Equipment Loans can help whether you’re starting a new business, expanding operations or upgrading outdated tools, allowing you to access the machinery and assets you need without paying the full cost upfront.
At Open Doors Finance – Mortgage Brokers, we outline your available options, explain lender requirements and support you through the process from application to settlement.
We help you make informed decisions based on your goals, cashflow and long-term plans.
Equipment finance allows businesses to purchase or lease assets over time. Instead of using large upfront capital, lenders provide funding that is repaid through structured instalments.
It can be used for a wide range of business equipment, depending on lender policy and your industry needs.
We begin by reviewing your operations, cashflow, industry and purpose of the asset.
We explain the differences between loans, leases and hire arrangements, based on your needs.
Lenders consider business age, revenue, industry type, asset class, security position and repayment capacity.
We help you understand these requirements early.
We assist with tax returns, BAS statements, financials, bank statements, ID and quotes needed for assessment.
Once approved, we guide you through settlement, equipment purchase steps and lender documentation.
Before choosing equipment finance, it’s important to understand:
We help simplify the process so you can focus on your business.
A common structure where you own the equipment from day one, while the lender takes security over the asset.
A standard business loan used to purchase equipment.
You lease the equipment from the lender for an agreed term, with potential options at the end (dependant on lender policy).
Often used for short-term or rapidly depreciating items. At the end of the lease you may return, upgrade or extend.
The lender buys the equipment, and you hire it over an agreed period before taking ownership at the end.
We explain how each structure operates and the potential implications for your cash flow.
If you’re ready to expand or upgrade your business assets, Open Doors Finance is here to support you with a clear, structured equipment finance process.
