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Machinery Finance

Want Expert Help! Get a Free Machinery Finance Consultation With Us.

Machinery Finance is an extremely broad term. Whether it’s the type of goods you are looking to finance, or the type of finance agreement you need, speaking to an experienced finance brokerage business can be a tremendous help.

Why Choose Harley Finance?

With over 25 years experience and a lender pool that is greater than most, Harley Finance have the knowledge and Lender base to give you your best chance of approval.

Even the most straight forward of Machinery Finance applications can become tricky. The lender will have a number of boxes they need ticked, including affordability and recovery. Machinery Finance isn’t like car finance or a personal loan, approvals without evidence of affordability very often stumble. Machinery that is unique to your business or devalues quickly give the lender no comfort should they need to recover and sell. These are two of many possible pitfalls in any Machinery Finance proposal. There are many other things that can bring your application “unstuck” If your Machinery Finance approval is important to your businesses profitability and/or wellbeing, make sure you get some expert help. 

Call us today on 1300 859 890 or fill out one of our simple enquiry forms

Your approval will in many cases will come down to the knowledge and skills of your Finance Broker.

What are Lenders Looking For?

There are a large number of potential Lenders for the equipment you are looking for. Our goal is to find the Lender who will approve your application at the most competitive level to meet your expectations.

Experienced Business, with no previous or current business finance:

If you are experienced and have good current or previous finance history, we are simply trying to find you the best deal. In many cases we will need to prove your income either from current financial information or completion of a cash-flow projection.

Experienced Business, with no previous or current finance:

Being an experienced Business is a great benefit in obtaining a finance approval.

In this situation we need to prove you can afford the payments or show that the new equipment will increase your profits or reduce your expenses to a level greater that the cost of financing and maintaining the machinery.

New Businesses:

Getting machinery finance approved is simply convincing the Lender that there is very little risk involved in lending you the money. These include:

  • What will the machinery be used for?
  • Do you have experience operating this sort of machinery?
  • Will the machinery be a profit making or expense saving item?
  • Is the purchase well thought out?

Personal Questions:

  • What is your accommodation situation (home owner, renting, boarding etc?)
  • Have you had previous or current good finance references?
  • Will you have any deposit (either trade in or cash)
  • Do you have any cash reserves to assist you if anything goes wrong (e.g. equipment down for an extended period)
  • Have you been self-employed before in a different industry?
  • Are you stable (i.e. in your current address and or previous employment for a good period of time?)
  • Do you have a cash flow projection to show to business will be viable and profitable.
  • Are the goods appropriate for the work you will be undertaking?

Depending on your situation there may be other factors.

Still not clear and want to know your chance of machinery financial application success?

Call Us Now 1300 859 890 or fill out the form below for a Free Confidential Consultation

At Harley Finance our experienced consultants, know exactly who to deal with, what finance will need etc.

If our service does not meet your expectations, our work is obligation free

Still not clear and want to know your chance of financial application success?

Call us now on 1300 859 890 or fill out the form below for a Free Machinery Finance Confidential Consultation.

If this sounds good to you, then contact us for a confidential discussion. We have our clients get their machinery finance approved successfully for the last 25 years, and we’d like to see if we can do the same for you

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