Machinery and Heavy Equipment Finance for Your Business.

Machinery finance funds the plant a business works with, from excavators and loaders through to agricultural and workshop equipment, with the machine itself held as security. It works like any other equipment loan, with the repayments set over a term that suits the working life of the machine.

The lender registers its interest on the PPSR. The assessment looks at the machine and the business together rather than at either on its own.

New, used, dealer, auction and private purchases can all be funded. Where you are buying shapes the shortlist as much as what you are buying.

A machine earns across years. Heavy equipment finance lets you pay for it over the long term instead of paying the full price up front, so the cost lines up with the income it produces.

Keeping that cash in the business protects your cash flow for materials, wages and the next job. That is usually a better use of it than owning the machine outright a year sooner. Finance also lets the business acquire equipment when the work demands it, rather than waiting until the cash is on hand.

A final balloon payment lowers the regular repayments. Set sensibly, it also makes replacement a planned event rather than something forced by a breakdown.

Lenders classify plant by how readily it resells. Wheeled and tracked machines with active secondary markets are the most straightforward to place.

Specialised or fixed plant needs a lender who understands that industry, which is why a wide panel matters.

Hours matter the way kilometres do on a vehicle, and a high-hour machine with documented servicing often assesses better than a low-hour one without records.

Start with the ABN, the trading history and the machine, including its make, model, year and hours. That combination sets the shortlist. Each lender sets its own eligibility criteria for trading history, business credit and the type of machine.

If you are buying at auction, bring your broker in before you bid, so the valuation and the settlement are arranged ahead of time.

One enquiry compares lenders, and pre-approval on a straightforward application is possible the same day.

Buy on what the machine earns each week against what it costs each week, with the repayment included in that sum.

Do not dismiss used plant with a solid service history. There are lenders who will fund it and the numbers frequently work out better than buying new.

Chattel mortgage, hire purchase and finance lease are the main loan options, and they differ in who owns the machine during the term. Ask your accountant how each one affects your tax position and your balance sheet before you choose.

Keep the business paperwork current so lenders are not ruled out unnecessarily.