Scenario: construction equipment

Construction Equipment Finance for a New Job or Replacement Asset

A construction business may need a machine, ute, trailer, excavator, forklift or fit-for-purpose equipment before the revenue from the next job arrives.

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Initial discussion and assessment only. A formal lender enquiry occurs only with your consent.

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Lender focus

What lenders usually test

Asset

Is the equipment financeable?

Age, condition, resale market, supplier and serial numbers matter.

Use

Will the asset earn or protect revenue?

A lender wants to see how the equipment supports contracts, productivity or replacement of essential assets.

Repayment

Can cash flow carry the repayment?

Even where the asset is good, the business must show repayment capacity and acceptable conduct.

Documents

What to prepare for equipment finance

A clean asset finance file usually includes the quote, supplier details, asset description, ABN/entity details, recent bank statements, financials where needed, and evidence of the work the asset supports.

  • Supplier quote or tax invoice
  • Asset make, model, year and serial details
  • Reason for purchase or replacement
  • Recent bank statements
  • Financials or BAS depending on amount and lender
  • Insurance and PPSR details where applicable
Structure

Term and balloon should fit the asset

Longer terms reduce monthly repayments but may not suit every asset. Balloons can help cash flow but create refinance or payout risk at the end. The structure should match useful life and business cash flow.

How it works

A clear path from enquiry to lender decision

We organise the information, test lender fit and keep the process moving.

1

Explain the situation

Tell us what has happened, what the funds are for, how much is needed and when a decision is required.

2

Check lender fit

We review conduct, cash flow, security, documents and policy fit before choosing a sensible lender path.

3

Build the credit story

We organise the facts into a clean submission so the lender can understand the purpose, numbers and risks.

4

Compare the trade-offs

You see structure, cost, conditions and next steps before deciding whether to proceed with a formal application.

Frequently asked questions

Questions business owners ask before applying

Often yes, if the asset is identifiable, in acceptable condition and from a supplier acceptable to the lender.

It depends on the asset, amount, borrower profile, lender and whether there is a strong resale market.

Sometimes, but speed depends on documents, asset details, amount, lender appetite and conduct.

Keep researching
Solution

Equipment finance

Main guide to business asset finance.

Read more →Industry

Trades and construction finance

Industry page for construction and trade businesses.

Read more →Checklist

Document checklist

Prepare before applying.

Read more →
Talk through the options

Finance the asset without weakening the job

We can help compare structure, term, balloon and lender fit before you commit to the equipment purchase.

See your optionsCall (02) 8313 3879
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