Competitive equipment loans to grow your business
Whatever equipment your business needs to operate, we can help you to finance it.
Whether you’re buying equipment from a dealership or a private seller, we’re here to secure the fastest approval and the most competitive rates. We’ve worked with many dealerships on the Sunshine Coast, so chances are we’ve financed similar equipment in the past.
We can assist you to purchase both new or 2nd hand equipment. Just let us know what you’re looking to buy, and our Finance Brokers will match you with a market leading finance solution.
Perhaps you’d like a flexible loan term, a low monthly repayment or a fixed interest rate – we work with more than 20 equipment finance lenders to offer you choice.
We are always up-to-date with the latest products and lending policies, and we’ll handle the entire process on your behalf, so you can focus on running your business.
Vehicle Finance
Your Finance Broker should be your first point of contact when you’re looking to purchase a new or used car. Why? We can arrange a finance pre-approval for you to ensure that you walk into the car dealership with the power to negotiate.
Car dealerships often advertise 0% finance offers, but these 0% finance offers can take away your ability to negotiate on the price of the vehicle. The discounts and rebates that car manufacturers regularly offer disappear to allow the dealership to make up for the interest lost on the deal.
But if you’ve secured the sharpest car loan through a Finance Broker, then you can walk into the dealership and negotiate the lowest possible sale price on the vehicle. It’s a win-win scenario.
Farming & Agriculture
We can help you to finance traditional farming equipment including tractors, sprayer units, harvesters, processing equipment, irrigation systems and more. We also have experience in securing competitive loans for modern AgTech solutions such as farming drones, autonomous vehicles and alternative energy sources.
Seasonal trends within the farming industry can make it difficult for farmers to find a suitable finance solution – but don’t worry, we’ll work with you to secure a loan product that suits your cashflow.
Construction Machinery
Talk to us about your construction project and we’ll help you find a loan product tailored to your needs. For a one-off short term construction project, leasing is a cost-effective solution. However if you’re looking to loan the machinery to others for a fee, or can write-off the deductions over years rather than months, purchasing is a better option.
We have experience in securing heavy machinery loans for all industries including rail, mining, aviation, shipping and more.
Trucks and Trailers
Allow us to help you to purchase your next truck or trailer! We can secure market leading loans for trucks, prime movers, vans, commercial utes, buses, trailers and more.
We can help you to understand your loan options. A chattel mortgage / commercial loan may allow you to claim tax, depreciation and other benefits.
Whereas a finance lease could be great if you are running a seasonal business, working on a short-term project or think your business will grow very quickly.
Hospitality and Catering
We’ve been assisting Sunshine Coast cafes, bars and restaurants to understand their finance options for many years.
From commercial kitchen equipment to a full fitout, our team are able to offer both traditional and alternative finance options for small businesses in the hospitality and catering industries.
COVID-19 has challenged this industry in particular, but we’re here to help your business to recover and grow.
Gym Fitouts
Looking to open your own gym? Or perhaps social distancing rules require you to rethink your fitout?
We’ve seen some fantastic COVID safe restructures lately – from individual workout cubes, to implementing new technology to assist with check-ins and online classes. Whatever challenges you’re facing, we’ll do our best to help you to adapt.
From Jiujitsu to Barre and Bike, we will finance RPM bikes, treadmills, pilates reformers, free weights and more.
Choose a Loanright Broker to be your advocate
Comparison
and Choice
There are hundreds of business loans available to purchase your equipment, so why would you limit yourself to what your bank has available? As Finance Brokers we listen to you to understand YOUR needs, then we compare a variety of equipment finance products available from Australia’s leading lending institutions.
Keep Competition Alive
We work with multiple lenders, to keep competition alive.
If Equipment Finance Brokers were not in business, competition and choice in the business loans arena would decline. Bank power and the risk of higher interest rates would increase, leaving Australian businesses to pay the price.
Stress-free Process
Once we’ve established which loan suits your needs, we’ll get to work on your application, complete all the paperwork and submit it to the bank on your behalf. Our aim is to save you time and stress, and to get things moving as quickly as possible so you can focus on running your business.
An extension of your business
We don’t just set you up with a loan and forget about you. Our goal is to get to know you, and to become an extension of your business.
We’ll always be here to help you to secure market leading finance solutions. We’re only a phone call away and once we get to know your business, applying for future loans becomes even easier.
Testimonials
Luke was fantastic. He handled my complicated loan structure like and absolute pro, always answered his phone when I called, and in general made the process very smooth for a first time home buyer.
Luke had great attention to detail and was excellent in explaining our choices so that we could easily assess our finance options. Luke’s communication was clear and precise and he kept us informed throughout the whole process. We will absolutely be recommending Luke’s services to family & friends.
Hi Luke, Thank you so much for your patience and expertise. Without your help we weren’t likely to have gained approval to allow us to achieve our property goals. We’ll be sure to recommend you to all of our friends and family.
