Asset finance

Quick facts

Amount

From $1,800 to $18m typically

Term

From 6 months to 7 years

Cost

From 1.4%

Speed

From 24 hours

Purpose of finance

Equipment leasing or hire-purchase

Suitable for

Businesses needing equipment without the upfront costs (not startups)

Asset finance is a type of lending that gives you access to additional business assets (e.g. equipment). There are two main types of asset finance: equipment leasing and hire purchase.

If you are facing a large one-off payment to access equipment, machinery or vehicles, you might want to consider asset finance as an alternative to traditional bank loans or overdrafts.

The two main types of asset finance are:

equipment leasing (including finance leases, operating leases and contract hire)
hire purchase.

You might also consider asset refinance, which allows you release cash from the value in your existing assets.

Ready to grow your business?

5 Ways to Make Your SME More Financeable

Steps to get you business ready for funding

Relationship-led lending is making a comeback. How will this affect your business?

Should you borrow to grow your business? Swoop’s five-point checklist will help you decide

02 7908 3807

Business funding

About

Compare & save

Other

Our offices:

Disclaimer: Swoop Finance Pty Ltd (ABN 52 644 513 333) helps Australian firms access business finance, working directly with firms and their trusted advisors. We are a credit broker and do not provide finance products ourselves. All finance and quotes are subject to status and income. Applicants must be aged 18 and over and terms and conditions apply. Guarantees and Indemnities may be required. Swoop Finance Pty Ltd can introduce applicants to a number of providers based on the applicants’ circumstances and creditworthiness, we may receive a commission or finder’s fee for effecting such introductions. Swoop Finance Pty Ltd does not provide any kind of advice and in giving you information about providers products, we are not making any suggestion or recommendation to you about a particular product. Offers of finance are subject to a separate assessment process by the provider and subject to their terms and conditions. If you feel you have a complaint, please read our complaints section which is contained within our terms and conditions.