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At Mybank.com.au we’re your go-to for equipment loans across Australia. With the marketplace constantly evolving, the right gear can dramatically boost your business’s efficiency, growth, and edge over competitors. We understand the value of the latest machinery, tools, or tech. That’s why we use cutting-edge AI to make the loan application process quick and tailored, ensuring you get the right financing fast. Discover how our equipment loan services can drive your business forward.

In the fast-paced world of business, staying ahead requires not just vision—it needs the right tools and technology to turn that vision into reality. This is where equipment loans become not just beneficial, but essential. They provide the lifeline businesses need to leap forward in operational efficiency and competitive advantage. 

Every business is unique, which is why, we employ the latest AI to process your documents quicky, compare equipment loans across the market, and match you with the best options. This AI-driven method speeds up the application process and increases the chance of finding the perfect loan for your needs.      

We provide loans for:

*Medical Equipment

*Fitness and Gym/Equipment 

*Agriculture Equipment

*Heavy and Specialised Equipment

*Restaurant Equipment

*Manufacturing Equipment

*Construction Equipment 

*Office Equipment

*Second-Hand Equipment Financing 

*Competitive Rates: We offer some of Australia’s best equipment loan rates through our wide network of lenders.

*Flexible Terms: Customise your loan to fit your business cash flow, minimising financial stress.

*Wide Range of Equipment Financing: Get access to Leasing, Rent to Buy, Commercial Hire Purchase and Chattel Mortgage.

*Quick Approval: Thanks to our AI, we ensure fast processing and approval, letting you get your equipment without delay.

Our platform makes applying for an equipment loan simple: 

*Equipment Loan Calculator: Start with our equipment loan calculator. Adjust the numbers to reflect how much you’re looking to borrow and for how long.

*Document Processing: Upload your financial documents to our secure platform for quick processing with our proprietary AI. 

*Loan Comparison: Our system compares loans from various lenders to find the best rates and terms for you.

*Matchmaking: We then match you with the ideal loan options based on your business’s needs and financial health.

*Decision Making: You will get a detailed comparison of your best loan options to make an informed choice. For more personalised assistance, talk to our loan specialist humans to help you.

Equipment loans save you from big initial costs, helping you keep cash for vital daily operations. This method makes managing money smoother, ensuring you’ve got funds for unexpected costs or new investment chances. Our diverse lender panel allows for many different lender options. Some of these would not require you to put down any deposit and allow you to fund the asset in its entirety.

* Financial Statements – Copy of last 2 Years’ completed Profit & Loss & Balance Sheet for Trading entities

* Interim Financials – Obtain Year to Date Financial Data & Cashflow Forecast (if available)

* Customers & Suppliers – A recent Aged Receivable & Aged Payables Listing (if available)

* Owner(s) Financial Profile – Obtain Statement of Financial Position for all Directors/Guarantees

Our aim is to always look at ways to make a deal happen rather than not. We focus on providing a financing solution that offers greater ease and confidence to our customers. 

We have developed a finance solution that prioritises simplicity, transparency, and efficiency. Our Matrix product is designed to streamline the financing process, ensuring faster and more straightforward access to funds for you to benefit your business.

With equipment financing, you can always use the newest technology and tools. This edge is essential for better work efficiency and staying ahead of competitors, letting businesses embrace innovations that push growth forward.

After speaking to your accountant, you might find that equipment financing may potentially make you eligible to deduct interest paid, fees paid and any depreciation incurred as a tax deduction. Additionally, some financing options offer tax benefits, making these investments more financially sound. For example, chattel mortgages let you claim GST on purchase prices right away, providing quick tax relief.

In industries where technology changes rapidly, the risk of equipment becoming obsolete is high. Equipment loans offer a way to navigate this challenge, making it easier to upgrade or replace equipment and thus mitigate the risk of falling behind due to outdated technology.