Asset Finance
Finance for the equipment your business runs on.
From a single machine to a full fit-out, we help you understand the ways to fund business assets and compare options across our lender panel.
Overview
What is asset finance?
Asset finance lets a business acquire equipment or other assets and pay for them over time, rather than paying the full price upfront. The asset itself usually forms part of the security for the loan.
There are several ways to structure it — for example a loan where you own the asset from the start, or arrangements where ownership or a residual payment comes at the end. Which suits you depends on how you'll use the asset, your cash flow and your accountant's advice on tax treatment.
Scenarios
Who it can suit
Trades & construction
Excavators, tools, plant and site equipment.
Transport & logistics
Trucks, trailers, forklifts and warehouse equipment.
Medical & professional
Clinical equipment, fit-outs and technology.
Hospitality & retail
Kitchen equipment, refrigeration, POS and shop fit-outs.
Options
What we can discuss
We'll explain the options that may be available through our lender panel, including:
- New and used equipment
- Loan structures with or without a balloon / residual payment
- Repayments matched to how your business earns
- Financing multiple assets or an upgrade
What lenders usually ask for
To get started we'll typically need an overview of:
- Your business details, including ABN and how long you've been trading
- The asset you're buying — description, price and supplier invoice or quote
- Recent financial information, such as BAS statements or financial statements
- Identification for directors or owners
Every lender sets its own requirements, so we'll confirm exactly what's needed for your situation. Please don't send documents through the website enquiry form.
How it works
Three simple steps
- 01
Apply online in minutes
A few simple questions. No paperwork yet.
- 02
A specialist calls you
We compare lenders and explain your options.
- 03
Get funded
Choose your option. Once the lender approves, funds are settled.
Repayment estimator
Get a rough idea of repayments
Adjust the numbers to see an estimate. No details needed, nothing is saved.
Estimated monthly repayment
$1,050.09
- Amount financed
- $50,000.00
- Regular repayments total
- $63,005.58
- Balloon at end
- $0.00
- Total repayments
- $63,005.58
- Estimated interest
- $13,005.58
Estimates only. This is not a quote, an offer of finance or an approval. Fees and lender-specific terms are not included. Actual repayments may differ. Eligibility and approval are subject to assessment.
FAQ
Questions about this
Something else? Ask us.
Can I finance used equipment?
Often, yes. Lenders look at the asset's age, condition and type. Tell us what you're looking at and we'll explain which options may apply.
What is a balloon payment?
A balloon (or residual) is a lump sum paid at the end of the term, on top of your last regular repayment. It lowers your regular repayments but increases the total you repay. Try different balloon amounts in our repayment estimator.
Is asset finance tax deductible?
The tax treatment depends on the loan structure and your business circumstances. We don't give tax advice — please speak with your accountant.
Ready? It takes about 3 minutes.
Apply online — no credit check to start. A Bizzy specialist will call you back.