Equipment finance

Need essential machinery, technology, or tools to run and grow your business? Our specialised equipment finance solutions help businesses across Beenleigh, Logan, Scenic Rim, and the Gold Coast acquire the assets they need without impacting vital cash flow.

Powering your business assets

Personalised Equipment Finance Solutions for Your Business

In today's competitive landscape, having the right equipment is not just an advantage – it's often a necessity. From heavy machinery and vehicles to essential office technology and specialised tools, acquiring new assets can be a significant investment. Equipment finance provides a smart way to get the gear you need, when you need it, without tying up large amounts of your business's valuable working capital.

At Ferns Finance, we understand the diverse operational needs of businesses across Beenleigh, Logan, Scenic Rim, and the Gold Coast. We specialise in equipment finance solutions that are tailored to your specific industry, business structure, and cash flow requirements.

Why Choose Equipment Finance for Your Business?

  • Preserve Working Capital: Instead of a large upfront purchase, spread the cost of equipment over time, keeping your cash reserves free for day-to-day operations or other growth opportunities.
  • Stay Competitive: Access the latest technology and most efficient machinery, allowing you to improve productivity, reduce downtime, and offer better services or products.
  • Potential Tax Benefits: Different finance structures may offer various tax advantages, such as deductions for depreciation, interest, or lease payments. (Always consult your accountant for specific advice.)
  • Flexible Options: We offer a range of equipment finance products, allowing you to choose the option that best suits your ownership preferences and financial strategy.

Our Expertise in Equipment Finance:

Ferns Finance work with over 60 banks and specialist lenders to compare a wide array of equipment finance products. We provide clarity on complex options like:

  • Chattel Mortgage: You own the equipment from the start, and the loan is secured by the asset itself. This is often favoured by businesses that want to claim GST upfront and potentially depreciate the asset.
  • Hire Purchase: You use the equipment while making regular payments, and ownership transfers to you once the final payment is made.
  • Finance Lease: You lease the equipment for a set period with an option to purchase it at the end of the term, often with a balloon payment.
  • Operating Lease / Equipment Rental: You essentially rent the equipment, returning it at the end of the term. This is useful for equipment that depreciates quickly or needs frequent upgrades, as the lender typically bears the depreciation risk.

We take the time to understand your business, the type of equipment you need, and your long-term goals. Whether it's a new commercial kitchen, construction machinery, IT infrastructure, a delivery vehicle, or specialised medical equipment, we'll guide you through the process, ensuring you secure the most suitable and cost-effective finance solution.

Ready to equip your business for success? Talk to us today to explore your equipment finance options.

Equipping your business with Ferns

Looking to acquire essential machinery, tools, or technology to boost your operations? We make securing equipment finance straightforward and stress-free. Here's how we'll help you get the gear you need.

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1

Understanding Your Equipment Needs

‍Let's start with a clear conversation about your business. Get in touch to discuss your operational goals and the specific equipment you're looking to acquire. We can chat in person or online – whatever works best for your busy schedule.

2

Your Custom Finance Match

‍We'll research our extensive panel of banks and lenders, going beyond just asset finance to focus specifically on solutions for equipment. We'll create a tailored shortlist of equipment finance options that perfectly align with your business's unique requirements and investment plans.

3

Getting Your Pre-Approval Ready

‍Once you've selected the best finance option from your shortlist, we'll efficiently guide you through the pre-approval process with your chosen lender. This step gives you a clear understanding of your borrowing capacity for the equipment you need.

4

Time to Select Your Gear

‍With pre-approval in hand, you're ready to confidently decide on the exact machinery, tools, or technology your business needs. This is your chance to pick out the equipment that will truly enhance your productivity and capabilities.

5

Securing Your Equipment Finance

‍We'll handle all the necessary paperwork and liaise directly with your chosen lender to efficiently secure the finance for your new equipment. Our goal is to make this part of the process seamless, so you can focus on your business.

6

Your Equipment is Ready for Action

‍The finance agreement is finalised, the equipment is purchased, and it's all yours! You can now put your new machinery or tools to work, boosting efficiency and growth for your business, without a significant upfront capital outlay.

Explore your loan options & their features.

There are a number of different loan types and features available to you, learn more below. We are here to help answer your questions when you’re ready.

Commercial hire purchase

Obtain the business equipment or car you need through a hire purchase loan, where you pay hire charges over a fixed period. As soon as all your hire purchase payments are complete, ownership of the asset is transferred to you.

Chattel mortgage

Commonly used by business owners and operators for car and equipment finance.  With a chattel mortgage, the asset is owned by you from the outset and the loan agreement is secured by the asset.

Finance lease

Finance leases are flexible leases for businesses wanting the option to buy at the end of the lease or hand back the asset.

Novated lease

A novated lease is one of the easiest and most cost-effective ways to buy and own a car. This way, the financier owns the asset, while you and your employer sign a novation agreement to share the responsibilities of the loan.

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Helpful calculators.

Explore your financial possibilities and understand potential costs with these handy calculators.

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Frequently asked questions.

View our full FAQs
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Are finance brokers regulated?

Yes, finance brokers are regulated to ensure they operate fairly and transparently. In many countries, brokers must be licensed and adhere to specific industry standards. This regulation helps protect consumers by ensuring that brokers act in their clients' best interests and provide accurate information.

Before working with a broker, it's advisable to verify their credentials and ensure they are compliant with local regulations.

