Frequently asked questions
What is the minimum qualifying criteria for Equipment Finance?
We can assess any business with an Australian ABN that has been trading for 2 years or more with an annual turnover of at least $250,000
How much can my business borrow?
Depending on the assets and equipment to be financed, we offer non-asset backed loans up to $100,000, asset-backed up to $250,000 with bank statements only and up to $1 million including full doc.
What documents are needed to process an application for Equipment Finance?
Our process is simple and can be completed online. We require a completed Application Form and 6 months of bank statements to process an application for Equipment Finance. Prior to funding, we will need the vendor invoice and identification documents for the purchaser.
What type of equipment can be financed?
We offer finance for a wide range of primary, secondary and tertiary business assets and equipment including green goods, access equipment, prime movers, manufacture plant and workshop equipment, commercial cleaning and medical office equipment. Our range of Asset Finance solutions also includes Vehicle Finance and General Equipment Finance options for your business.
How long does it take to finance my equipment?
Once you sign the Facility Agreement, the funds are transferred to the vendor for the purchase on the same day.
Can I speak to someone about my equipment finance options if I have any questions?
Yes, absolutely. Our Relationship Managers are available to help you with any questions and at every step of the short and simple process. They can be reached on 1300 249 649.
Can I access extra funds if I need to during the loan term?
Yes. We also offer a Working Capital Loans, Terms Loans and Business Overdrafts, as well as a range of Asset Finance solutions to help with your other finance needs.
What loan terms are available for Equipment Finance?
The loan term for this product is 5 years, depending on the asset being financed.