How to Secure Equipment Finance for Your Business in 2025

Securing equipment finance in 2025 can be a game-changer for businesses looking to expand, upgrade, or improve operational efficiency. Whether you’re a small business investing in your first piece of equipment or an established company upgrading your fleet, working with an experienced finance broker can simplify the process and increase your chances of approval.

Why Use a Broker for Equipment Finance?

An experienced broker understands the lending landscape and can match you with the right finance solutions based on your business needs, financial situation, and credit profile. Instead of navigating complex lender requirements alone, your broker will guide you through every step, ensuring you secure the best possible finance terms.

Steps to Secure Equipment Finance

1. Assess Your Business Needs

Before applying for finance, work with your broker to clearly outline what equipment you need, why it’s essential for your business, and how it will impact your operations. Lenders want to see that the purchase aligns with your business growth and revenue generation.

2. Understand Your Finance Options

There are various types of equipment finance options, including:

·      Chattel Mortgage – Ideal for businesses wanting ownership of the asset from the start.

·      Finance Lease – Allows you to use the equipment while making fixed monthly payments.

·      Equipment Rental – Short-term solution without a long-term commitment.

·      Operating Lease – A flexible option with no ownership obligations.

Your broker will explain these options in detail and help you determine which structure best suits your needs.

3. Prepare Your Application – What Lenders Look For

Lenders assess multiple factors before approving finance, including:

·      Business trading history and financial stability;

·      Credit score and repayment history;

·      Type and age of equipment being financed; and

·      Industry and economic outlook.

If your business is established and has strong financials, securing approval can be straightforward. However, if you’re a newer business or have limited financial records, your broker may recommend alternative lenders who specialise in low-doc or no-financials finance.

4. Pre-Approval Without Financials

In some cases, you may be eligible for pre-approval without providing full financial statements, subject to credit criteria. Your broker will assess your situation and connect you with lenders offering streamlined application processes, making it easier to secure finance quickly.

5. Submit Your Application with a Broker’s Guidance

Your broker will ensure your application is strong by helping you articulate key details such as:

·      The business case for purchasing the equipment;

·      Your ability to meet repayments; and

·      Any supporting documentation required for approval.

Brokers have relationships with a wide network of lenders, increasing your chances of securing a competitive finance deal with favourable terms.

6. Finance Approval & Settlement

Once your application is approved, your broker will guide you through the settlement process, ensuring funds are released efficiently so you can take possession of your new equipment without unnecessary delays.

Secure Your Equipment Finance with Expert Support

Navigating equipment finance doesn’t have to be complex. With the right broker by your side, you can secure finance that aligns with your business goals while benefiting from expert insights, competitive rates, and access to lenders suited to your needs.

If you're ready to explore your equipment finance options, speak with an experienced broker today to get started.

Written by Chris Beath

Senior Finance Broker