Equipment financewithout locking up the asset.

When a business needs a ute, a machine, or a piece of kit that unlocks the next job, the default product in Australia is often asset-backed equipment finance. That can be the right fit. It is not the only fit. If you would rather not tie the loan to the asset, an unsecured business loan can fund the same purchase.

TurnoverLoans.com treats equipment purchase as a use of funds, not as a separate secured product. You tell us what you need and what the business turns over. See if you qualify →.

Unsecured funding for equipment, not a charge over it

A chattel mortgage or hire-purchase facility typically uses the equipment as security. That can mean a cheaper headline rate, and it can also mean the lender has a claim on the asset if things go wrong. Our qualification check does not ask for that. The loan is still a business loan, assessed on turnover and trading history, in the $50,000 to $3 million range.

If you already know you want a secured equipment facility, this is not that page. If you want to buy equipment without starting from collateral, keep going.

What owners typically fund

• Vehicles and plant used in the trade
• Workshop, warehouse or production machinery
• Tools and specialised equipment that the business cannot hire forever
• Fixtures that sit closer to a fitout than a single machine

If the purchase is really stock you will sell, inventory and stock finance is the closer page. If it is cash to keep the business moving while you wait on invoices, look at working capital.

How much you could put toward equipment

There is no equipment-specific limit separate from the rest of the product. The range is still $50,000 to $3 million, and how much you can borrow from turnover is the same question as on any other purpose. The qualification check gives an indicative maximum. Any actual offer is subject to assessment.