Funding to replace broken equipment

A refrigerated truck with a failed compressor, an excavator with a cracked hydraulic line, a coffee machine that dies on a Saturday morning. When essential equipment stops, income stops with it, and the bill for getting it going again rarely arrives at a convenient time.

Put a number on the downtime

Before choosing funding, work out what each day without the equipment costs: lost jobs, idle staff, penalties for late delivery, hire costs for a stand-in. That figure tells you how much speed is worth and helps compare repair against replacement.

Repair or replace?

	Repair	Replace
Upfront cost	Usually lower	Usually higher
Downtime	Depends on parts	Depends on supply
Risk of repeat failure	Higher on older equipment	Lower
Best funding fit	Unsecured loan or line of credit	Equipment finance

Get a quote for both if you can. A repair that buys only a few months can cost more in the long run than a replacement financed over its working life.

Want a person to look at your numbers? The 60-second enquiry runs no credit check, and the person who reads it is the person who calls you back.

Funding options

• Equipment finance: the new or second-hand asset secures the loan, keeping your cash free. Common for vehicles, trucks and machinery.
• Unsecured business loan: suits repairs, parts and equipment that is hard to finance on its own.
• Line of credit: if you already have one, a draw can pay the repairer the same day.
• Property-secured funding: for very large replacements, or several assets at once.

Moving quickly

On a complete file, approval within the hour is possible, and funding within 24 hours can happen once documents are signed. Have the supplier’s quote or invoice, your ABN and online banking access ready. If the supplier can be paid directly, tell us at the start.

Avoiding the next emergency

Keep a list of your critical equipment, its age and its likely replacement date. A modest standing line of credit, ready before anything breaks, turns a breakdown from an emergency into an inconvenience. See equipment finance vs paying cash for planning replacements ahead.

Key takeaways

• Every day of downtime has a cost
• Equipment finance suits replacements; unsecured funding suits repairs
• Get quotes for both repair and replacement
• A standing line of credit turns breakdowns into routine events

What happens when you enquire

Everything starts with a short enquiry: how much, what for, how long you have traded, roughly what you turn over and whether there is property in the picture. A person, not a scoring engine, reads it and calls you. They ask for the evidence that actually decides the loan, explain the realistic options and give you the full cost in writing. Nothing goes ahead, and no credit check is run, until you say yes. On a complete file, approval within the hour is possible. Every step is explained as it happens, so you always know what is being checked and why.

A quick test before you borrow

Not every cash problem is a funding problem. Sometimes the better fix is a conversation with a supplier, a payment plan with the ATO, chasing an overdue invoice or adjusting prices. Funding earns its place when it solves a timing gap or unlocks an opportunity worth more than its cost. We will tell you honestly which situation you are in.

A simple preparation list

You do not need a folder of financial statements to start an enquiry. For most unsecured and property-secured funding, these few items cover the essentials:

• Photo ID for each director or owner.
• Access to your business bank account for a secure statement link.
• Your latest BAS, if it is handy.
• Details of existing finance, including any daily or weekly repayments.
• For property-secured funding, the property address and current loan balance.

Getting the enquiry right

Late surprises are what slow funding down. A second property owner nobody mentioned, turnover that is lower in the statements than on the form, an amount that doubles after the first call: each one sends the assessment back to the start. If you tell us the full story at the beginning, even the awkward parts, the file only has to be worked through once.

Check your eligibility

Ready when you are. Send your enquiry and a real person will review it and call you back. There is no credit check to enquire and no selling of your details. The only thing we ask is accuracy: tell us what you really need, what the business really turns over and how your credit really looks, so the first match is the right match.