Equipment Finance for Australian Business
- Finance amounts ofUp to $1.5 million
- Rates from8.99% p.a
Earlypay is the lender for real-world SME equipment finance
Equipment finance is often used to purchase new assets, vehicles, and machinery. But, did you know? It can also support other business needs, including
- Increasing your working capital
- Overcoming cash flow challenges quickly
- Replacing ageing equipment
- Managing outstanding ATO debt
- Hiring more staff
- Funding new business growth opportunities
Improve cash flow or acquire the equipment you need
Through our Equipment Finance capability, our team of experts can help you refinance existing assets, unlock capital from owned equipment and fund new vehicles and equipment.
Capital Raise
Are cashflow related challenges impacting business growth and daily operations?
Unlock working capital by leveraging owned assets to support growth, liquidity or balance-sheet requirements and keep your business moving forward.
Refinance
Wanting to optimise how you expense your existing business assets and refinance?
We can help you refinance existing equipment to realign your funding with your business needs or improve cashflow while also giving you more predictable repayment terms, and a clearer financial structure
Asset Purchase
Purchasing additional new or used assets from a private dealer or seller?
Fund the acquisition of additional equipment - new or used - particularly where speed, asset flexibility or credit judgement are critical, so that you can focus on achieving your business goals sooner.
The Earlypay difference
Capital structure expertise
Unlock capital from your existing equipment, even if they're already financed, to strengthen cash flow and accelerate growth with zero operational disruption
Broad asset appetite
We have an appetite for older or non-standard assets and niche industries with a commercial and pragmatic approach to valuations
Pragmatic credit judgement
Our credit decisions are based on real performance, not rigid scorecards, with tailored assessments for businesses experiencing variable income, complex structures or transitional periods
Transparent pricing
We pride ourselves on straightforward pricing with a clear rate structure that is well aligned with asset type and risk
Integrated funding solutions
Our team of experts can integrate Equipment Finance with other working capital solutions where more holistic funding is needed
Predictable execution
You can rely on Earlypay to deliver a consistent credit approach with access to credit decision makers throughout the entire process
Earlypay supports Australian businesses where asset funding and working capital intersect
If you satisfy the straightforward eligibility below, we'd love to hear from you:
- Trading history of 2+ years
- Registered for GST
- Funding needs of up to $1.5M (working capital solutions can be combined for higher funding needs)
What can you finance?
Whether you need to replace ageing machinery, scale up for a new contract, keep operations moving without delays or cash‑flow pressure, or even if you’ve had trouble securing equipment finance elsewhere, Earlypay is here to help.
Assets we finance
Talk to an expert
If you're in Brisbane, Perth, Adelaide, Melbourne, Sydney, or anywhere in between, start a chat with our experienced team of experts and get personalised support so that you can focus on business, not finance.
Get in touch
Frequently asked questions
What is equipment finance and who is it for?
Equipment financing is a funding solution that helps businesses obtain the equipment they need to operate and grow their business. It is well suited to businesses that require equipment or vehicles and want to preserve their working capital by not funding it themselves upfront.
Questions about how vehicle and equipment financing works
How much equipment finance can I get?
We can provide anywhere between $50,000 and $1,500,000 of finance for vehicle and equipment purchases.
How long will I have to repay the finance?
Our equipment finance terms range from 24 months to 60 months. Your equipment loan repayments will be spread across the agreed period.
What types of equipment and vehicles will you finance?
If you're looking at financing equipment, 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 equipment loans 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?
You have the freedom to purchase new or used assets, through a dealer or privately.
How long will it take to get the equipment or vehicle?
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?
Equipment finance can help improve cash flow, free up capital and reduce upfront costs. If you're looking to purchase or upgrade equipment without outlaying money upfront, equipment financing might be the right option for your business.
What is a balloon payment?
A balloon payment is a lump sum due at the end of the loan term. It forms part of the principal balance, so by repaying this lump sum at the end of the term, your repayments are lower throughout the loan term.
What is a chattel mortgage?
A chattel mortgage is the legal term for a finance agreement where the asset being purchased with the funds, is used as security against the loan. Essentially, it is a secured equipment loan.
What is sale-back finance?
Sale-back finance is a type of equipment finance where a loan is secured by assets the business already owns. It is a way business owners can access capital from their existing equipment for cash flow support. It falls under commercial finance options used for capital raising purposes.