Asset and Equipment Finance
At Growth Point Capital with our ability to access over 40 Lenders we have been able to help 86% of our visitors just like you to get financed! Join over 2,000 clients who have borrowed over $3 Billion in the last 3 years alone!
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Testimonials
Fast finance for all equipment big and small
Looking for a loan for some equipment or other assets? Our brokers are experts at finding a loan solution for purchases large and small. We help large businesses with finance for fleets of heavy machinery through to smaller operators who only require two or three pieces of equipment.
Some of the types of equipment we finance include:
- Trucks
- Trailers
- Tractors and farm machinery
- Earthmoving equipment
- Construction equipment including forklifts and scissor lifts
- Boats and other marine equipment
- Computers, printers and other office hardware
- Hospitality equipment
We can also help with finance for second-hand and used equipment.
Our Asset Finance Team will work to understand your business model, your operations and your industry to ensure they find the finance product for you.
Along with finding the tailored solution for your current purchase, we can also help your business continue to grow by setting up approval limits for future purchases so that you don’t need to restart the process every time.
We’ll ensure you have a great outcome for fast equipment finance. After all, alongside a good team, the equipment you use can define your business.
For an obligation free discussion, call or email us today.
FAQs
Once we’ve received all your details, we can usually get your loan approved within 24 hours. If you need finance in a hurry, let us know and we’ll always do our best to get you fast finance.
The amount you can borrow will depend on your ability to service the loan you are wanting to apply for. With a quick phone consultation, our team can assist in calculating this for you so you know exactly how much you can borrow.
A secured loan is a loan where the equipment / asset becomes security for the loan you are taking out. As the borrower, you put the equipment up as collateral to the lender for the loan. With a secured loan, the interest rate on your loan is generally lower.
A balloon payment is a lump sum payment that you make at the end of your loan term. By leaving a lump sum payment until the end of the loan, your weekly or monthly loan repayments are reduced. You still however pay interest on the balloon amount during the loan term.
You will need to weigh up the benefits of choosing an equipment loan with a balloon payment. If you have a strict budget, having a balloon may assist. A balloon payment may cost you more however over the life of a loan and you will need to make sure you have the cash available to pay out the balloon at the end of the loan term or you can usually rollover the balloon payment into another loan.
If you like to upgrade your equipment every few years, a balloon payment might be an option to consider. It is possible to sell or trade in your car while you still have a balloon in place. Selling or trading in your car allows you to pay out the balloon payment at the end of the loan term and buy a new car with a new loan or with cash.
Yes, a loan for second hand or used cars or equipment is much the same as for new equipment however there are some things you need to be mindful of. Check out our article below to find out more.
The loan term on equipment and assets is usually 5 years however you can opt for shorter or longer term loans depending on your needs and your circumstances.
If you provide us with some general information on what it is you’d like to finance and how much you’d like to borrow, our team will call you and take further details over the phone. We’ll then find some finance options for you and let you know what other information is required. When you’ve given us the go ahead we’ll lodge the application for you and keep you up to date on its progress. Our goal is to save you time and energy by doing the hard work for you.
The information you need to provide depends on what type of loan you are seeking and how much you are looking to borrow. If you need fast finance, we have options for low doc and alt doc loans to make things easier. Read our article below to find out more.
Yes, you can get a loan for any type of equipment, whether it’s specialised farming equipment or new technology, hospitality or medical equipment, we will find a solution that works best for your business.
Yes, it is possible to obtain a loan if you are a new business or have a new ABN. If you don’t yet have years of financial figures, there are other things you can provide to prove your business will be able to service a loan. Read our article below to find out more.
Yes, if you think you’d like to make additional payments on your loan, let us know and we’ll make sure your loan is tailored to suit your needs.
Using a broker can save you time and money. We have access to more than 30 lenders so we can look at different options for you rather than just relying on your usual bank. Our brokers keep up to date with the latest products on offer from the various lenders so they will make sure you are provided with the best finance solution for your needs. We also do the legwork for you when it comes to getting a loan, liaising with the lender on your behalf, saving you time and energy.
Alt Doc and Low Doc Equipment Finance Options
If you’re in a hurry for finance, an alt doc or low doc equipment loan might be an option for you.
Looking for finance for second hand equipment?
What to consider when looking for finance for second hand equipment for your business. Many businesses choose to purchase second ...
Equipment loans – how to get one with a new ABN?
If you’re a new business looking for equipment loans then there are a few things you need to consider
Finance Products
Some of the Finance Products we offer include:
Chattel Mortgage / Equipment Loan
A common form of asset finance, this type of loan works as a loan agreement where the borrower provides security for the loan through a mortgage over the equipment being financed.
Lease / Novated Lease
There are a different types of leases available. A Finance Lease may give the lender legal title during the lease period and the lessee an option to take ownership of the asset at the end of the lease period. An Operating Lease will need to be returned at the end of the term and a Novated Lease includes an agreement with the purchaser’s employer who makes the monthly repayments from the employee’s pre-tax income.
Hire Purchase
During a Hire Purchase, the lender owns the equipment and the hirer makes regular instalments to the bank. Ownership is transferred to the hirer once the final repayment is made.
Insurance Premium Finance
We can assist you in sourcing finance for your insurance premiums for your assets and equipment, making sure we find the best loan options for your business.
Consumer Loan
A consumer loan will allow you as an individual, rather than as a business, to purchase assets and equipment. We’ll find a loan with the best features and benefits for you.
Fleet Finance & Fleet Registration Finance
You may wish to seek finance to purchase a fleet of vehicles or machinery for your business along with the registration fees required. We can look at finance options for both of these for you.
Our Industry Memberships
Growth Point Capital Pty Ltd ABN 93 162 936 101 trading as Growth Point Capital | GPC Asset Finance Pty Ltd ACN 645 252 437
GPC Asset Finance Pty Ltd | ACN 645 252 437 is an authorized credit representative 538727 of National Finance Connections Pty Ltd | ACN 661 296 457 | Australian Credit Licence 543046.
*Disclaimer: This website is designed to provide you with factual information only. This information contained within does not take into account your needs, objectives or financial situation. To understand whether a credit product is right for you speak to one of our licensed Finance Brokers. Terms, conditions, fee’s charges and minimum loan amounts apply. Credit is subject to approval by the credit provider under their responsible lending policy. Rates of interest are determined by the credit provider and are based upon your unique credit profile and are subject to change.
Investment opportunities are managed by Growth Point Capital’s funds management arm, Growth Point Capital Private Mortgages ACN 664 429 261. The information contained on this website does not take into account a recipient’s objectives, financial circumstances or needs. Investment is limited to ‘Sophisticated Investors’ who must formally register with Growth Point Capital and Growth Point Capital Private Mortgages.
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