What Equipment We Finance
If your business uses it to earn income, there is usually a lender on our panel willing to finance it. We arrange equipment and machinery finance through a panel of more than 30 lenders, from the big banks to specialist non-bank funders. That matters, because no single lender suits every machine or every business. We are not trying to squeeze your deal into one lender's box.
The gear we finance most often:
- Yellow goods. Excavators, skid steers, loaders, graders, rollers, dozers and dump trucks. New and used, including older machines that mainstream banks knock back on age alone.
- Attachments. Buckets, augers, hammers, grabs and tilt hitches. These can often be financed with the machine or on their own.
- Trade tools and site equipment. Generators, compressors, scaffolding, laser levels, welders and plant trailers.
- Hospitality fit-outs. Commercial kitchens, coffee machines, cool rooms, ovens and point-of-sale hardware.
- Medical and dental equipment. Chairs, imaging gear and practice fit-outs.
Need a ute or van to go with the machine? That side of things is covered on our car finance page.
Chattel Mortgage, Rental or Lease?
Most equipment finance in Australia is written as a chattel mortgage. You own the machine from day one, the lender registers its interest over it, and once the final payment is made it is yours outright. Simple, and it suits most tradies and operators.
Rental and lease structures work differently. The financier owns the equipment and you pay to use it, sometimes with an option to buy at the end. The right structure depends on your circumstances, so your accountant is the person to confirm what suits your business.
Which structure works out better for you depends on your tax position, and that is a question for your accountant, not your broker. We do not give tax advice. What we do is find lenders that offer the structure your accountant recommends, then compare what is on the table.
Buying From a Dealer, Auction or Private Sale
Where you buy matters less than people think. We arrange finance for equipment from all three channels:
- Dealers. The simplest path. Invoicing is clean and most lenders settle quickly.
- Auctions. Good buying if you know what you are looking at. Talk to us before auction day so you know your position and can bid with a firm limit. Auction houses want settlement fast, and we work to their timelines.
- Private sales. Plenty of good machines change hands owner to owner. Lenders will finance them, they just need extra checks: a PPSR search to confirm the machine is not encumbered, proof of ownership, and sometimes an inspection. We handle that legwork.
Machine age and hours affect which lenders will take the deal. This is exactly where a broad panel earns its keep. If one lender caps machine age at a level that rules out your excavator, another on our panel probably will not.
How the Process Works
You do not need a full set of financials to get started. If you hold an ABN and your paperwork is not current, ask us about low doc business finance. Plenty of our clients are sole traders and small operators caught between tax returns.
Solvyr Capital acts as a credit representative and may receive a commission from the lender when your finance settles. We disclose this before you sign anything.
We are based in Southport on the Gold Coast and arrange equipment finance for businesses Australia-wide. Ready to price up that machine? Start your enquiry and we will take it from there.
FAQs
Can I get equipment finance with just an ABN and no financials?
Often, yes. Several lenders on our panel offer low doc options for ABN holders, which means far less paperwork than a full doc application. Approval still depends on lender criteria and a credit assessment, but not having your latest tax return done does not rule you out.
How long does equipment finance approval take?
Once your documents are in, approvals often land within 24 to 48 hours. The initial enquiry itself takes about two minutes. Exact timing depends on the lender, the machine and how quickly the seller provides paperwork, and every approval is subject to lender criteria and credit assessment.
Can I finance an excavator from an auction or private sale?
Yes. Lenders finance auction and private sale machines every day, they just require extra checks such as a PPSR search and proof of ownership. For auctions, talk to your broker before bidding so you know where you stand and can settle within the auction house's timeframe.
What is the difference between a chattel mortgage and leasing equipment?
With a chattel mortgage you own the equipment from day one and the lender holds security over it until the loan is paid out. With a lease or rental, the financier owns the gear and you pay to use it, sometimes with an option to buy later. Which structure suits you comes down to your tax and business setup, so talk to your accountant before deciding.
Does applying for equipment finance hurt my credit score?
The initial enquiry with us does not affect your credit score. We assess your position and match you with suitable lenders first, and the initial enquiry does not affect your credit score, and a credit check only happens later once you choose a lender and give us the go-ahead. That way one machine purchase does not leave a trail of enquiries on your file.
Ready to get moving?
Tell us what you are looking to finance. It takes about two minutes and does not affect your credit score.
Prefer to talk? Call 0468 157 797