Commercial finance built around your business

Commercial asset finance funds the vehicles and equipment a business earns with, from utes and trucks to vans, trailers and fleets. The most common structure is the chattel mortgage, where your business owns the asset from day one and the lender registers a security interest until the loan is repaid.

Because it is business lending, assessment looks at the business as much as the asset. Trading history, cashflow and existing commitments all matter, and documentation ranges from a full set of financials at one end to low-doc at the other, where an active ABN and a driver's licence carry the application.

Terms typically run one to seven years, balloons are widely available, and both new and used assets, including auction and private purchases, can be financed.

Financing preserves working capital. The asset generates income across its working life, and a structured loan lines its cost up against that income instead of draining the cash a business runs on.

Ask your accountant how the finance affects your tax position before you choose a structure.

Balloon structuring can also tune repayments to the asset's working life and resale value, keeping monthly commitments aligned with cashflow.

A balloon is a lump sum payment due at the end of the term. Set the balloon amount against what the asset will realistically be worth by then, and use the business loan calculator with balloon payment below to see how it changes your loan repayments.

Start from how the asset earns and how long it stays useful. A delivery van replaced every four years suits a different term and balloon than a truck kept for ten.

Match documentation to reality. If your financials are up to date, full-doc lending opens the widest panel. If they are not, low-doc lenders assess on your ABN history and overall profile, and with so little to verify, well-placed applications can move very quickly.

For multiple vehicles, consider fleet facilities rather than loan-by-loan borrowing. A master facility simplifies additions and replacements as the business grows.

One enquiry compares commercial lenders across the lender panel. Lenders look at the business's credit history and the directors' personal credit scores. Your broker matches your business profile and documentation to the lenders most likely to approve on strong terms, then manages the paperwork end to end.

Have your ABN details, recent business bank statements or financials, and the asset details ready. Pre-approval for most standard commercial applications lands the same day.

Talk to your accountant before you buy. They can tell you how the timing of the purchase affects your tax position.

Keep balloons honest against the asset's real working life and resale value, especially on high-kilometre vehicles.

Do not let the dealership be the only quote. In-house dealer finance is convenient, but one enquiry across the open panel confirms whether it is actually competitive.