Equipment Finance

Benefits:

Level up

Upgrade or replace outdated equipment

Quick & easy

Easy approval process

Grow the business

Invest in the latest tools and technology to streamline operations

Low-Doc and Lite-Doc up to $1m

SpecialPrimarySecondaryTertiary
Property7.89%*8.49%9.99%13.49%
Non Property7.89%*10.99%12.49%17.49%

All application >1m are priced on application
* Special applies to the following assets: Cars, Commercial Vehicles & Yellow Goods (wheels & tracks)

Loadings

< 2yrs GST2.00%
EOT > 10yrs1.50%
EOT > 15yrs2.50%
Private Sale0.50%
Refinance & Cap Raise1.00%

Fees

Establishment Fee$495
Establishment Fee (Private Sale and Cap Raise)$695

Loan Terms

Asset Class3yrs4yrs5yrs7yrs
Primary50%40%40%0%
Secondary40%30%20%0%
Tertiary0%0%0%0%

Max End of Term age for balloons is 10yrs. Only eligible for Primary Assets

Requirements

Low-DocLite-DocFull-Doc
Loan Amount$25k - $250k$250k - $500k$250k - $2m
GST Registration24mths*
Credit ReferenceNot Required
Home OwnershipNot RequiredRequiredNot Required
DepositNot Required
Asset ClassPrimary, Secondary and Tertiary
Credit ScoreClear Business and Personal Score
Bank StatementsNot Required**Required
Financials / ATO StatementsNot RequiredRequired
Deal Type
NewYesYes
Used
Private
Sale & LeasebackN/A
Refinance
Capital Raise

* Less than 24mths GST registration may be accepted with deposit, or if property backed 

Allowable Entity Types

Acceptable
Private CompanyYes
Individual / Sole TraderYes (Bank Statements Required)
PartnershipsYes
Discretionary Trading TrustYes
Discretionary Investment TrustYes
Fixed Unit TrustYes
Australian Public CompanyYes

