Agricultural & Construction Machinery Loans
Tailored Financing Solutions for Agriculture & Construction
Why Choose SB Finance for Your Machinery Loan?
We understand the unique challenges and opportunities faced by businesses in agriculture and construction. That’s why SB Finance is committed to providing tailored financing solutions to help you acquire the equipment you need to achieve your goals.
Your Success is Our Priority
We're invested in your success. We'll take the time to understand your specific needs and tailor a financing plan that helps you achieve your goals.
Guidance Every Step of the Way
Our friendly and knowledgeable loan specialists are here to answer your questions and provide support throughout the entire process.
Flexible Solutions, Tailored to You
We offer a variety of loan options with competitive rates and flexible terms to fit your budget and business needs.
Fast and Efficient
We know your time is valuable. Applying is a breeze, and quick approvals get you the equipment you need sooner.
Building Long-Term Relationships
We're here to support your business growth, not just for this purchase but for many years to come.
Machinery Loan Options
We understand that every business is unique, and your machinery financing should be too. That’s why we offer a range of loan options to suit your specific needs and goals.
Chattel Mortgage
Own it from Day One
With a Chattel Mortgage, the machinery is yours from the moment you acquire it. This gives you full ownership and control, allowing you to claim depreciation as a business expense and potentially reduce your tax burden.
Fixed Repayments
Enjoy predictable monthly repayments, making budgeting and cash flow management easier.
Flexible Terms
Tailor your loan term to suit your business needs and financial goals.
Finance Lease
Preserve your cash flow
A Finance Lease allows you to acquire the machinery without a significant upfront investment, freeing up cash for those unexpected repairs or seasonal downturns.
Lower Monthly Payments
Enjoy lower monthly repayments compared to a Chattel Mortgage, making it a more manageable option for some businesses.
Flexibility at the End
At the end of the lease term, you have the option to purchase the machinery, upgrade to a newer model, or simply return it.
Commercial Hire Purchase
Balanced Approach
Commercial Hire Purchase combines elements of both Chattel Mortgage and Finance Lease. You make regular payments, and at the end of the term, you have the option to purchase the machinery for a nominal fee.
Tax Benefits
Depending on your circumstances, you may be able to claim tax deductions for interest and depreciation.
Fixed or Variable Rates
Choose between fixed or variable interest rates to suit your risk tolerance and financial preferences.
Chattel Mortgage vs. Finance Lease
Feature
Ownership
Monthly Payments
Upfront Costs
Tax Benefits
End of Term
Chattel Mortgage
Yours from day one
Generally higher
May require a deposit
Claim depreciation and GST credit
You own the machinery
Finance Lease
SB Finance owns the machinery
Generally lower
Lower upfront costs
Potentially deduct lease payments
Option to buy, upgrade, or return
Get Your Free Machinery Loan Quote Today!
Take the first step towards acquiring the machinery you need. Apply online in minutes and receive a personalised quote
Frequently Asked Questions
We can finance a wide range of machinery, including:
- Agricultural Equipment: Tractors, harvesters, sprayers, seeders, balers, and more.
- Construction Equipment: Excavators, loaders, bulldozers, graders, cranes, and more.
While specific licenses or certifications may not always be required, it’s helpful to demonstrate that you have the necessary qualifications to operate the machinery you’re financing. This can strengthen your application and show that you’re a responsible borrower.
Yes, we finance both new and used machinery. We’ll consider the age, condition, and market value of the machinery when assessing your application.
You’ll need to have comprehensive insurance for your machinery throughout the loan term. This protects both you and the lender in case of damage, theft, or liability.
This depends on the terms and conditions of your loan. Some loans may be specifically for business use only, while others may allow for limited personal use. It’s essential to clarify this with your loan specialist before finalizing your loan.
You are responsible for the maintenance and repair of the machinery. It’s a good idea to factor in potential maintenance costs when budgeting for your machinery loan.
Speak to our experts to see if you could be eligible for a low-doc commercial loan. If you dont qualify, you may need the following to ensure a smooth and efficient application process:
- Identification documents (such as your driver’s license or passport).
- Financial statements that give us a clear picture of your business’s financial health.
- Tax returns to verify your income and expenses.
- Requirements to apply for machinery loans
- Details about the machinery you wish to purchase, including the make, model, and year of manufacture.
We know you’re eager to get your machinery operational, so we’ve streamlined our approval process. While the exact timeframe may vary, you can typically expect a decision within 24-48 hours of submitting all the necessary documents.
We believe everyone deserves a fair go. We understand that circumstances can change, and credit scores aren’t always perfect. If you have some credit challenges in your past, we encourage you to contact us. We’ll assess your individual situation and explore all possible solutions to help you secure the machinery loan you need.
Yes, you can usually make extra repayments or pay off your machinery loan early. There may be some fees associated with early repayment, so it’s best to check the terms and conditions of your loan or contact your loan specialist for more information.
