Equipment Finance

An equipment loan lets your business borrow funds to purchase the machinery, tools, or technology you need to operate and grow — then repay it over time. Equipment loans are also known as chattel mortgages, where the asset is used as security for the loan. From forklifts to commercial kitchens to medical equipment, Ezilend can help. Let’s get your business equipped!

The list is broad! Construction machinery, earthmoving equipment, farming equipment, restaurant and hospitality fit-outs, medical and dental equipment, IT and technology hardware, manufacturing machinery, and much more. If your business uses it to generate income, there’s a good chance we can finance it.

The main options include an equipment loan (chattel mortgage) where the asset is used as security; hire purchase, which gives you immediate use while paying it off over a fixed term with ownership transferred after the last payment; and a finance lease where you rent the equipment and return it at the end of the term. Your Ezilend broker will help you choose the right structure for your business needs and tax position.

Many equipment finance products are available with no deposit required, meaning the lender funds the full purchase price. This is great for preserving working capital in your business. Where a deposit is required, it will generally result in a lower interest rate or better approval odds.

At a minimum, you’ll typically need an active ABN, some trading history, and the ability to demonstrate that the business can service the loan. Low-doc options are available for eligible ABN holders who can’t provide full financials. Give Ezilend a call and we’ll tell you quickly what’s achievable for your situation.

Yes — and this is one of the real benefits of business equipment finance! Chattel mortgages allow you to claim GST on the purchase price upfront and the interest is tax deductible. Instant asset write-off may also apply depending on the value of the asset and your business size. Always speak with your accountant to maximise the benefit.

Yes, in most cases! Lenders will assess the age and condition of the equipment, but used assets are commonly financed — particularly when buying from reputable dealers. Private sale equipment finance is also available through Ezilend.

A balloon payment is a lump sum paid at the end of your loan term. With a balloon payment, your monthly repayments will be lower, but you’ll pay more interest overall. It’s a useful tool for managing cash flow during the loan term — especially for seasonal businesses. Ask your Ezilend broker whether it makes sense for your situation.

Equipment loan terms generally range from 1 to 7 years, depending on the lender and the type and age of the asset. Longer terms reduce monthly repayments but increase total interest paid. We’ll help you find the right balance for your business.

Simple! Get in touch with Ezilend, tell us what equipment you need and a bit about your business, and we’ll take it from there. We work with a broad panel of equipment finance lenders and do all the comparison work for you. Fast approvals, friendly service, and finance that actually fits your business. Let’s build something great together!