Equipment Loan

How it works

Equipment finance involves funding the purchase new equipment or upgrading the existing capital assets. Equipment finance facilitates purchase of machinery, technology, fit-out, vehicles and other tools critical for business operations. Such loans are short term loans with a tenure of 12-72 months. Such financing is usually secured in nature i.e. the lender will place a lien on the property till the loan continues and once the loan is repaid, the equipment is free from lien. Equipment financing is a great way for businesses to multiply their revenue generation with certain tool or machinery that is critical to production of goods or services.



  • Lower interest rates owing to lien marked on the equipment
  • Depreciation can be claimed for tax purposes.
  • Less paperwork


  • Asset maintenance costs
  • Repressive in nature; can be used only for equipment and not for other business expenses.

Get in Touch

Contact Info


1300 320 252


Select My Loan Pty Ltd

(T/As) SME Loan Brokers

CAR No. 501263 of Laverne Capital Pty Ltd ACL 482 937.

6/96 Wigram Street,
Harris Park NSW 2150