Compare 90+ Business Equipment Loans & Equipment Finance
🏆 Award-Winning Business
🌟 Rated 4.9/5 from 1000+ Google reviews
Various Loan Options
Compare 90+ Lenders
Instantly find the right trade loan for your needs.
NAB
Commonwealth Bank
BOQ
Latitude
Prospa
Angle Finance
Westpac
Plenti
Lumi
Firstmac
Shift
ANZ
MoneyMe
Pepper Money
Resimac
EarlyPay
Metro
RACV
Wisr
Dynamoney
Moula
Flexicommercial
✓ 5 Minute Pre Approval
✓ 90+ Lenders Compared
✓ Aussie Loan Brokers
An Easy Choice
Why Tradies Choose Tradiespace Loans
We’ve made loan applications simple, quick and local. This is how.
🛡️
Zero impact on credit score
Using Tradiespace wont affect your credit score.
👷
Built for tradies
Finance tailored for your business matched to your trade & business needs.
⚡️
Fast 5-min pre approval
Dubbed ‘lunch time loans’ so you can get back on the tools faster.
🚀
Instantly compare multiple lenders rates
Instantly compare 90+ lenders rates and offerings.
🤝
Real brokers & local Aussie support
Aussie team ready to answer questions and secure the sharpest rates available.
Powered by LoanOptions.AI × Tradiespace
Enjoy a Fast Tradie Loan Journey
Tradiespace Loan Tool is Here
We’ve upgraded our AI to make it even faster for you to compare options from over 90 banks and lenders with no impact on your credit score. Quick loans made simple for Aussies.
What Are Equipment Loans & Commercial Equipment Loans?
Equipment loans, also called chattel mortgages, are a type of business loan used to buy gear, machinery, or vehicles. The loan is usually secured against the equipment itself, meaning the lender can take it if you do not keep up with repayments. You pay the loan back, with interest, over an agreed period, making it a simple way to get the gear you need without draining your cash flow.
Whether you are starting out or expanding, upgrade your business today with the right equipment loan and finance options.
Why Get an Equipment Loan?
In today’s fast-moving world, having a good plan is not enough, you need the right tools and gear to back it up.That is where equipment loans come in. They give businesses the boost they need to lift their operations, stay competitive, and keep growing. Here is why equipment loans are a smart move for growing your business.
Save Big on Upfront Costs.
Equipment loans help you avoid big upfront hits to your cash flow, letting you keep your money free for daily operations or new opportunities. With our wide range of lenders, you have plenty of options — including loans that do not need a deposit, letting you fund the full cost of your new gear without dipping into your savings.
Stay Ahead with the Latest Gear.
Equipment finance helps you stay on top by giving you access to the latest tools, tech, and machinery. Having the right gear boosts your work efficiency, keeps you ahead of the competition, and helps your business grow faster.
Tax Advantages.
After a chat with your accountant, you might find that equipment finance could make you eligible to claim interest, fees, and depreciation as tax deductions. Some finance options, like chattel mortgages, even let you claim the GST on the purchase price straight away, giving you faster tax relief and making the investment even smarter for your business.
Own the Gear, Not Just Rent It.
If you want real value for your business, owning your equipment usually beats renting. With Tradiespace, you have flexible options. You can own your gear outright with a Chattel Mortgage, or choose an option like Rent to Buy letting you spread the cost over time while getting straight to work with your new equipment.
Avoid Getting Stuck with Outdated Gear.
In industries where technology moves fast, old equipment can slow you down. Using an equipment loan makes it easier to upgrade when you need to, helping you stay sharp, work smarter, and keep your edge over the competition.
Covers a Wide Range of Gear.
Equipment loans are not just for heavy machinery and tools. You can also finance work vehicles, farm and ag gear, medical equipment, computers, laptops, and even building tools for renovations. No matter what industry you are in, there is a loan option to help you get the equipment you need to keep your business moving.
Benefits of equipment financing by type of loan.
Benefits
Commercial Hire Purchase
Chattel Mortgage
Equipment Finance Lease
Rent to Buy
How Equipment Finance & Equipment Loans Can Work for You.
Running a business is tough enough and growing it gets even harder without the right equipment finance behind you. You should not have to spend hours after a long day on site digging through finance options just to find the right loan. We make it simple by cutting through the noise and helping you find the best equipment loan for your business.
🤝
What is a Commercial Hire Purchase (CHP)?
A Commercial Hire Purchase (CHP) is a finance agreement where the lender owns the equipment during the contract, but ownership transfers to the business once all repayments are made, including the final instalment. Businesses can benefit from fixed repayments, potential upfront deposit reductions, and full ownership of the equipment at the end of the term.
💵
What is a Chattel Mortgage?
A Chattel Mortgage is a type of business loan where a lender provides funds to buy equipment, and the business owns the asset from the start while the lender holds a mortgage over it. Businesses can often claim the full GST amount on the purchase price in their first BAS, making it a popular and flexible financing option for Australian companies.
✍️
What is an Equipment Finance Lease?
📋
What is a Rent to Buy Agreement?
How to Find the Right Equipment Loan for Your Business?
Searching for the right business equipment loan can be overwhelming. It is easy to get stuck wading through pages of fine print, endless rate offers, and confusing ads. The best way to make sure you are getting the right deal is to compare as many options as you can. Comparing properly gives you the power to find a loan that fits your needs and saves you money. To help you get started, here are a few key things to keep in mind before diving into the search.
Finding a Low
Interest rate.
More Return (ROI).
When it comes to financing equipment, the devil is always in the details. If you do not read the fine print properly or the lender is not upfront about all the fees, it can cost you big down the track.
Entry/Exit Fees
Are there any fees for starting or finishing the loan?
Late Payments
What will it cost if you miss a repayment?
Early Payments
Are there any fees if you want to pay the loan off early?
Added Costs
Are there any other hidden costs you should know about?
Keep Your Money Stacked
More Trade Savings
Finding the right trade loan doesn’t need to be complicated.
🚀
A Fast Loan Process
Complete your full loan application in under 8 minutes and get instant pre-approval. Quick, simple, and built for busy tradies.
🙅♂️
No Nasty Surprises
We don’t hide fees. You’ll see every cost upfront! Compare 90+ trusted lenders with total transparency.
Built for Tradies. Backed by Tech.
Our AI matches you with the loan that fits your trade business best and our brokers handle the rest. We still believe in a human touch.
Find What You’re After
Trades Loans Directory
Settled a loan,
but need help?
We are always happy to assist in any questions or enquiries whether you’re looking for a loan or already have one.
*All applications are subject to the credit providers credit assessment and loan eligibility criteria. Terms, conditions, fees and charges apply. Information provided is factual information only, and is not intended to imply any recommendation about any financial product(s) or constitute tax advice. If you require financial or tax advice you should consult a licensed financial or tax adviser.
*Your interest rate may be different and is based on a number of factors, including your credit history, the information you provide and our assessment of your application. We’ll confirm your interest rate upon submission of your application. Rates, repayments and fees are estimates and are subject to change at any time.Turnaround Time is based on average approval time for personal and car loans between 1 August 2023 – 1 September 2023.
*The comparison rate is based on a $30,000 secured loan over 5 years. WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. Eligibility criteria, terms and conditions apply.”
Entity name – Loan Options AI Pty Ltd
ABN: 75 641 873 716
Australian Credit License Number: 543631
