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Equipment finance

Apply for finance in 7 minutes, and get approved within 24 hours

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Yours to own

Own your business assets outright, with equipment finance that doesn’t require collateral.

Invest In Equipment | Equipment Finance

Invest in equipment

Purchase assets, used or new, to increase capacity

Buy Work Vehicle | Equipment Finance

Buy a work vehicle

Upgrade commercial vehicles, without putting up collateral

New Shop | Equipment Finance

Fit out a new space

Refurbish an office or clinic, while preserving working capital

Upgrade Tools | Equipment Finance

Upgrade your tools

Invest in office equipment, hardware, or IT systems

Our equipment finance solution

  • Borrow $10,000 – $250,000
  • 12 – 24 month loan terms
  • No asset security required

  • Apply online in 7 minutes
  • Credit decisions within 24 hours
  • No penalty for early repayment

Easy to apply.
Simple as 1, 2, 3.

Apply online in just 7 minutes, by following these three easy steps:

Business Loan Details | Moula

Get started

Complete some basic business and personal information to get started.

Link Business Data | Moula

Link your data

Link your online banking or accounting data, and we’ll determine how much we can lend.

Get Business Funds | Moula

Get funds fast

Once approved, provide us with your preferred business bank account, and we’ll have the funds to you fast.

Looking for equipment finance?

To get started, all you need is:

  • An active ABN or ACN
  • 6+ months in business
  • $10,000+ in monthly sales
  • GST registration

Apply now

Reasons to get business equipment finance

Many small businesses will find that they have an opportunity to increase sales but can’t keep up with demand. Business equipment financing will enable you to purchase new or additional equipment to increase both production and profits while maintaining positive cash flow.

For businesses looking to grow and update their processes, equipment finance loans can be used to upgrade an old piece of equipment to a newer, more efficient model or invest in upgraded business software and systems.

For contractors and sole traders, a work vehicle can be integral to your business. Equipment finance can be used as vehicle finance to upgrade an old workhorse or purchase a new one.

Businesses that outgrow their old space or are looking to move to a new location can use this finance option to fit out their new premises with everything from office furniture to new business tech.

Equipment finance FAQs

When commercial equipment finance is unsecured, you won’t have to put up the equipment you’re purchasing (or any other assets) as collateral to secure your loan. In contrast, secured equipment finance requires collateral.

With no collateral required to secure this type of small business loan, you have much more flexibility and control over how you purchase, maintain and insure your equipment. With secured equipment finance, the purchased asset is sometimes the security for the loan. The equipment can also be secured with other assets. In this case, it takes time to value these assets and ensure they are not being used as collateral for other loans. So unsecured equipment finance solutions are a quicker option.

Unsecured finance doesn’t require complex loan applications and can include transport and installation costs, giving you more flexibility when purchasing equipment. Used equipment does not always qualify for secured business finance, so this might not be an option if buying second-hand equipment.

Traditionally, there are a few ways to finance equipment purchases, including hire purchase, chattel mortgage, and operating lease and rental options. With commercial hire purchase and finance lease options, the lender owns the equipment you have bought, while your business uses it. Then at the end of the term, ownership may be handed over to you or you will have the option of buying the equipment from the lender with a balloon payment. With some finance products, the equipment itself will be used as security and has terms and conditions around its maintenance, insurance etc. Business equipment finance from Moula is unsecured, so it’s not secured by the equipment itself or other assets.

This type of finance can be used for all types of business equipment – tools for trades, office computers, work vehicles and equipment, or even specialised machinery. Unsecured equipment finance from Moula can also be used to buy used equipment.

With the Instant Asset Write-Off, you can deduct $20,000 of the asset price in the year it is purchased, installed and ready to use. So this type of loan can be a way to reduce your tax bill while growing your business.

Our loan terms range from 12 to 24, and our loans are flexible. So if you’re starting to reap the rewards of your new equipment earlier than expected, you can repay your equipment loan early, with no early repayment fees or charges. Plus our fixed interest rates are totally transparent and our lending criteria don’t include collateral for the loan.

Have questions? Our friendly team is available
on 1300 88 09 72 weekdays 9am - 5pm AEDT

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