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 15per cent in the first year and 30per cent thereafter. Always confirm specifics with your accountant.

What repayment options do equipment loans offer?

Some lenders allow early payout, but many commercial contracts carry an early termination or break fee, so check the terms before you sign.

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?

Straightforward deals on common equipment can move quickly, but timeframes vary by lender and depend on how complete your paperwork is. Bigger or specialised equipment usually takes longer, because the lender assesses the asset as well as your business. Having recent bank statements, BAS and the supplier's quote or invoice ready is the easiest way to speed things up.

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.

Can I finance software, a fit-out or solar for my business?

Often, yes, but lenders treat these differently from machinery or vehicles. Fit-outs, commercial solar and IT hardware are usually classed as tertiary assets, because they're worth little on resale once installed. That means lenders lean more on your trading history and financials, and terms tend to be shorter. Software subscriptions and licences are harder again because there's nothing physical to secure, so an unsecured business loan is often the better fit. Tell us what you're buying and we'll compare options across our lender panel.

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, kitchen and medical gear, fit-outs and more. How a lender classifies your asset shapes your term and deposit.

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 quickly, so you can shop with a firm budget and move fast when you find the right asset. Timeframes vary by lender.

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?

What equipment can you finance?

Primary assets: the easiest gear to finance

Secondary assets: specialist gear for your industry

Tertiary assets: tech, fit-outs and soft assets

A handy rule of thumb on loan terms

What's harder (or not possible) to finance with an equipment loan

Business Finance in 3 Steps

1. Tell us about your business

2. We assess and compare options

3. You decide how to proceed

Eligibility Criteria

Verified Business & Owner

Australian Business

Income & Trading History

Our Lender Panel

Frequently Asked Questions

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