How does the instant asset write-off work with equipment finance?

From 1 July 2026, the $20,000 instant asset write-off is a permanent feature of the tax system for small businesses with aggregated turnover under $10 million. If you finance an asset costing under $20,000, you can typically claim the full cost as an immediate tax deduction in the year you first use it, even though the loan repayments are spread over several years. Assets over $20,000 generally go into the simplified depreciation pool at 15% in the first year and 30% thereafter. Always confirm specifics with your accountant.

What repayment options do equipment loans offer?

Repayments are structured to suit your business, weekly, fortnightly or monthly. Many lenders also allow early pay-outs without penalty, so if your business picks up, you can clear the loan faster and save on interest.

What’s the benefit of financing equipment instead of buying it outright?

Financing keeps your cash flow healthy, spreads out the cost, and lets you upgrade sooner. Instead of draining your bank account, you keep funds available for wages, stock, marketing or sudden costs that can’t wait.

How fast can I get equipment finance approved?

Approval is typically quick, often within 24 to 48 hours for standard purchases. Bigger or specialised equipment may take longer, but most lenders move fast because the asset is easy to value.

Can I get an equipment loan with bad credit?

In many cases, yes. Because the equipment itself acts as security, some lenders are more flexible with past credit issues. Strong cash flow and stable revenue can outweigh older defaults or slow patches on your file.

Do I need full financials to get an equipment loan?

Not always. Many lenders offer low-doc or bank-statement-only options, especially for smaller purchases. If your business is trading consistently and the equipment is essential, paperwork stays relatively simple.

What types of equipment can I finance?

Just about anything a business needs: vehicles, machinery, tools, commercial kitchen equipment, IT systems, office fit-outs, medical equipment and more. If it helps your business operate or grow, it usually qualifies.

How do equipment loans work for businesses?

An equipment loan lets your business purchase machinery, vehicles, tools or technology and spread the cost over time instead of paying upfront. The equipment often acts as the security, which helps keep rates fair and approvals fast.

Equipment Loans Australia - Upgrade Without Cash Flow Strain

Equipment loans that put new gear in your business without draining your working capital

When the old machine starts costing you more in downtime than a new one would in repayments, it’s time. Whether you’re upgrading a piece of plant, replacing tired tools, fitting out a kitchen, buying tech, or expanding the fleet, equipment loans let you spread the cost over the life of the asset rather than emptying the business bank account in one hit. Our brokers compare equipment finance options across our panel and arrange the right structure for your purchase.

Most equipment loans are written as chattel mortgages, which means your business owns the asset from day one, claims the GST back on the next BAS, and gets depreciation and interest deductions over the loan term. Leases and Commercial Hire Purchase are also options depending on your tax position and how often you upgrade. Talk to your accountant about the right structure, and we’ll arrange the finance from there. Our service is free for you, we’re paid by the lender. For heavy vehicles specifically, see truck finance, and if you already own gear outright and want to release the equity, see sale-back finance.

Finance any business equipment

Plant, machinery, vehicles, tools, IT systems, kitchen equipment, medical gear, commercial fit-outs. If it earns the business money, lenders will fund it.

Borrow $10,000 to $1,000,000

Loan size scales with the asset value and your trading position. Terms typically run two to seven years to match the working life of the gear.

Chattel mortgage, lease or CHP

Pick the structure that suits your tax position. Chattel mortgages are most common because the business owns the asset from day one and can claim GST and depreciation.

New, used, dealer or private sale

Lenders on our panel fund new gear from dealers, second-hand equipment from private sellers, and assets bought at auction. Older gear may require a larger deposit.

Fast pre-approval

Many lenders can pre-approve straightforward equipment deals within 24 hours so you can shop with a firm budget and settle quickly when you find the right asset.

No fees from us

Free for you to apply through our broker panel. We're paid by the lender when your loan settles.

Business Equipment Loans That Help You Grow Smarter

Equipment loans that put new gear in your business without draining your working capital

Finance any business equipment

Borrow $10,000 to $1,000,000

Chattel mortgage, lease or CHP

New, used, dealer or private sale

Fast pre-approval

No fees from us

Ready to finance your next bit of gear?

Business Finance in 3 Steps

1. Tell us about your business

2. We assess and compare options

3. You decide how to proceed

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Australian Business

Income & Trading History

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