Motor Vehicles, Light Commercial Vehicles, Heavy Machinery, Earthmoving Equipment, Trucks, Trailers, Yellow Goods, Tractors and more…

The equipment types that can be financed varies between lenders.

Your Broadlink equipment finance broker can help you locate the financiers that offer no-financials funding for your particular scenario.

The conditions vary between financiers & depend on factors, which may include:

• Is the business equipment New or Used?
• If the equipment is used, how old is it?
• Is the equipment being purchased from a dealer or from a private supplier?
• What type of equipment is it?
• What amount of finance is required?
• How long has the business been operating?
• Does the business or business owners have some equity in real estate?

Whilst some lenders do charge a higher interest rate for a perceived higher risk, most choose to remain competitive regardless of how they assess the application.

These tick and approve style applications require little to no financial analysis, reducing staff costs and speeding up approvals. The lower running costs of the no-financials product gives lenders the opportunity to remain interest rate competitive and fast to approve in a market that demands it.

In most cases we find that it's just a matter of convenience for an applicant, as the application process is just easier & much faster.

In other cases your accountant may have not yet completed your last year's financials.