Your Finance Specialists for Business Equipment Loans.
Boost productivity and efficiency with our tailored business equipment loan solutions at Ace Asset Finance.
About Business Equipment Finance
Business equipment finance refers to various loan options available for businesses to purchase necessary equipment. This includes chattel mortgages, low doc and full doc loans, and other tailored finance solutions.
At Ace Asset Finance, we have access to over 30 banks and lenders, helping businesses secure their equipment at the best interest rates. Whether the asset is new or second-hand, purchased from a dealer or a private vendor, we can assist with various finance options to support your business operations.
A chattel mortgage is the most popular finance option for business equipment as the loan is secured by the equipment being purchased. This means businesses gain ownership of the equipment from the outset, with the mortgage held against it. One of the main advantages of a chattel mortgage is the potential tax benefits, as both the interest on the loan and the depreciation of the equipment can often be claimed as tax deductions.
Additionally, chattel mortgages offer flexible repayment terms, making it easier to manage cash flow.
Ace At A Glance
- Loan Amount: Ranges from $10,000 to $500,000+
- Loan Terms: Typically range from 12 months to 5 years
- Eligibility: Suitable for businesses Australia-wide with varying documentation levels (we work with both low doc and full doc applications)
- Approval Time: Same-day approvals are available for eligible applicants
- Lenders: Access to over 30 banks and lenders
- Loan Types: Includes options for both business use and personal use, with over-the-phone applications available
- Service Hours: Applications can be processed Monday to Sunday, from 8am to 8pm
What Type of Equipment Can I Get Financed?
Our business equipment finance service caters to a wide range of industries, providing tailored solutions to meet specific needs. Below are just some examples of the types of equipment that we can help you get financed.
Medical Equipment
We’ve helped optometrists, dentists and other healthcare professionals successfully finance their advanced and specialised equipment such as:
- Diagnostic machines
- Dental equipment
- Surgical tools and instruments
Construction/Trades Equipment
The construction and trade industries rely heavily on machinery and tools. Financing can help businesses instantly acquire necessary equipment such as:
- Power tools and generators
- Scaffolding and safety equipment
- Vehicles and machinery - tradie trailers, excavators, trucks, etc.
Professional Services
Professionals in various service industries often require specific vehicles and equipment to enhance their operations and service delivery. We help secure:
- Luxury commercial vehicles (e.g., BMW, Mercedes-Benz)
- Boats and yachts
- Office furniture, technology devices and systems, and fit-outs
Retail/Hospitality Equipment
Our finance options can help retail and hospitality businesses acquire the necessary tools and machinery to thrive in a competitive market, such as:
- Point of Sale (POS) systems and technology devices
- Furniture, fit-outs and fixtures
- Kitchen, cleaning and maintenance equipment
5 Simple Steps To Securing Your Business Equipment Loans
1. Apply
Fill out the online application form or contact us over the phone on 0401 956 234.
2. Documents
Submit necessary documents (ID, financial statements, business details).
3. Approval
Receive approval within 24 hours (for eligible applicants).
4. Contracts
Review and sign the finance agreements.
5. Settle
Get your equipment financed and ready to use.
Let Us Find You a Low Rate, Flexible Business Equipment Loan Today.
Whether you're upgrading technology, purchasing machinery, or investing in new tools, our team of finance specialists is here to assist you every step of the way.
With competitive rates, flexible terms, and personalised service, we'll help you secure the financing you need to equip your business for success.
Why Choose Ace Asset Finance?
Expert Guidance
With over two decades of experience in the asset finance industry, we deliver unmatched expertise in every consultation while providing tailored solutions that align with your individual needs.
Fast, Efficient Approvals
Our smooth approval process is designed for speed and efficiency, often delivering same-day results, so you can move forward with your asset purchases promptly.
Competitive Interest Rates
Unlock interest rates designed to fit your financial ambitions and budget, allowing you to maximize your investments and efficiently control your expenses.
Flexible Asset Financing
From vehicles and equipment to machinery and beyond, our extensive financing solutions cater to various asset types, giving you the adaptability and backing essential for your needs.
Why choose Ace Asset Finance?
Leveraging over two decades of expertise, we partner with 40+ lenders to secure personalised finance solutions for our valued clients.
Applying won't affect your credit score
Rest assured, when you apply for finance through Ace Asset Finance, your credit score will not be affected.
Expert help from our team
You will be guided by a dedicated finance broker every step of the way. Our aim is to make your experience with us seamless and effortless.
Competitive interest rates
At Ace Asset Finance, we to everything in our power to ensure your loan has the lowest possible interest rates.
Contact us today
40+ lenders to find you the best solution.
Frequently Asked Questions
What is a chattel mortgage, and how does it benefit my business?
A chattel mortgage is a type of loan where the equipment you purchase acts as security for the loan. This means you own the equipment from the start, and the lender holds a mortgage over it until the loan is repaid.
The benefits of a chattel mortgage include immediate ownership of the equipment, potential tax deductions on the interest and depreciation, and flexible repayment terms that can be tailored to your business’s cash flow.
What are the eligibility criteria for securing business equipment finance?
Eligibility criteria typically include having a good credit history, stable business cash flow, and the necessary documentation to support your application. We offer both low doc and full doc loan options, making it possible for businesses with varying levels of documentation to secure the financing they need.
Additionally, the type and value of the equipment being financed, as well as the specific lender’s requirements, will also influence eligibility.
How long does it take to get approved?
The approval process for business equipment finance can vary, but we strive to provide fast and efficient service. In many cases, same-day approvals are available for eligible applicants, with most applications being processed within 24 to 48 hours. Our streamlined process ensures you can get the equipment you need as quickly as possible.
Can I finance second-hand equipment, and does it matter if it’s from a dealer or a private vendor?
Yes, you can finance both new and second-hand equipment. It doesn’t matter if the equipment is purchased from a dealer or a private vendor; we can assist with various finance options to support your business operations. Financing second-hand equipment can be a cost-effective way to acquire the necessary tools and machinery for your business.
Why should I work with an asset broker rather than directly with a bank or lender?
Working with an asset broker, like Ace Asset Finance, offers several advantages. Brokers have access to a wide range of lenders and finance products, allowing us to find the best terms and rates tailored to your specific needs.
We want to save you time by handling the application process and negotiating the best interest rate on your behalf. Additionally, we provide personalised service and expert advice, helping you make informed decisions and ensuring you get the most suitable finance solution for your business.