EQUIPMENT LOANS
Get equipment finance built around the asset you actually need, not a one-size-fits-all loan. At Lendwise, we work as an equipment finance broker across NSW, comparing lenders so you get real options for machinery, vehicles, or business equipment.
Equipment finance can be structured a few different ways, a chattel mortgage, a hire purchase, or a finance lease, and the right structure depends on the asset, your business, and how long you plan to keep it. As your equipment finance broker, we look at all of this before recommending anything.
Instead of settling for one lender’s criteria, you get options compared across our panel, explained in plain English, with support from your first enquiry through to funding.
What This Matters
Equipment finance isn’t one single product. A chattel mortgage, a hire purchase, and a finance lease all work differently, and the best fit depends on the asset, how long you’ll use it, and how your business plans to claim it at tax time.
Different lenders also treat the same asset very differently. One lender might prefer new, dealer-supplied equipment, while another is comfortable with used machinery or a private sale. Some ask for a longer trading history, others work with newer businesses.
Getting the structure wrong can cost your business more than it needed to, or leave you with a repayment plan that doesn’t suit how the equipment actually earns its keep. A chattel mortgage gives you ownership from day one, while a lease keeps the asset off your books, and each suits a different situation.
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Frequently Asked Questions
What is equipment finance?
Equipment finance is a loan or lease used to buy business equipment, machinery, or vehicles, rather than paying the full cost upfront. The finance is usually secured against the equipment itself, and it can be structured a few different ways depending on your business and how you plan to use the asset.
What does your equipment finance service include?
Our equipment finance service covers the full process, not just one part of it. We look at the asset and your business, compare lenders across our panel, handle the application, and stay involved from your first enquiry through to funding.
What's the difference between a chattel mortgage and a lease?
With a chattel mortgage, your business owns the equipment from day one, while the lender holds a mortgage over it as security. With a lease, the lender owns the equipment and your business uses it, with the option to buy it, upgrade, or return it at the end of the term. Tax treatment can also differ between the two, worth checking with your accountant based on your situation.
Can a newer business get equipment finance?
In many cases, yes. Some lenders work with businesses that have as little as six months of trading history, though options and terms usually improve the longer a business has been operating. We can point you toward lenders that actually suit where your business is at.
Is it better to use an equipment finance broker or go straight to a bank?
A bank can only lend against its own criteria for the equipment you're financing. An equipment finance broker compares a panel of lenders, including those with more flexibility around asset type or business age, so you're not stuck with one lender's answer.
Do you help with equipment finance after settlement?
Yes. As your business grows or you need to upgrade equipment again, we're happy to help with the next one too.