Equipment Finance for Australian Businesses: What Lenders Check
Equipment Finance for Australian Businesses: What Lenders Check Equipment finance is usually assessed on more than the purchase price. Lenders look at the asset, the business profile, the documents available and whether the repayment makes sense for cash flow. This guide is for Australian businesses comparing finance options before they apply. What lenders usually check Asset age, condition and seller type ABN and trading history Deposit position Bank statements, BAS or financials where available Repayment term and any balloon payment Whether the asset directly supports business income Why lender fit matters Different lenders can treat the same application differently. One lender may prefer newer dealer-supplied assets, while another may be more useful for used assets, low-doc files or newer ABNs. The aim is not just to find a headline rate. The aim is to match the application to lenders that are likely to understand the asset, the borrower and the intended business use....