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Asset Finance

Asset Finance is a funding method that lets Australian businesses acquire vehicles, tools, machinery, equipment, and fit-out items without paying upfront. Instead of tying up cash, the asset is financed over time—helping businesses manage cashflow and scale faster.

It’s commonly used by tradies, truckers, cafés, clinics, and general business owners who want to preserve working capital while upgrading equipment. Many ABN holders also qualify for Low Doc Asset Finance, which reduces paperwork and speeds up approvals.

For second-hand items, lenders often allow private sales—especially across Equipment Finance and Vehicle Finance. Larger businesses may combine Asset Finance with a Business Line of Credit or Working Capital Loan to improve liquidity.

Related guides: Lease vs Buy Equipment, Equipment Finance Application Mistakes, Are Low Doc Equipment Loans Worth It?.

FAQs

Is Asset Finance the same as Equipment Finance?
Equipment Finance is a category within Asset Finance, focused specifically on machinery, tools, and gear used in business operations.
Do I need full financials?
Not always. Many ABN holders qualify for Low Doc options when supported by bank statements and stable turnover.
Can I finance second-hand equipment?
Yes. Lenders commonly accept second-hand and private-sale assets across vehicles, tools, and machinery.
Does Asset Finance impact cashflow?
Yes—in a good way. It frees up cash needed for wages, supplies, and day-to-day operations by spreading costs over time.
Is a deposit required?
Often not. Many profiles qualify for $0–10% deposit depending on turnover, time in business, and asset type.