Business Equipment Finance

The right equipment is the engine of your business, driving productivity and profitability. Equipment finance is the smart way to acquire the essential tools you need to grow, without tying up your valuable working capital. At Max Rich, we specialise in securing fast, competitive finance for a vast range of business equipment.

Equipment Finance for Gold Coast Businesses

In today's fast-moving Gold Coast market, having modern, reliable equipment is crucial. Whether you're in construction, hospitality, manufacturing, or healthcare, we understand that the right machinery is a non-negotiable part of your success. From funding an excavator for a project in Pimpama, to fitting out a new cafe in Broadbeach, or upgrading the diagnostic tools in a Robina medical suite, we are your expert finance partners. We make the process fast and simple so you can get your new equipment on-site and generating revenue.

Our Streamlined Equipment Finance Process

Our process is built for busy business owners. We handle the complexities of the application so you can focus on what you do best—running your business.

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1

Initial Quote & Needs Analysis

‍We begin with a quick discussion about the specific equipment you're buying, the supplier, and your business structure to provide a tailored quote.

2

Simple & Fast Application

‍Our application process is designed to be as efficient as possible. We minimise the paperwork and offer streamlined documentation options for established businesses.

3

Specialist Lender Matching

‍We connect you with the right lender from our extensive panel—one that understands your industry and has the best rates for your specific type of equipment.

4

Securing a Quick Approval

‍We know that business opportunities don't wait. We work to secure a fast credit decision, often within 24-48 hours, so you can commit to your purchase.

5

Supplier Invoice & Settlement

‍Once approved, we liaise directly with your equipment supplier. We pay their invoice and handle all the settlement paperwork for you.

6

Your Equipment is Delivered

‍With the finance settled, your new equipment is delivered and ready to be put to work, helping you serve your customers and grow your bottom line.

Explore your loan options & their features.

We can finance almost any income-producing equipment for your Gold Coast business, using smart structures like a Chattel Mortgage or Finance Lease to maximise your benefits.

Commercial hire purchase

A Commercial Hire Purchase (CHP) is a straightforward finance agreement where a lender purchases an asset on your behalf and hires it to your business for a fixed term. Your business has full use of the asset while making regular payments.

Chattel mortgage

Commonly used by business owners and operators for car and equipment finance.  With a chattel mortgage, the asset is owned by you from the outset and the loan agreement is secured by the asset.

Finance lease

A Finance Lease is a powerful tool for Gold Coast businesses to acquire essential vehicles or equipment without any upfront capital outlay. Under this arrangement, the financier purchases the asset on your behalf, and your business leases it from them for a fixed monthly rental payment over an agreed term.

Novated lease

A Novated Lease is one of the most tax-effective ways for salaried (PAYG) employees on the Gold Coast to finance and run a vehicle. It's a simple arrangement between you, your employer, and a financier, where your car payments and all running costs are bundled into one regular deduction from your pre-tax salary.

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Helpful calculators.

Explore your financial possibilities and understand potential costs with these handy calculators.

Balloon Payment Calculator

Use the balloon payment calculator to understand the impact that a balloon payment will have on your monthly loan repayments and the total amount of interest you’ll be required to pay.

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Budget Planner Calculator

Use this budget planner to help understand your income and expenses, and where you could make savings.

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Car Loan Calculator

Find out how much your car loan repayments will be, and the total interest charged for the car loan.

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Loan Comparison Calculator

Different loans have different fees, features and repayment options. Use our loan calculator to see how the numbers stack up between two loans.

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Loan Repayment Calculator

Use this repayment calculator to understand how much your loan repayments might be.

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Frequently asked questions.

View our full FAQs
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What are closing costs?

Closing costs are fees associated with finalising a mortgage transaction. These costs can include loan origination fees, title insurance, appraisal fees, and more. Typically, closing costs range from 2% to 5% of the loan amount.

Importance of Closing Costs

Being aware of closing costs is essential for buyers, as they can significantly impact the overall cost of purchasing a home.

What are the types of mortgages?

There are several types of mortgages available to borrowers, each with its own features and benefits. The most common types include:

  • Fixed-Rate Mortgage: The interest rate remains the same throughout the life of the loan.
  • Adjustable-Rate Mortgage (ARM): The interest rate may change at specified times, usually resulting in lower initial payments.
  • Interest-Only Mortgage: The borrower pays only the interest for a certain period, after which they begin paying off the principal.

Choosing the right type of mortgage depends on individual financial situations and long-term goals.

What is a good interest rate?

A "good" interest rate is more than just the lowest number. The most competitive loan package is one that has a great rate combined with the right features (like an offset account), low fees, and a lender policy that suits your circumstances. Our job is to compare options from over 60 lenders to find the loan that offers the best overall value for you.

What is a mortgage?

A mortgage is a loan specifically used to purchase real estate. It is secured by the property itself, meaning that if the borrower fails to repay the loan, the lender can take possession of the property through a legal process known as foreclosure.

Key Components of a Mortgage

  • Principal: The amount of money borrowed.
  • Interest: The cost of borrowing the principal, usually expressed as a percentage.
  • Term: The length of time over which the loan must be repaid, typically 15 to 30 years.

Understanding these components is crucial for anyone looking to buy a home.

What is an interest only loan?

An interest only loan is where your repayments for a set period (usually 1-5 years) only cover the interest portion of the loan, not the principal balance. This results in lower initial repayments and is a common strategy used by property investors to maximise cash flow or during the construction phase of a new home.

What is stamp duty and how much does it cost?

Stamp duty is a tax charged by the Queensland Government on the purchase of a property. The amount payable is calculated based on the property's value, and concessions or exemptions may be available, particularly for first home buyers. As part of our service, we will provide you with a precise calculation of the stamp duty payable for your purchase.

Talk to us today about your options.

Let’s chat today and find the right solution for you. Whether you’re buying your first home, expanding your business, or upgrading your vehicle, Maxine and the Max Rich Brokerage team provide expert, obligation-free guidance across the Gold Coast, Logan, Brisbane, and the Scenic Rim, tailored to your goals.

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