Equipment Finance
Equipment Finance for Perth Businesses – Served by Brokers Since 1994
If you want to grow your business, we’ll help you get the tools you need.
Perth businesses across trades, construction, healthcare, and hospitality rely on Southshore Finance to structure equipment finance that works for their cash flow – not just their balance sheet. Since 1994, we’ve helped WA businesses acquire the vehicles, machinery, and technology they need without tying up working capital.
As an MFAA-accredited finance broker in Perth with access to a wide panel of banks and non-bank lenders, we do the legwork of comparing structures, rates, and terms on your behalf – so you get the right facility for your business, not just the first one that comes back approved.
Get in touch with the Southshore Finance team today to find the right solution for your business.
What is Equipment Finance?
Equipment finance refers to a loan or lease that is used to acquire business equipment or other physical assets for all types of industries. Our equipment finance service covers everything from office equipment to earthmoving equipment and motor vehicles.
As a business owner, receiving equipment finance ensures that your capital investments are much smaller up front. This leaves you with working capital to finance regular operations and explore any new business opportunities that may arise. In all circumstances, please involve your accountant to find the best solution for your business.
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Phone: 08 9474 1999
Fax: 08 9474 1542
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Equipment Finance Options We Offer
Finance Leases
Under a finance lease, the ownership of the equipment rests with the lessor. When the lease expiries, you may make an offer to the lessor to acquire the asset at the residual amount. You may also return the good to the lessor.
When to consider: For businesses that may require the equipment for the full period of its useful life, but don’t have the capital to spend straight away.
Operating Leases
Operating leases act as a basic rental agreement. Throughout the lease period, ownership of the equipment remains with the lessor. When the lease is over, the equipment is either returned to the lessor or purchased by your business for an agreed price.
When to consider: For business owners that don’t require the equipment for the full period of its useful life.
Novated Leases
Novated leasing offers flexibility when procuring a vehicle as part of an employee’s salary package. Business employees may lease a vehicle during their period of employment, while their employer pays the rental directly from the employee’s salary.
When to consider: For business owners looking to finance a new or used car.
Chattel Mortgages
Under chattel mortgages (traditional secured loan), the equipment is owned by your business. The interest component of payment is tax deductible, allowing you to claim depreciation deductions on the equipment. Benefits also include the fact that you may pay the loan down to zero over any term without the need of a balloon payment.
When to consider: For business owners looking to buy a business car, vehicle, or equipment with finance.
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What Types of Equipment Can Be Financed?
There’s a broad range of equipment that can be financed. This can include, but is not limited to.
- Office printers
- Office fit-outs
- Heavy machinery
- Earthmoving equipment
- Industrial cleaning equipment
- Commercial cooking appliances
- Coffee machines
- Medical equipment
- Varied trade tools
- Earthmoving equipment
- Vehicles
How to Get Started On Equipment Financing
To get started your business will need to meet some basic qualification criteria, such as having both your Australian Business Number (ABN) and Goods and Services Tax (GST) register for a minimum of 24 months.
To apply for equipment finance, you will need to supply proof of business registration, financial records, and the details of the asset you wish to purchase. You may also need to supply bank statements and cash flow forecasts, to prove the financial status of your business and help the process move quickly.
How Southshore Help With Equipment Finance
Using a finance broker for your equipment finance needs saves you valuable time and connects you with competitive prices. As one of Perth’s most established commercial finance brokers, our team will make sure you get the perfect business finance to purchase your business assets. For an obligation-free phone consultation, contact us today.
Equipment Finance FAQs
What is the minimum ABN age for equipment finance in Australia?
Most lenders require your ABN and GST registration to have been active for a minimum of 24 months. Some non-bank lenders will consider businesses with a shorter trading history, though this typically comes with additional conditions. If your business is under two years old, speak to a broker about which lenders on the panel are most likely to consider your application.
What's the difference between a chattel mortgage and a finance lease?
With a chattel mortgage, your business owns the equipment from day one and the loan is secured against it – the interest component is tax deductible and you can claim depreciation. With a finance lease, the lender retains ownership during the term and you make regular payments to use the asset. At the end of the lease you can purchase, return, or refinance the equipment. The right structure depends on your cash flow, tax position, and whether long-term ownership matters to your business.
Can I get equipment finance with bad credit in WA?
A difficult credit history doesn’t automatically disqualify you. Some lenders on our panel are more flexible with credit assessments, particularly where the equipment itself provides strong security and the business has consistent trading history. The key is targeting the right lender from the outset rather than applying broadly and accumulating enquiries on your credit file. Our team can assess your position and identify the most appropriate path forward.
How much deposit do I need for equipment finance?
Many equipment finance facilities require little to no deposit, particularly for new assets with strong resale value. Where a deposit is required it typically ranges from 10-20% of the asset value, depending on the lender, the equipment type, and your business’s financial position. Older equipment or assets in niche markets may attract higher deposit requirements due to valuation uncertainty.
Contact Southshore Finance
If you’d like to know more about business finance, simply fill out the below contact form and we will get back to you shortly.
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