My husband & I are ecstatic with what Luke was able to achieve for us in a 4 & 1/2 day timeframe. We needed a pre-approval for an Auction on the Saturday. After having the run around around from another Broker for 2 weeks I called Luke on the Monday lunch time. Luke asked that I send everything through and he would have an answer to let us know if it was a ‘deal’ by 5pm that day. Luke called me at 3pm with an indicative response as he saw no issues to proceed with an application for finance. He was at our house 5:30pm that evening. Our circumstances were a “little outside of the box”. He spoke with us in regards to the lender he was looking at, to the detail of the product that would best suit us, repayments and explained the steps going forward. Luke had our application submitted the following day, our pre-approval followed on Thursday afternoon. We were successful at Auction on Saturday!!!
This is my 10th home I have purchased and the first time I have used a Broker and I was very impressed with the knowledge that Luke had. There was not one question he could not answer and he got us a better interest rate than the bank I have dealt with for the past 15 years. My bank would not give us the money to buy our latest home, but with the help of Luke he made this happen for us. I have already recommended him to a friend of mine and I would not hesitate in recommending Luke to anyone who was in the position of buying a home.
We have found Luke to be very accommodating to our needs in finding and setting up the right loan structures for us now and for the future, as well as helping us to understand the whole process. We would highly recommend Luke and loan right to anyone looking at purchasing a house or land.
Luke, just wanted to say thank you for everything you have done for me regarding the refinance of my existing property and purchase of my new property. It has been a pleasure dealing with someone with so much personal experience in property investment. Everything went so smoothly and I am extremely happy. Once again, thank you. I will not hesitate in recommending you to any of my friends when they are seeking finance.
Miracle Worker! When I first approached Luke for his services, I presented him with a pretty unrealistic situation where I had put an offer on land and had a very minimal deposit and limited time to arrange finance. With no hesitation what so ever, Luke immediately began helping us providing us with multiple finance options to work with. Luke was the first broker I had spoken to that I 100% understood when explaining how finance works! Although we did have a few hiccups with the banks during our process, Luke never presented an issue to me without a possible solution, he was willing to go over and above all expectation to help us through it and kept me informed every step of the way! Luke has helped us turn our dream into a reality in building our first home and I couldn’t thank him enough! I would have no hesitation what so ever in recommending him to anyone and look forward to working with him again in future!
Luke was very helpful on explaining all the processes buying a house here, always got back to us straight away with any questions and made buying our first house here in Australia very easy. A very friendly and approachable person.
Kelli worked with me to develop a plan of what I needed to do in order to apply for a mortgage. We stayed in regular contact as I achieved each milestone reviewing things along the way. It was great having a plan to work to, being in regular contact motivated me to reach each milestone. The application process was easy too – Kelli told me what I needed to provide and she did the rest. And best of all the whole process was done online and over the phone. Both Kelli and Luke were always available to answer any questions along the way. I felt really informed.
Equipment Finance FAQ's
Loanright application form
Signed Privacy forms
Commitment schedule
Details on the goods & where the goods are being purchased from
Financial information. Depending on the finance product this can include the past 2-3 years financials for the business, personal tax returns & sometimes cashflow forecasts. If your financials are not up-to-date we also have Low Doc options available.
For complex applications, we will let you know if additional information is required.
We have access to ‘Low Doc, No Financials’ products, so we may be able to assist you even if your financials are not up-to-date.
Contact us today to discuss your scenario.
Yes. There are a few extra steps we need to take when you purchase from a private seller (as opposed to a dealership). We need to liaise with the seller to confirm proof of ownership and check there is no existing finance against the asset. A PPSR check is also required to ensure there are no existing security interests registered against the asset.
We’ll make this process as smooth as possible – so get in touch today to discuss your finance options!
Business asset finance terms generally range from 12 months to 60 months.
Some lenders will offer borrowers reduced repayments in return for a one-off lump sum – called a residual or balloon payment – that the borrower has to pay at the end of the equipment finance loan.
The benefit of a balloon payment is that it can lower your repayments. However, on the other hand you end up paying more interest on an equipment loan with a balloon payment as you’re paying interest on the value of the balloon payment.
Lenders are currently offering rates from as low as 2.19%.
The interest rate depends on many factors including the strength of the applicant, the age and cost of the asset and other lending criteria. We will find you the lowest rate available for your specific circumstances.
Contact us today for an obligation-free quote.
Yes, we can assist you to finance used equipment. The age and type of the equipment may impact the term and structure of the loan – but contact us today and we’ll let you know what your options are.
Some of the products we can assist you with include Chattel Mortgages (also known as a Commercial Loan or an Equipment Loan), Finance Leases, Operating Leases (also known as a rental), Commercial Hire Purchases (also known as Hire Purchase or CHP) or Novated Leases.
Contact us today to see which finance product is most suited to your needs.
Loan approval can take anywhere between two to ten business days, but more often than not we can secure you an approval within 48 hours!
It depends how busy the banks are, and how complex your loan application is. We follow up the lender if there is any delay to make sure your application is assessed as quickly as possible.
You can get started online, or give us a call on 1800 115 626.