Machinery Loans for Plant, Trade & Farm Equipment
Upgrade Your Machinery Today: Simple Application, Quick Approvals
We specialise in machinery loans, so you can focus on your business.
Ready to invest in new equipment or expand your operations? We offer a wide range of machinery financing options tailored to your specific industry and needs. From manufacturing and production lines to CNC machines, packaging equipment, agricultural and processing machinery, we can help you find the right loan to match.
Buying machinery outright can tie up the working capital your business needs day to day. Machinery finance lets you spread the cost over the useful life of the asset, with repayments structured around your cash flow so your equipment can start paying for itself from day one. We can arrange chattel mortgages, finance leases and rental options, and help you weigh up the pros and cons of each for your situation.
With access to over 40 lenders, including the major banks and specialist asset financiers, SB Finance compares the market to secure competitive rates and flexible terms. We also work with self-employed operators and newer businesses through low-doc options where full financials aren't available. Talk to our team for an obligation-free chat about financing the machinery that keeps your business moving.
Competitive Options
With access to over 40 lenders, we compare the market to find a finance option suited to your situation. Terms and conditions, fees and eligibility criteria apply.
Loan Deals
Talk to our team about the options available across property, asset and personal finance. We'll explain how each could suit your needs.
Quick Application
Our Application process is straight-forward and hassle free. We pride ourselves in being responsive and prompt with processing your application!
Personalised Service
Here at SB Finance we treat everybody like one of the family. We pay attention to the detail and make sure we offer nothing but first class service tailored to your needs!
Frequently Asked Questions
We can finance a wide range of machinery, including:
- Construction equipment (excavators, loaders, bulldozers, etc.)
- Manufacturing machinery (CNC machines, lathes, milling machines, etc.)
- Agricultural equipment (tractors, harvesters, sprayers, etc.)
- Printing and packaging equipment
- Medical equipment
- 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.
There are several ways you can apply, all of which are simple. You can contact us on 1300 172 346 or email info@sbfin.com.au to speak with our team. Alternatively, you can reach us via any of our social media platforms or fill in the quick quote form on our page and we can reach out to you.
CONTACT US
Let’s talk finance
Whether you have questions or inquiries about our services, we’re here to assist you every step of the way.