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Equipment Loans

Equipment Loans

Empower Your Business with the Right Equipment Financing Solution

Get your Equipment Loans approved within 24 hours

Investing in the right equipment can significantly improve your business operations and drive growth. At 121 Brokers, we understand the importance of having the right tools for the job, which is why we offer tailored equipment loans to help you acquire the assets your business needs to thrive.

All you need is:

Obligation Free Enquiry Form

Submit the form below and one of our expert consultants will contact you to discuss your loan options.

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Meeting the Requirements for Your Unsecured Business Loan

To ensure a smooth and successful application process for an unsecured business loan, it’s essential to understand the key eligibility criteria. These factors serve as a foundation to assess your business’s financial stability and potential for growth. By meeting these requirements, you’ll be well on your way to securing the funds needed to propel your business forward. Be sure to review the eligibility factors listed on this page to determine if your business is a good fit for an unsecured loan from 121 Brokers.

Active ABN & ID document

A valid Australian Business Number (ABN) and proper identification documents are crucial for establishing your business’s legitimacy and verifying your identity. This ensures a secure and transparent application process.

Minimum of 6 months trading

A trading history of at least 6 months demonstrates your business’s ability to generate revenue and maintain operations. This minimum requirement helps us assess the stability and potential growth of your company.

Minimum $5,000 monthly turnover

A valid Australian Business Number (ABN) and proper identification documents are crucial for establishing your business’s legitimacy and verifying your identity. This ensures a secure and transparent application process.

6 months bank statement

Providing a 6-month bank statement enables us to thoroughly evaluate your business’s financial health. This documentation offers insights into your income, expenses, and overall financial management, helping us determine the most suitable loan terms for your needs.

What are Equipment Loans?

Equipment loans are a type of financing specifically designed for the acquisition of equipment, machinery, or other business assets. These loans help businesses access the capital they need to purchase or lease essential equipment, while also spreading the cost over an extended repayment period, reducing the financial burden on the business.

Ready to elevate your business with tailored financial solutions?

Unlock a suite of benefits designed to streamline your financial operations and support your business growth effortlessly.

Benefits of Equipment Loans

Equipment Loans with 121 Brokers

Preserve Cash Flow

Equipment loans allow you to finance your asset purchases, enabling you to preserve your working capital for other business needs.

Tax benefits

The interest and depreciation on equipment loans can be tax-deductible, potentially lowering your overall tax liability.

Flexible Repayment Terms

Equipment loans offer flexible repayment terms, allowing you to choose a repayment schedule that best suits your business’s cash flow.

Ownership

At the end of the loan term, you’ll own the equipment outright, providing long-term value to your business.

Secure Your Business Loan in Just 3 Simple Steps

At 121 Brokers, we follow a simple and transparent process to help you secure the right unsecured business loan for your needs:

STEP 1

Book a Discovery Call

Schedule a call with one of our expert account managers to discuss your financial needs and objectives.

STEP 2

Loan Application

After understanding your needs, we'll guide you through the loan application process and help you gather the necessary documentation.

STEP 3

Approval and Funding

Once your application is approved, review and accept the loan offer that best suits your business needs.

Explore Secured Business Loan Options with 121 Brokers

Diverse Loan Options

While unsecured business loans offer flexibility without collateral, there are times when a Secured Business Loan might be a better fit for your needs. With potentially lower interest rates and the ability to borrow larger sums, secured loans can be an excellent choice for businesses looking to make significant investments or expansions.
Whether you’re looking to purchase new equipment, expand your operations, or refinance existing debts, our Secured Business Loan options are tailored to support your business’s growth. Dive in to find out how 121 Brokers can assist you in securing the best financial solutions.

Why 121 Brokers?

Unsecured Business Loans with 121 Brokers

Tailored Financial Solutions from Industry Professionals

Expert Guidance

Our seasoned account managers at 121 Brokers offer personalized support throughout the loan application, tailoring solutions to your business needs for optimal growth.

Diverse Loan Options

With a wide range of financing options, from unsecured business loans to equipment financing, we ensure a perfect match for your business's unique requirements.

Approval Process

We prioritize efficiency, swiftly reviewing your application to provide timely access to funds without unnecessary delays.

No Upfront Fees

Our commitment to transparency means no upfront costs for our services; our commission is only earned upon successful loan matching, ensuring your satisfaction.

Hear It from Our Clients

Discover how 121 Brokers has helped businesses like yours thrive. Read the stories of our satisfied customers and see the real impact of our financial solutions on their growth and success.

Frequently Asked Questions

Equipment loans are used to purchase or lease new or used machinery and equipment.

Yes, both new and used equipment can be financed.

Repayment terms typically range from 1 to 7 years.

Interest rates vary but are generally lower due to the secured nature of the loan.

Down payments may be required, typically ranging from 10% to 20%.

 Industries like manufacturing, construction, and healthcare benefit significantly from equipment loans.

Are you looking for?

Embark on your business journey with confidence with 121 Brokers at your side. Whether you’re kickstarting a new venture, seeking a boost for your small business, navigating the financial landscape with a less-than-perfect credit score, or forging your path as a sole trader, our unsecured business loans are designed to propel you forward. Fast, flexible, and tailored to your unique business story, our solutions ensure your ambitions are never limited by your circumstances. Discover the perfect fit for your dream today.

Insights and Innovations

Explore our collection of expert articles designed to keep you informed and ahead of the curve. Dive into the latest trends, strategies, and tips in finance that can empower your business decisions and boost your operational success.

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