Assets

Asset ClassMax EOT AgeBank StatementsDoc Requirements
BusPrimary20yrs*Low-Doc, Lite-Doc, Full-Doc
Car - ElectricPrimary15yrsLow-Doc, Lite-Doc, Full-Doc
Car - Standard (Wagon, Sedan, Hatch etc)Primary20yrs*Low-Doc, Lite-Doc, Full-Doc
Commercial Vehicle - Tradie Utes, VansPrimary20yrs*Low-Doc, Lite-Doc, Full-Doc
Forklift / Scissor LiftPrimary20yrs*Low-Doc, Lite-Doc, Full-Doc
Other - PrimaryPrimaryN/ALow-Doc, Lite-Doc, Full-Doc
TrailerPrimary25yrs*RequiredLow-Doc, Lite-Doc, Full-Doc
Truck < 4.5tPrimary20yrs*Low-Doc, Lite-Doc, Full-Doc
Truck > 4.5tPrimary20yrs*Low-Doc, Lite-Doc, Full-Doc
Truck - Prime MoverPrimary20yrs*RequiredLow-Doc, Lite-Doc, Full-Doc
Yellow Goods - Wheels and TracksPrimary20yrsLow-Doc, Lite-Doc, Full-Doc
Car - ClassicSecondaryN/AFull-Doc
Car - LuxurySecondary15yrsLite-Doc
Car - ExoticSecondary15yrsFull-doc
ConveyorsSecondaryN/AFull-Doc
Mining Equipment - Above GroundSecondary20yrsLow-Doc, Lite-Doc, Full-Doc
Mining Equipment - CoalSecondaryN/AFull-Doc
Mobile Agriculture & Farming EquipmentSecondary20yrsLow-Doc, Lite-Doc, Full-Doc
Mobile Cranes / Lifting < 25TSecondary20yrsLow-Doc, Lite-Doc, Full-Doc
Other - SecondarySecondaryN/ALow-Doc, Lite-Doc, Full-Doc
Packaging Manufacturing EquipmentSecondary20yrsLow-Doc, Lite-Doc, Full-Doc
Pharmaceutical Production EquipmentSecondary20yrsLow-Doc, Lite-Doc, Full-Doc
Recycling Equipment & MURF PlantSecondary20yrsLow-Doc, Lite-Doc, Full-Doc
Steel Engineering & FabricationSecondary20yrsLow-Doc, Lite-Doc, Full-Doc
Wine & Beer, Processing Packaging & FarmingSecondary20yrsLow-Doc, Lite-Doc, Full-Doc
Wood Working & FabrificationSecondary20yrsLow-Doc, Lite-Doc, Full-Doc
Yellow Goods - not wheels or tracksSecondary20yrsLow-Doc, Lite-Doc, Full-Doc
Air Conditioning / CoolingTertiaryN/AFull-Doc
Aircraft (Excluding Drones)TertiaryN/AFull-Doc
Beauticians / HairdressersTertiaryN/AFull-Doc
BoatsTertiaryN/AFull-Doc
CaravanTertiaryN/ALow-Doc, Lite-Doc, Full-Doc
Catering / HospitalityTertiaryN/ALow-Doc, Lite-Doc, Full-Doc
Commercial CleaningTertiaryN/ALow-Doc, Lite-Doc, Full-Doc
Commercial FitoutTertiaryN/AFull-Doc
Commercial Laundry (no consumables or non affixed)TertiaryN/ALow-Doc, Lite-Doc, Full-Doc
Cool Rooms / RefrigerationTertiaryN/AFull-Doc
DronesTertiaryN/ALow-Doc, Lite-Doc, Full-Doc
Environment Portable Hand Tools, Sampling, Testing & Lab EquipmentTertiaryN/AFull-Doc
Event HireTertiaryN/AFull-Doc
Film & Video ProductionTertiaryN/AFull-Doc
Food & Beverage Production Equipment (no consumables and non affixed)TertiaryN/ALow-Doc, Lite-Doc, Full-Doc
Food Vans - Not FittedTertiaryN/ALow-Doc, Lite-Doc, Full-Doc
FormworkingTertiaryN/AFull-Doc
Golf CartsTertiaryN/ALow-Doc, Lite-Doc, Full-Doc
Gym EquipmentTertiaryN/ALow-Doc, Lite-Doc, Full-Doc
Horizontal Drilling & BoringTertiary20yrsLow-Doc, Lite-Doc, Full-Doc
IT EquipmentTertiaryN/AFull-Doc
Loose FurnitureTertiaryN/AFull-Doc
Medical, Dentistry, Imaging, Testing EquipmentTertiary20yrsLow-Doc, Lite-Doc, Full-Doc
Mining - Below GroundTertiaryN/AFull-Doc
Mobile Cranes / Lifting >25T or Fixed CranesTertiaryN/AFull-Doc
Motorcycle / MotorbikesTertiaryN/ALow-Doc, Lite-Doc, Full-Doc
Other - TertiaryTertiaryN/ALow-Doc, Lite-Doc, Full-Doc
PalletsTertiaryN/AFull-Doc
Point of Sale EquipmentTertiaryN/AFull-Doc
Portable Staging & SeatingTertiaryN/AFull-Doc
Printing EquipmentTertiary20yrsFull-Doc
PumpingTertiaryN/AFull-Doc
Quad BikesTertiaryN/AFull-Doc
Renewable (Excluding Fixed Solar)Tertiary20yrsLow-Doc, Lite-Doc, Full-Doc
Shipping ContainersTertiaryN/AFull-Doc
Solar PanelsTertiaryN/AFull-Doc
Sound & LightingTertiaryN/AFull-Doc
Spray Booths / DryingTertiaryN/AFull-Doc
Vertical (Exploration) DrillingTertiaryN/ALow-Doc, Lite-Doc, Full-Doc

Brokerage & Origination Fee

Brokerageup to 5%
Origination feesUp to $900 + GST
Moneytech
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