How Can I Access Heavy Equipment Finance Fast?

brock88315
4 days ago
3 min read

When your project relies on machinery, delays in funding can mean costly downtime. Whether you're expanding operations, replacing outdated gear, or landing a new contract, fast access to heavy equipment finance can keep your business moving. From construction to mining and manufacturing, tailored financing solutions can be the difference between winning and losing jobs.

At Millard Financial, we help businesses across the Gold Coast and South East Queensland secure the equipment they need—without the runaround. If you’re wondering how to access heavy equipment loans quickly and what options are available, this guide covers everything you need to know.

What Is Heavy Equipment Finance?

Heavy equipment finance refers to specialised loans or leases used to purchase large commercial machinery. This includes everything from excavators and cranes to manufacturing machines and aviation equipment. Businesses typically choose between leasing and buying through loans, depending on cash flow and ownership preferences.

Some of the most common types of equipment finance include:

Heavy Machinery Loans – Ideal for outright purchase of construction, mining, or agricultural equipment.
Construction Equipment Finance – Tailored for builders, developers, and tradies managing large site operations.
Mining & Quarry Equipment Loans – Designed to support heavy-duty industrial investments.
Truck & Commercial Vehicle Finance – Perfect for logistics, freight, or civil businesses expanding their fleet.
Excavator & Earthmoving Equipment Finance – Suitable for site prep, trenching, and infrastructure projects.
Mobile & Tower Crane Finance – For companies working at height or moving large loads.
Manufacturing Machine Finance – To fund precision tools, production lines, or robotics.
Medical Equipment Finance Solutions – Used for clinics, diagnostic machines, or health tech setups.
Aviation Finance & Bus Finance – Commercial transport operations can also benefit from structured loans.

No matter your industry, Millard Financial can help you apply for heavy equipment financing with Australia's leading lenders—minus the paperwork drama.

Leasing vs Buying: What’s Best for Your Business?

When it comes to heavy equipment leasing vs financing, each has its perks:

✅ Leasing Pros:

Lower upfront costs
Easier equipment upgrades
Often tax-deductible (check with your accountant)

✅ Buying (Loan) Pros:

Full ownership
No restrictions on usage
May increase asset value for business equity

Heavy equipment loan rates in Australia can vary depending on credit history, loan term, asset type, and lender conditions. We work closely with over 40 specialist lenders to source the best heavy equipment finance companies in the country—so you don’t have to.

How to Qualify for Heavy Equipment Finance Fast

Want to finance used heavy equipment? Or worried your business might not meet strict lending criteria? Good news: there are solutions available even for complex scenarios.

Here’s how to speed things up:

1. Have your financials ready

Most lenders want to see your ABN, BAS statements, and recent bank records.

2. Know your equipment specs

New or used? Make, model, and condition all help secure approval faster.

3. Understand your credit position

Wondering what credit score is needed for equipment financing? Most banks prefer scores over 600, but specialist brokers like Millard can help with low-doc options too.

4. Pick the right term

Loan terms range from 1–7 years. If you’re asking how long you can finance heavy equipment, the answer depends on asset age and your business goals.

5. Talk to a broker who gets it

We cut out the back-and-forth. Millard Financial will shortlist your heavy equipment financing options and help you submit the right application—fast.

FAQ: Top Questions About Heavy Equipment Loans

Can you finance used construction equipment?

Yes. Used equipment is eligible for loans, especially if it's in good working order with identifiable resale value.

What is the best way to finance heavy equipment?

It depends on your goals. Loans are best for ownership, leasing suits short-term or evolving equipment needs.

Are there loans for small businesses?

Yes. We specialise in equipment financing for small businesses that may not meet major bank criteria.

Are there government resources for equipment finance?

You may find support through business.gov.au or the ATO’s asset write-off rules—especially if you're purchasing assets under the instant asset write-off threshold.

Local Support for Gold Coast & SE Queensland

From Brisbane to Byron Bay, Toowoomba to Tweed, we provide heavy equipment financing Gold Coast and South East Queensland businesses can count on. Whether you're in construction, agriculture, mining, or logistics, our local brokers understand the fast-paced industry climate—and offer solutions that keep up.

We’ve helped businesses secure: