Asset finance
If your business is looking for funds to purchase equipment, Earlypay offers flexible finance solutions that can safeguard your cash flow and provide you with the funds needed to grow. Our straightforward process requires only essential financial details in most cases, allowing us to provide loans ranging from $50k to $1.5 million.
- Finance amounts of$50k to $1.5 million
- Interest rates from9.75% p.a
Wheels and Tracks
Improve productivity and stay ahead of your competitors without the large upfront capital outlay, by financing your next equipment purchase or upgrade. Enhance productivity and maintain a competitive edge without the need for a significant upfront investment. Finance your upcoming equipment purchase or upgrade to propel your productivity forward.
Get Started NowAssets we finance
- Trucks
- Trailers
- Buses
- Passenger vehicles
- Civil construction equipment
- Excavators
- Loaders
- Forklifts
- Mobile Cranes
- Lifting Equipment
- Forestry Equipment
- Farming Equipment
How We Help
Tailored to you
We tailor your Asset Finance solution to ensure your cash flow position is optimised for your current needs and future growth.
A little or a lot
Whether you need $50,000 or $1,500,000, Earlypay Asset Finance has your business finance needs covered.
New, used and more
New, used or existing assets are all considered with Earlypay Asset Finance. We can also help with mid-term re-financing and debt consolidations.
Activate the equity in what you own
Do you have capital tied up in your assets? We can help you release the equity in your existing business assets to stabilise cash flow, fund future growth or get on top of tax debt.
Frequently asked questions
What is Asset Finance and who is it for?
Asset financing is a type of business loan that helps businesses obtain the assets they need to operate and grow their business. It is often utilised by businesses that require equipment or vehicles and want to preserve their working capital by not funding it themselves upfront.
Asset Finance can be accessed through a bank, finance company (like Earlypay) or through asset finance brokers.
How does Asset Finance work?
Asset finance provides a lump sum so you can purchase an asset for your business. Generally, the asset purchased (for example, a truck) will be used as the security asset for the loan. The borrower pays an agreed-upon amount periodically (generally monthly repayments) to repay the amount borrowed as well as the interest charges (which depend on the interest rates).
To learn more about Asset Finance, please call us today. Alternatively, reach out to your BDM or asset finance broker.
What are the different types of asset finance options?
There are a few options regarding the different types of finance solutions available to help a business purchase assets. The main types of asset finance includes:
- hire purchase,
- finance lease,
- operating lease,
- novated lease,
- chattel mortgage.
If you're unsure of the type of finance that will suit your business needs best, it is always a good idea to seek advice from a trusted professional.
How much equipment finance can I get?
We can provide anywhere between $50,000 and $1,500,000 of finance for equipment and vehicles.
How long will I have to repay the finance?
Our short-term Asset Finance ranges from 24 months to 60 months.
What types of equipment and vehicles will you finance? We can finance a wide range of assets to help your business grow and/or become more efficient. Some types of assets that can be financed include:
Wheels & Tracks
- Trucks, Trailers, Passenger vehicles and Forklifts.
- Construction and Earthmoving, Farming equipment, Forestry equipment, Quarrying Equipment, Mobile Cranes and Lifting Equipment
Business Equipment
- Manufacturing, Steel Engineering and metalworking, Landscaping, Cleaning, Printing and other equipment for a broad range of industries.
Please contact us to confirm.
Can you provide finance against old and used equipment?
We will consider assets of any age for finance. An independent valuer will assess the amount you can borrow against older and used assets.
What are my purchase options?
Your funding will be available for your equipment or vehicle the next working day after your application is approved.
Will Equipment Financing work for my business?
Yes! It can help improve cash flow, free up capital and reduce upfront costs.