ASSET FINANCE / Finance For Machinery and Equipment
Finance For Machinery and Equipment
Equipment finance for machinery for your business. Trusted by businesses across Australia and New Zealand for over 35 years.
Equipment finance for new and used machinery
All businesses require functional and reliable equipment and machinery to keep up operations. Whether you’re looking to invest in new assets, replace broken machinery or upgrade your outdated equipment, the lending specialists at ScotPac will find the right machinery finance option for you.
With a range of equipment finance solutions available, expanding your business and growing your operations is easier and quicker than ever before. We tailor our equipment loans for businesses to ensure that adequate working capital is accessible.
If your business is struggling to obtain asset funding to finance your machinery, we’ll still be able to help. In fact, with flexible terms of up to 5 years and funding approval turnaround times in as little as 24 hours, there’s no sized business or level of complexity that we can’t help.
The ScotPac Difference
Funding of Up To 100%
Flexible Sourcing
Access Working Capital
The need for machinery finance across industries
Across many industries equipment and machinery finance is essential for growth. But there are many additional industries that require equipment business loans to ensure they’re able to carry out day-to-day operations successfully.
Industries such as manufacturing, food and beverage, printing or healthcare use a wide range of specialist equipment to ensure they’re able to provide necessary goods and services. With each industry requiring unique equipment, finding the lending institution that is best equipped and experienced to provide the right machinery loans is critical.
Our lending specialists here at ScotPac can work with you to understand not just your needs today but your planned growth in the future. By ensuring access to quick, reliable funding you can invest in the future by purchasing the machinery and equipment you need today.
Finding the right provider of equipment loans for business
There can be a lot to factor in when trying to source new equipment or machinery. To make your experience that much more seamless and hassle-free, here’s what you need to consider when looking for the right provider of equipment finance.
How fast will your loan be approved?
At ScotPac, for example, our tailored loans can be approved in as little as 24 hours ensuring you enjoy access to working capital sooner rather than later.
How much can you borrow?
While traditional lenders may cap the amount that you can borrow, our flexible machinery finance solutions can fund up to 100% of your new machinery costs.
How is the funding access?
Working capital only works if the capital is accessible. Thanks to innovative technological solutions such as a trade ledger, partner portal and fast documentation systems, ScotPac clients enjoy simpler and quicker funding access.
Equipment and Machinery Finance Questions Answered
Do I need financials to apply?
ScotPac is the largest non-bank lender across Australia and New Zealand. This allows us to offer tailored solutions that are flexible for all businesses, even those without the necessary financials required by traditional banks.
Can I finance used equipment or machinery?
Yes. Our finance solutions are available for both new and pre-used equipment and machinery. If you’re looking for a cheaper alternative to replace your existing assets, used machinery can be a smart way to do it without compromising access to needed working capital.
What will my interest rate be?
Our interest rates are influenced by a few different factors such as the loan terms, amount of the equipment being funded, and the particulars of our client’s financial requirements. Moreover, larger economic and market conditions can influence offered interest rates as well.
Can I only finance machinery or other equipment too?
Our flexible equipment finance solutions can be used to replace or invest in new machinery as well as a host of other necessary assets to keep your business growing. With finance solutions for assets such as trucks, earthmoving equipment, tractors and forklifts (to name a few) , there’s a ScotPac capital solution for every business. Make sure to contact our team today to find out more about the right equipment finance solution for you.
Our Solutions
ScotPac offers a wide range of business and commercial finance solutions that help you get the funding you need. Choose the right financing solution for your business.
Invoice Finance
Our Invoice Finance solution allows you to access the cash in your unpaid invoices
- LINE OF CREDIT WITH NO NEED FOR PROPERTY SECURITY
- UNLOCK THE VALUE IN YOUR INVOICES
- FACILITIES FROM $10K TO $150M
Asset Finance
Asset Finance helps by financing new and pre-owned equipment.
- FUNDING AVAILABLE IN AS LITTLE AS 24 HOURS
- FUND NEW AND PRE-OWNED ASSETS
- FUNDING FOR IMPORTED EQUIPMENT
Trade Finance
Trade Finance provides a cash flow injection to help manage the import or export of goods
- PAY OVERSEAS AND DOMESTIC SUPPLIERS
- INCREASE STOCK LEVELS AND EXTEND PAYMENT TERMS
- SELL TO OVERSEAS CUSTOMERS