Are there differences in borrowing power between Brisbane and Gold Coast properties?

Yes — location affects property values and lender risk profiles. We’ll assess your borrowing capacity based on the exact suburb you’re targeting.

Are there loans for building or renovating in Tamborine?

Yes, we can help with construction loans or renovation-specific personal loans. Even if you’re just upgrading a shed or adding a studio — we can find options.

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Can I still get a home loan in Logan with a low deposit?

Yes! There are low-deposit options available, including First Home Guarantee schemes and lender-specific products. Ferns Finance Brokers can help you find the best fit based on your situation.

Can a finance broker help with bad credit?

Yes, finance brokers can assist clients with bad credit. They have access to lenders who specialize in offering loans to individuals with less-than-perfect credit histories. Brokers can help you understand your options and find a lender willing to work with your situation.

While securing a loan with bad credit may come with higher interest rates, a broker can help you navigate these challenges and find the best possible terms.

Can you help me refinance my current mortgage to a better deal?

Absolutely. We offer free assessments to compare your current rate with what’s available — and if there’s a better option, we’ll make it easy to switch.

Do I have to come into an office to apply?

Not at all! We offer phone, video, and online appointments — perfect if you're in a rural spot or juggling a busy schedule.

Do I need a finance broker?

Whether you need a finance broker depends on your financial situation and comfort level with the borrowing process. If you have a good understanding of financial products and feel confident negotiating with lenders, you may not need a broker. However, if you're unfamiliar with the process or have specific needs, a broker can provide valuable assistance.

Ultimately, the decision should be based on your individual circumstances and preferences.

Do you help with house and land packages in new developments around Logan or Yarrabilba?

Definitely. We often work with clients purchasing in estates like Yarrabilba, Flagstone, or Ripley Valley. We can guide you through finance stages tied to construction.

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Do you work with local real estate agents and conveyancers?

Yes — we have a strong local network and can connect you with trusted professionals to make the process smooth.

How do finance brokers get paid?

Finance brokers typically earn their income through commissions paid by lenders when a loan is successfully arranged. This means that their services are often free for clients, as the lender covers the broker's fees. However, some brokers may charge a fee directly to clients for their services, especially if they provide additional consulting or financial planning.

It's important for clients to clarify the payment structure with their broker upfront to avoid any surprises later in the process.

How long does approval usually take in Logan or Gold Coast?

Depending on the lender, approvals can take 2–10 business days. We’ll prep your application to reduce delays.

How to choose a finance broker?

Choosing a finance broker involves several key considerations:

  • Experience: Look for brokers with a proven track record in the industry.
  • Reputation: Research reviews and testimonials from previous clients to gauge their reliability.
  • Services Offered: Ensure the broker provides the specific services you need, whether it's mortgages, personal loans, or business financing.

Taking the time to choose the right broker can lead to a more successful borrowing experience.

I’m a sole trader — can I still refinance or consolidate debt?

Yes, and it’s often a smart move. We’ll help you restructure debt so it works better for your income style.

What are the benefits of using a finance broker?

Using a finance broker offers several benefits, including:

  • Access to Multiple Lenders: Brokers have relationships with various lenders, giving clients access to a wider range of financial products.
  • Expertise: Brokers are knowledgeable about the finance industry and can provide valuable advice tailored to individual circumstances.
  • Time-Saving: Brokers handle the paperwork and negotiations, saving clients time and effort.

Overall, finance brokers can simplify the borrowing process and help clients make informed decisions.

What documents do I need for a finance broker?

When working with a finance broker, you'll typically need to provide several documents, including:

  • Proof of Identity: A government-issued ID, such as a passport or driver's license.
  • Income Verification: Recent pay stubs or tax returns to demonstrate your financial stability.
  • Credit History: Brokers may request your credit report to assess your borrowing eligibility.

Having these documents ready can streamline the process and help your broker find suitable options for you.

What government grants are available for first-home buyers in Queensland?

As of now, eligible first-home buyers in QLD can access the First Home Owner Grant and possibly stamp duty concessions. We’ll check your eligibility and help with the paperwork.

What is a finance broker?

A finance broker is a professional who acts as an intermediary between clients and lenders. They help individuals and businesses secure loans, mortgages, and other financial products. By leveraging their knowledge of the market, finance brokers can find the best deals tailored to their clients' needs.

Finance brokers are particularly useful for those who may not have the time or expertise to navigate the complex world of finance on their own. They provide valuable insights and guidance throughout the borrowing process.

What is the process of working with a finance broker?

The process of working with a finance broker typically involves the following steps:

  1. Initial Consultation: Discuss your financial needs and goals with the broker.
  2. Document Submission: Provide necessary documents for assessment.
  3. Loan Options: The broker will present suitable loan options based on your profile.
  4. Application Process: The broker will assist you in completing the application and submitting it to the lender.

This structured approach ensures that you receive personalised service throughout the borrowing process.

What should I ask my finance broker?

When meeting with a finance broker, consider asking the following questions:

  • What lenders do you work with? Understanding their network can help you gauge your options.
  • What fees do you charge? Clarifying costs upfront can prevent misunderstandings.
  • How will you communicate with me? Establishing communication preferences can enhance your experience.

Asking the right questions can lead to a more productive relationship with your broker.

Talk to us today about your options.

Talk to us today about your options. Whether you're in Beenleigh, Logan, Scenic Rim, or on the Gold Coast, Gwen @ Ferns Finance is ready to provide expert, straightforward advice.

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