Equipment & Asset Finance
Get hold of what you need to get going with our business use equipment finance services.
Safe and secure equipment loans for your business
Simply Finance is a leading provider of equipment and asset financing services. With years of experience in the industry, the Simply Finance brand has earned a reputation for providing comprehensive financing solutions that meet the needs of businesses across a variety of industries.
Whether you’re in manufacturing, construction, healthcare, or any other industry, understand that funding a business venture can be a frustrating and anxiety-inducing process. That’s why Simply Finance strives to make the financing process as straightforward and stress-free as possible. We work closely with our clients to understand their unique needs and provide tailored financing solutions that meet those needs. Our experienced team of professionals is committed to providing exceptional service and support every step of the way.
Reputable lenders
Talk with a range of trusted Australian lenders.
Competitive rates
Find competitive industry rates for your equipment loan.
Fast approval process
Get approval the same business day.
What equipment can I receive a loan for?
We know every business is different. If the equipment you need exists, has a valid serial number and is available within Australia, we can finance it.
Simply Finance offers finance solutions for a wide range of essential equipment and manufacturing process tools.
Manufacturing Process Solutions
As we all know, these machines can improve your productivity, reduce waste and improve QA. CNC machines, Laser/Plasma/Waterjet cutters, Shears, Punches and more, all help in these areas and lenders love to see them being utilised.
Robotics & Automation
We go above and beyond, offering finance solutions for a wide range of essential equipment, including robots/robotic systems, automated assembly machines & systems and industrial automation control. If the equipment you need exists and has a valid serial number, we can 100% finance it for you.
Plastics Technology
If you’re looking to finance plastic manufacturing equipment, you’ll find a wide range of machinery available to choose from. Plastic Extrusion, Injection Moulding, Blow Moulding and Plastic Additive Machinery are all available to be funded with our lender panel.
Additive Manufacturing/3D Printing
The Additive Manufacturing and 3D printing industry is growing. There are people 3D printing houses, printing artificial limbs, and even 3D printing organs, with bioprinting, to be used in transplant operations. The potential for this technology is beyond mind-blowing. However, being such a new industry, technology and equipment can be expensive, a barrier to entry for you with your brilliant ideas.
Welding & Air Solutions
Welding and air solutions encompass a broad range of tools that can be used for welding, cutting, and joining various materials, as well as for providing compressed air solutions. Common tools that can be financed are Welding machines, helmets, Plasma cutters, Air Compressors, tolls and more.
What types of loans are available to me?
At Simply Finance, we understand that every business is unique, which is why we offer a diverse range of financing options to help you secure the industrial equipment you need to succeed. Whether you’re looking for a chattel mortgage, low-doc loan, rent-to-buy/operating lease, or an instant asset write-off, we have a financing solution that can meet your specific requirements.
When you contact us, Simply Finance will endeavour to find the right loan for your company.
What is a low-doc loan?
A low-document (or low-doc) loan is a fast and easy way to secure financing
If you’re self-employed, a sole trader or a small business owner, the laundry list of details and documents that big banks or loan institutions ask for can be overwhelming.
Low-document loans just need proof of ID and some supporting information – simple, easy and fast!
What is a chattel mortgage?
A chattel mortgage is a great option if you use your equipment for your business at least 51% of the time
Your lender of choice will purchase your business equipment, register a chattel mortgage, fix an interest rate and set up a repayment schedule agreed to by you. Enjoy tax-deductible interest charges and depreciation if you own a small business.
- Fixed interest rate
- Flexible loan lengths ranging from one to seven years
- Residual value or balloon payments available
What is a rent to buy/operating lease?
Get all the perks of equipment ownership without the responsibility
Pay a fixed monthly lease or rental amount for the lifespan of your loan for ultimate business flexibility. Rest assured, asset leases are structured in line with ATO guidelines, sitting on the balance sheet as a business expense. Your options are…
- Pay your equipment’s remaining value and take ownership
- Make the switch or trade your gear
- Refinance outstanding payments
Why choose Simply Finance?
We provide unsecured letters of credit facilities to businesses, with in-house financial analysis before placing them with a lender.
This allows for tailored financial solutions to meet the long-term goals of your business, with access to 50 lenders, we provide more solutions than your Australia-wide high-street bank.
Now with no real estate security required, you should contact us today to find out more.
How to apply for Equipment & Asset Finance?
If you are looking to finance any robotics and automation equipment for your business, we offer business loans of all sizes to help your company grow.
To apply, you will need:
- Driver’s licence.
- A filled-out application form.
- A signed privacy statement.
- Equipment quote including the costs for all equipment needed.
FAQ’s
How much can I borrow for an equipment and asset loan?
Every business is different, and equipment needs will vary. If the equipment you need exists, has a valid serial number and is available within Australia, we can finance it.
How do I make repayments?
We can tailor the repayments to your needs. Typically they are made monthly however, we can structure them to come out at different intervals for you, even structure back in the GST rebate 4 months after you purchase! As long as the lender is flexible, then we can make it happen.
Can equipment loans be offset against tax?
GST
GST paid on any equipment can usually be claimed for a GST credit.
Instant Asset Write Of
You may also be eligible to apply for the Australian government’s Instant Asset Write Off, which allows you to deduct a portion of the cost immediately.
Looking for another type of loan?
If a business car loan is not what you need at the moment, try looking into our other loan options. We offer a variety of business loans and personal loans.
Whether you want to get that special something or you’re looking to make a business investment, we’re happy to help.
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