We understand that heavy industrial machinery can be quite expensive for most businesses. This cost can add significantly to the initial setup costs of any business. So, we find financing for both used and new heavy machinery, providing your business with the greatest flexibility.

While depreciation does occur on both new and used heavy machinery, it will happen at a slower rate on newer machinery than older machinery. However, used heavy machinery can cost substantially less and serve your business just as well if it is properly maintained.

This will depend on your use case of the heavy machinery and your businesses current situation. When looking for plant and heavy machinery financing, a business must examine its priorities and use case first.

If the heavy machinery you want to finance is only needed for a one-off project or short-term use, then leasing may be a cost-effective solution for your business.

However, if you need the heavy machinery into the long-term buying is generally the better option. You can then control the asset, reselling the machinery for a profit over time, or leasing it to others for a fee.

Financing can help many businesses grow and succeed. It offers many benefits including:

• Flexible loans with amounts ranging from $5,000 to $5 million or more
• Many flexible term options from five years or more in many different circumstances
• Fixed repayment options or tailored monthly payments for your business
• Suitable for any industry or business structure
• Can help startups with funding
• You can use financing to fund the full purchase price of heavy machinery including GST
• No required registered mortgage debentures or additional property security

Operating leases allow businesses from a range of industries to remain competitive by keeping their plants and heavy machinery up to date. By effectively serving as a rental lease, an operating lease allows businesses to keep up to date with new and modern equipment and heavy machinery, or to quickly replace old equipment when it breaks down.

Generally, operating leases are considered by accountants as part of operating costs instead of a liability. This is helped by some flexibilities many lenders offer, including exchange programs offered by some lenders to reduce costs.

As Plants and heavy machinery are expensive, sometime costing more than seven figures, lenders may offer a business overdraft to finance the machinery and equipment. This could be useful for many businesses. However, it is important to look out for extra fees some lenders charge when you redraw on a loan. To find out what the best option for your business is, talk to a financial consultant. They will be able to see if the benefits will outweigh the costs for your business.