Plant Hire Industry Finance Australia
Get flexible and tailored financial solutions for the plant hire industry.
Plant Hire Industry Financing
The plant hire industry provides equipment and machinery for short-term or long-term rental to businesses in construction, mining, agriculture, landscaping, and infrastructure development. Plant hire offers a cost-effective solution for those needing access to specialised machinery without having to purchase it outright.
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At Dark Horse Financial, we understand the unique challenges of the plant hire industry. Financing extends to more than just excavator loans—companies also seek funding for working capital and cash flow management. We provide tailored solutions, whether you’re a small operator just starting out or if you’re turning over many millions of dollars.
- Flexible loan amounts from $10,000 to $50 million
- Solutions for businesses of any size
- Financing for both new and secondhand equipment
- Get funding for equipment and working capital
- Same-day funding available
- Plant equipment loan options for startups
- Options for those with bad credit
Types of Loans for the Plant Hire Industry
Plant and Equipment Finance
Plant equipment finance allows businesses to acquire or upgrade heavy equipment and plant machinery. These loans are ideal for purchasing essential assets like excavators, loaders, or other specialised equipment.
Unsecured Overdrafts
An unsecured overdraft allows businesses to draw from a set credit limit, paying interest only on the borrowed amount. This solution is perfect for managing short-term cash flow needs or covering unexpected expenses in your plant hire business.
Secured and Unsecured Loans
Secured loans require collateral, such as your equipment or property, offering lower interest rates and higher borrowing limits. Unsecured loans, on the other hand, don’t require collateral, making them a faster and more flexible option for immediate financial needs.
Cash Flow Lending
Cash flow lending is designed to support your working capital requirements, ensuring your business can meet day-to-day operational costs. This option is particularly useful for businesses in the plant hire industry dealing with irregular payment cycles.
Capital Raise Against Assets
This option allows you to leverage your existing assets, such as machinery or property, to raise capital. It’s a cost-effective way to secure funds for expansion, new equipment, or other major investments.
Tax Debt Loans
If your business is managing a tax debt, a tax debt loan can provide relief by consolidating your obligations into manageable payments. This solution helps you avoid ATO penalties and keeps your operations on track.
Private Lending
Private lending offers flexible, non-traditional financing options tailored to your specific needs. It’s a valuable choice for businesses that may not meet the strict criteria of traditional lenders but still need reliable funding for their plant hire operations.
What You Can Do With Plant Machinery Loan in Australia
Purchase Equipment
Secure the funding to buy essential machinery outright or through structured repayment plans. From excavators to loaders, you can acquire the equipment needed to expand your fleet or replace outdated assets.
Lease Equipment
Enjoy the benefits of using modern, high-performance machinery without the long-term commitment of ownership. Leasing options provide flexibility and the ability to upgrade your fleet regularly.
Raise Capital Against Existing Assets
Leverage the value of your current equipment or property to access additional capital. This is an excellent way to fund expansion, cover large operational costs, or invest in new business opportunities.
Access Working Capital
Ensure your business runs smoothly by addressing short-term cash flow needs. Plant hire finance can help you cover day-to-day expenses like payroll, fuel, maintenance, and more.
Upgrade Your Fleet
Stay competitive by investing in the latest machinery and technology. Modern equipment improves efficiency, reduces downtime, and enhances your business’s reputation for reliability.
Manage Tax Debt
If you’re juggling ATO obligations, plant hire finance can provide a solution. Use tailored tax debt loans to consolidate your liabilities and focus on growing your business.
Types of Plant and Equipment You Can Finance
With a plant equipment loan, you can finance specialised equipment for various industries and purposes.
- Excavators
- Excavator Attachments
- Bulldozers
- Cranes
- Concrete Mixers
- Compactors
- Posi-Tracks
- Telehandlers
- Backhoes
- Forklifts
- Generators
- Tractors
- Trailers, and more.
