new enterprises.

Not all lenders are in a position to offer workable solutions to those setting up. But we are accredited with lenders that do and with whom we have sourced great outcomes during our 20+ years of experience in commercial lending.

Of particular help to those setting up is our depth of knowledge and expertise in regulatory and taxation matters. We are up to date with the latest rulings pertaining to asset acquisitions and structure tax optimised solutions for our clients.

  • Access to 80+ lenders
  • Industry specialist lenders
  • Supportive attitude, individual attention
Expert Assistance for Start-Up Equipment Loans with a Supportive Approach

Flexible Start-Up Equipment Loan Solutions
Start-Up Equipment Loan Solutions for All Industries

We welcome enquiries from clients across all industry sectors that require funding for plant, machinery and assets to set up a new operation.

  • Owner operators capturing the vast opportunities in infrastructure requiring wheeled goods.
  • Contractors entering the mining sector looking to acquire there own machines.
  • Trades working in building and construction needing the tools to do the job.
  • Freelancers in the IT and creative fields requiring IT systems.
  • Sole traders in the health and fitness fields looking to purchase gym equipment.
  • ABN Holders setting up beauty therapy services and needing the latest devices.
  • Retailers with their first store requiring funding for the fit-out and inventory.
  • Hospitality operators establishing what will be a favourite local café or bar.
  • Self-employed growers and new producers looking to expand their machinery.
  • Small companies with big ideas to grow in manufacturing and engineering.
  • And many others across the vast Australian commercial landscape.
Equipment Loan Solutions Tailored for Start-Ups in Various Industries

Start-Up Equipment Loans for Various Business Ventures
Types of Start-ups We Work With

Through our extensive experience, we fully appreciate that a new enterprise may present in a range of sizes and operational structures. This may be their first venture or it may be their next. We assist all structures and set-ups.

  • Sole Traders
  • Self-employed
  • ABN Holders
  • SMEs
  • Partnerships
Support for all types of business structures and configurations.

Specialised Equipment Loans for Start-Up Businesses
Types of Equipment Loans for Start-Ups

Assets can be financed through a number of commercial funding products. These vary in regard to suitability to cash or accruals accounting methods; approach to the balance sheet; treatment of GST; tax deductions; and with the interest rate. It is advisable for operators to discuss with their accountant which is best suited to meet the objectives of your set-up.

All asset acquisition credit products can be used to fund all types of equipment to be used in a commercial operation – plant, machinery, IT hardware and systems, fit-outs, devices, tools, fit-outs, furniture and others.

  • Chattel Mortgage Start-Up Equipment Finance: a very versatile product where the asset is accepted as security against the funds.
  • Equipment Leasing for Start-Ups: lender retains ownership of the goods over the funding term so the asset does not appear on the balance sheet.
  • Rent-to-Own Equipment Loan for Start-Up: an off-balance sheet format which presents many benefits for new operators.
  • Commercial Hire Purchase for Start-Up Equipment: competitive interest rate and attractive tax benefits.
Varieties of Equipment Financing Options for Start-Up Businesses

Applying for an Equipment Loan for Your Start-Up Made Easy
How to Apply for an Equipment Loan for a Start-Up

Operators can apply online or over the phone with one of our consultants. New clients are assigned their own consultant that will assist with the application and handle the entire process.

Requirements:-

  • Current ABN is essential.
  • New ABNs acceptable.
  • GST registration not essential but can be preferred by some lenders.
  • Financials as available – BAS returns, accounts, business plans, locked-in contracts from customers and other documentation to demonstrate the prospects for the new enterprise.
  • Security or personal guarantee may be required.
  • Personal financials of owner may be requested.
  • Funding may be sourced without a credit check of the business.
Specialized Start-Up Equipment Financing: No/Low Documentation Options

Specialised Equipment Loan Solutions
Specialist Start-Up Equipment Loan Solutions - No Doc Low Doc Finance

Operators starting up would not have accrued all the financials to complete the standard commercial lending application. We have lenders that will approve funding without financials and at competitive rates. The financials and credit profile of the owner may form an integral part of the application assessment.

We encourage operators to prepare and provide whatever financials and documentation they do have for their Low Doc and No Doc application. The more information the lender has about your plans and your prospects can contribute to a more workable outcome.

Accelerate Your Start-Up with Quick Equipment Loan Approvals
Get Fast Approval of Start-Up Equipment Loans

You can expect prompt attention and quick attention from our consultants to expedite your requirements. Approvals for many applications can be received in 24 hours.

Swift Approval for Start-Up Equipment Loans

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FAQs
Start-up Equipment Loans

Yes. Sole traders, self-employed, ABN holders and other operating structures can apply for funding as a new operation. An ABN is essential but GST registration is not.

Interest rates on all commercial funding, both for newly formed and well-established organisations, are subject to lender assessment of the application. A range of factors are considered included the risk, security, amount being borrowed, ability of the operation to furnish the commitment and other aspects. Interest rates also vary with the different credit product options.

Yes. New enterprises may select what funding product will be the most suitable for their set-up and the machinery being acquired. The selection includes Chattel Mortgage, Leasing, CHP and Rent-to-Own.

Yes. ABN holders are eligible to apply for commercial funding for machinery acquisitions. Where no financials are available, ABN holders can seek No Doc options through specialist lenders and brokers.

Yes. All the tax benefits applicable to the credit product selected by a new operator can be realised when funding is settled. The tax deductions vary across the selection of credit products. With Leasing and Rent to Own the repayments are tax deductible. With Chattel Mortgage and CHP the deduction is realised through depreciation of the asset.

Yes. Yellow goods and wheeled goods can be funded for new enterprises through some lenders. Not all lenders provide funding for new businesses. Engaging with a broker may assist new businesses source appropriate lenders.

Yes. All assets for use in a commercial operation as ruled by the ATO, can be eligible for funding through commercial financing facilities. Credit can be available for both hardware and software. Lenders may approve the installation costs of the systems to be included in the funding.

Many small and newly started enterprises will be required to provide additional security against their funding. In some cases, lenders can approve a personal guarantee from the owner as suitable collateral.

The credit term approved for commercial funding for new enterprises is subject to individual lender guidelines. In general terms, a credit term of up to 84mhs/7yrs can be approved on machinery financing.

There are funding options for operators without financials through No Doc and Low Doc finance. This is available through primarily non-bank lenders and via brokers. It allows funding to be approved with very little or no financials or documentation.

For a new growers in the agricultural sector, funding for machines is available through some lenders. The product choices include Chattel Mortgage, Leasing, CHP and Rent to Own.

The repayments on a credit agreement are determined by the loan amount, loan term and the interest rate. To obtain a guide to what could be achieved, operators can use a finance calculator.

Yes. When approved for funding, new businesses are eligible to the features and benefits of the selected funding product. Chattel Mortgage and CHP have the option for a balloon. This is a percentage of the loan set aside for payment at the end of the term. With Leasing the concept is known as a residual.

The total amount of financing requested is subject to lender approval on all applications. No deposit funding allows for the full purchase price to be included in the finance and is available through banks and lenders.

No. Asset acquisition credit products have a fixed interest rate. The rate remains the same over the full term of the financing. The rate is not reviewed or changed as the operation grows or when interest rates in general change.

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Our Lenders

Trusted by 60+ lenders Australia-wide

Westpac
Liberty
Automotive Financial Services
Macquarie
Finance One
Commonwealth Bank
Pepper Money
Morris
National Australia Bank
RACV
Get Capital
Prospa
Grow
Selfco Leasing
Scottish Pacific