What to Know Before Financing New Equipment for Your Business

1. Understand Your Equipment Needs

Start by identifying what equipment your business truly needs. Are you replacing outdated tools, improving efficiency, or expanding your capacity? A clear plan helps ensure the investment makes sense.

2. Know Your Loan Options

As a business owner, one of the most common ways to finance equipment is through a secured business loan or an asset finance loan. This structure allows you to own the asset from day one, with repayments tailored to your cash flow. At Hanna Lending Services, we offer tailored equipment finance solutions without the complexity of business equipment finance.

3. Get Your Paperwork in Order

To apply for business equipment finance, you’ll typically need:

• An active ABN
• Business bank statements (last 6–12 months)
• A copy of the equipment quote or invoice
• ID and proof of address
• Financials or BAS (for larger loan amounts)

Having everything ready helps speed up the approval process.

4. Think About Tax and Cash Flow

Financing business equipment can offer tax benefits, such as claiming GST upfront or depreciation (speak to your accountant). It also helps preserve your working capital by avoiding large upfront purchases.

5. Use a Broker Who Understands Your Industry

A good broker doesn’t just find a loan, they find the right loan for your business. At Hanna Lending Services, we help businesses across Perth and Australia secure simple, flexible funding for all types of equipment.

Ready to Upgrade Your Equipment?

From small tools to large machinery, we offer fast approvals and tailored solutions. Reach out today to explore your finance options.

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