Get Excavator Finance for Your Business
Excavators are the backbone of many plant hire businesses, offering the versatility and efficiency required to meet project demands. We provide tailored excavator finance solutions to help you acquire or upgrade these machines without straining your cash flow.
Why Choose Excavator Finance?
- Reduce Upfront Costs: Spread the cost of your excavator over manageable repayments.
- Improve Cash Flow: Free up your working capital for other business needs.
- Access the Latest Models: Invest in modern, efficient excavators to increase productivity and reduce downtime.
- Customised Solutions: Flexible terms and repayment plans tailored to your business’s financial situation.
Why Choose Dark Horse Financial for Plant Machinery Finance?
We’re an award-winning finance broker company in Australia. With over ten years in the business, we know the unique needs and requirements of the plant hire industry. With Dark Horse Financial, you can get
- Tailored advice that addresses your specific needs and situation
- The best interest rates and most favourable terms
- Quick funding solutions for pressing needs
- Ongoing services even after loan settlement
How to Apply for Plant Hire Finance
- Contact Us: Fill up our online form or give us a call to speak with our finance specialists and discuss your business needs.
- Tailored Solutions: Receive a customised plan that suits your equipment and financial goals.
- Quick Approval: We’ll submit your application and meet your timeline to get you the financing you need promptly.
- Grow Your Business: Access the equipment you need and focus on expanding your operations.
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Get Started Today
Plant hire finance isn’t just about getting equipment; it’s about empowering your business to grow, adapt, and succeed. Contact us today to explore how our tailored solutions can bring these benefits to your business.
Plant Hire Industry Finance FAQs
I don’t own property. Can I get an overdraft for my plant hire business?
Yes, unsecured overdrafts are available to plant hire businesses without property security. Banks will provide overdrafts without property security if a business meets their lending criteria. Unsecured overdrafts are available from unsecured lenders and there are also line of credit facilities available for Plant Hire businesses.
Is it easy to get a machinery loan for a plant hire industry business?
Yes, it is easy to get machinery loans for a plant hire industry business. There are no-doc machinery loans for established businesses for equipment financing up to $500,000. We can finance older machinery and there are even loans for startup plant hire businesses.
What is the business overdraft interest rate for plant hire businesses?
The business overdraft interest rate is not fixed and depends on many different factors. Different banks will have different rates depending on the size and strength of your business. Unsecured lines of credit will typically have higher rates as an unsecured overdraft compared to overdrafts that are secured by property; however, lower rates and no establishment fees are available.
Do I need to own property to get excavator finance?
No, you don’t need to be a property owner to qualify for excavator finance. There are many excavator finance solutions available from lenders to business owners who do not own property.
Can I get excavator finance if I have a tax debt?
Yes, you can get excavator finance if you have an ATO tax debt, even if the banks have declined your application because of a tax debt. There are many lenders who approve excavator finance for business owners with ATO tax debt. In the application process, lenders will check that you’re either on a payment plan with the ATO or make sure you’re making some payments.
Can you finance second-hand excavators?
Yes, you can get a loan for second-hand excavators even if they’re being sold privately. There are loans available for a wide range of second-hand excavators, trailers, accessories, tools, machinery and attachments. As long as there is useful life left in the asset and you can service the loan it is possible to get approved for second-hand excavators and other items.
What is the oldest excavator you can finance?
We can finance any asset, no matter how old it is, provided it still has a useful life. Whilst some banks have a preference for new excavators and other assets, there are a number of lenders who will finance excavators of any age provided it’s being sold by a dealer or a valuer establishes the asset still has a useful life.
Can I use my excavator as security to get a loan for repairs?
Yes, we have raised capital against excavators and other plant hire equipment to provide the money required for repairs and refurbishment. The loan is just like other forms of equipment finance; provided you can service the loan and a valuer can establish the asset is worth more than the loan you’re seeking, this is an easy process with a number of lender options, including those for bad credit.
