Call 1300 664 681

Business Loan Broker in Melbourne

Use our easy car loan calculator to figure out how much you could borrow

Compare equipment loan rates online

Investing in new assets such as plant, machinery and equipment are major decisions for most business operators. Decisions which can involve a raft of considerations, planning, forecasting and budgeting. Key to the feasibility of major asset acquisitions can be the plant loans and especially the finance rates.

Sourcing the cheapest, most cost-effective and workable solution can involve time consuming and complicated, research and analysis of the finance options and interest rates available across the commercial lending market. Or it can involve one phone call to Better Money. It’s your time, it’s your choice.

Asset finance can be complex but comparing finance rates can be quick, simple and extremely straightforward through Better Money.

Australia's best equipment finance. Get your rate today.

Business Finance Broker Melbourne

Comparing Equipment Loan Rates from 60+ Banks and Lenders

There are in the vicinity of 60+ banks, financial institutions, non-bank lenders and other credit providers in the commercial lending sector. Better Money is accredited with the vast majority of the leading providers. Providing us and our customers with instant access to comparing the rates available across a significant cross-section of the market.

Rates offered by lenders fluctuate over time and for different industries. Our high level connections and resources provide us with the industry level knowledge as to which lender is currently offering the cheapest rates in a particular industry sector. This intel can be critical in quickly sourcing cheaper rates an cheaper funding solutions.

Some of our car loan lenders

Equipment Financing – All Industries, All Business Set-ups, All Machinery

Checklist for comparing equipment finance rates and increasing the prospect of the best offer –

  • Is the lender a specialist commercial lender or primarily involved with consumer loans? Better Money specialises in commercial lending.
  • Does the lender have experience in your industry sector? Better Money has experience across many Australian industries.
  • Does the lender offer a credit product that suits your business set-up? Better Money offers a complete portfolio.
  • Is the lender open to negotiating on interest rates? Better Money has access to non-bank lenders known for the willingness to negotiate on rates and conditions.
  • Does the lender have flexible application requirements to allow for different business circumstances? Better Money offers no doc, low doc and bad credit options and can negotiate on loan conditions.
  • Do the minimum and maximum credit limits suit your requirements? Better Money has access to lenders with credit limits to suit most asset acquisitions.
  • Does the lender offer up to 7 year terms to minimise repayments? Better Money offers up to 7- year fixed term finance to minimise monthly outgoing and keep overheads on budget.
  • Are the lender services easily accessible for you? Better Money offers services Australia-wide
  • Are the rates advertised as cheap as can be achieved through Better Money?

All plant and machinery can be eligible for funding, but the interest rates may differ for the type of goods, for the industry sector and for the individual operation. While using an equipment financing calculator can be extremely useful for planning purposes, requesting a quote and getting approved for a loan can be a better way to go. Through Better Money, quotes and pre-approvals are obligation-free. If you don’t proceed with our cheap offer, it’s not a problem.

  • Asset acquisition funding is available across all industry sectors.
  • Construction, mining, resources, hospitality and catering, business services, IT and creative fields, hairdressing and beauty services, health and fitness, medical and aged care services, earthmoving and civil works, engineering, manufacturing, transport and logistics, warehousing and distribution and many others.
  • All types of business entities can apply – partnership, corporation, sole trader, family enterprise, SME, owner-operator, ABN holder only

Equipment Loan Questions & Answers

Better Money Finance handles every loan individually, please feel free to contact us via email or phone on 1300 000 008 to direct your specific issues to our consultants.

Yes. Finance is available for all types of gym gear used in Gyms. The rates can vary based on industry, lender and for individual categories of goods.

The tax deductions vary for the different loan products. Leasing payments are full tax deductible. Interest on Chattel Mortgage repayments is tax deductible but the balance of the monthly repayment is not. A deduction is realised through depreciation of the asset. You should refer to your accountant for any tax advice.

Yes. Applications for financing can be processed through to the approved stage based on an estimated loan amount. Offers are valid for a limited period. The loan amount is finalised when the purchase is made.

New start-up operators that do not have all the documents required for equipment loans can apply for low doc and no doc loans through specialist lenders that offer these credit facilities

The tax deductions vary for the different loan products. Leasing payments are full tax deductible. Interest on Chattel Mortgage repayments is tax deductible but the balance of the monthly repayment is not. A deduction is realised through depreciation of the asset. You should refer to your accountant for any tax advice.

Yes. Finance is available for all types of gym gear used in Gyms. The rates can vary based on industry, lender and for individual categories of goods.

When comparing lenders, rates and credit products, Better Money answers all the important questions!

Better Money meets all those necessary criteria and has the experience acquired over several decades in achieving workable, cost-effective asset funding solutions for all types of operators across a vast range of industry sectors. Our consultants are ready to answer your call and your request for a quick quote and fast approval for cheaper funding on your new assets.

Asset acquisition funding products include:

  • Asset Rental: Referred to as Rent to Own or Rent to Buy this is an off-balance sheet facility which is often preferred by operators that upgrade machinery more regularly.
  • Chattel Mortgage: Most widely used due to flexibility, cheaper interest rate and secured loan format. Suits most entities and most machinery types. Suitable for accelerated asset depreciation measures such as temporary full expensing.
  • Asset Leasing: Off-balance sheet funding for entities that do not want the asset appearing on their balance sheet. Monthly payments are fully tax deductible and rates negotiable.
  • Commercial Hire Purchase: Hybrid of features available on Chattel Mortgage and Leasing. Not as popular currently as other forms of finance but still available and attracts cheaper rates than other products.
  • Refinancing: Restructure and reprice existing credit to achieve cheaper rates, lower repayments or combine multiple commitments into one.

Low Doc and No Doc options available across our full portfolio. Speak with a Better Money consultant about the right product for your requirements.

Tags: Business Loan Broker Melbourne, Business Finance Broker Melbourne, Business Loans Victoria, Small Business Finance Melbourne