Equity release
Borrow against equipment you own outright. You keep ownership and the lender takes security over the assets.
Cash from your gear
Equipment Refinance: Unlock Cash From Gear You Already Own
Your yard is full of machines and vehicles that are paid off. Turn some of that value into working capital, fast, without selling a thing.
Hidden cash
How can equipment I own help with a cash crunch?
Many businesses are asset-rich and cash-poor. The excavators, trucks and trailers parked in the yard represent a lot of value, but none of it helps when payroll is due on Thursday, the ATO wants paying or a supplier is chasing an overdue invoice.
Equipment refinance lets you borrow against vehicles and machinery your business already owns, either outright or with only a small balance left. The asset becomes the security, the cash lands in your account, and the gear keeps working exactly as it did before.
It can also be used to restructure existing equipment loans, such as rolling a looming balloon into a new term or combining several finance contracts into one more manageable repayment. Either way, the aim is the same: better cash flow from assets you already have.
Equipment refinance releases cash from vehicles and machinery your business already owns by using them as security for a new loan, or through a sale and leaseback. The equipment keeps working while the funds go to cash flow, tax or growth. With ownership proof, ID and bank statements ready, next-business-day settlement is possible for straightforward applications.
Three approaches
Ways to refinance business equipment
Each approach suits a slightly different situation, depending on whether you want cash, lower repayments or both.
Sale and leaseback
Sell the equipment to a lender and lease it straight back. You receive the cash and keep using the gear without interruption.
Restructure or balloon refinance
Refinance an existing loan or an upcoming balloon into a new term to ease repayments or free up cash.
How fast can I get cash from equipment refinance?
It can be one of the quicker ways to raise business funds, because there is no new purchase to coordinate. Approval and settlement can move fast when proof of ownership, ID and bank statements are ready, and next-business-day settlement is possible for straightforward applications.
Picture a civil contractor waiting on a large progress claim while the BAS and wages fall due in the same week. Refinancing two paid-off tippers could bridge that gap within days, and the trucks never leave the job. If that is your week, start the 60-second enquiry now.
What equipment can be refinanced?
Lenders prefer assets with a serial number or VIN, a clear market value and a reasonable remaining working life. Common examples include:
Very old, heavily modified or highly specialised equipment can be harder to refinance on its own, but it may still add weight to a wider application. When you enquire, list everything you own with the make, model, year and hours or kilometres, and let us work out which assets give you the strongest result.
- Trucks, prime movers and trailers
- Excavators, loaders and other earthmoving machinery
- Tractors, harvesters and farm equipment
- Utes, vans and light commercial vehicles
- Forklifts and warehouse equipment
- Manufacturing, printing and CNC machinery
How much can I borrow against my equipment?
It depends on the current value of the gear, its age and condition, how easily it would resell and the strength of your business. Lenders typically lend a portion of the asset's value rather than all of it, and they may want a valuation or inspection on larger or specialised items.
The best way to find out is to list your assets with make, model, year and hours or kilometres when you enquire. If you need more than the equipment can support, property-secured business loans from $20,000 to $5,000,000 may also be an option. Read more on how much your business can borrow.
Apply today… cashed up tomorrow!
Need the gear on site this week?
Start the 60-second enquiry now. When your documents are ready and the deal is straightforward, being cashed up as soon as tomorrow is possible for eligible applicants.
Is sale and leaseback different from a loan?
Yes. With equity release, you still own the equipment and the lender holds security. With sale and leaseback, the lender buys the equipment from you and leases it back, so ownership changes even though nothing moves physically.
Each has different accounting and tax consequences, including how GST applies to the sale. Talk to your accountant before choosing, and see equipment lease vs loan for how leases generally compare with owning.
What can the cash be used for?
The funds must be used for business purposes, but within that there is a lot of flexibility. Owners commonly use equipment refinance to cover wages, pay down an ATO debt, buy stock, take on a bigger contract or consolidate expensive short-term debts.
If you are dealing with a tax debt, our page on ATO debt business loans explains the options, and urgent cash flow funding covers other ways to fill a short-term gap.
Can I refinance a balloon payment that is coming due?
Often, yes. A balloon falling due can be a nasty surprise if cash is tight. Refinancing it into a new term keeps the asset in the business and turns one large payment into manageable instalments.
Start the conversation a few weeks before the balloon is due if you can. It gives you time to get the paperwork right, though urgent cases can still move quickly when documents are ready.
Talk to us about the gear in your yard
There is no credit check when you first enquire, a real person reviews your assets and situation, and your details are not scattered to a pile of lenders. Please fill in the form accurately, including the assets you own and any finance still owing, so we can match you first time.
All refinancing is subject to lender approval, but a clear list of equipment gives you the best chance of a quick answer.
Trust and process
Clear, secure finance enquiries
Loanster keeps the enquiry process straightforward: no credit check to enquire, a real person looks at your situation, and your details are not sprayed out to a pile of lenders.
Secure online enquiry
Personal details are submitted through a secure form and are not sent through URL query strings.
Australian business context
Enquiries can include ABN, BAS, ATO, bank statement and asset details where relevant.
Lender criteria apply
Approval, pricing, loan amounts and funding times depend on lender assessment.
Clear next steps
Loanster helps identify what information may be needed before a lender can make a decision.
Common questions
Equipment Refinance: Unlock Cash From Gear You Already Own FAQs
Can I refinance equipment that still has finance owing?
Often, yes. The new lender pays out the existing loan and any remaining equity can be released as cash, subject to the asset's value and your circumstances.
Will I lose use of my equipment?
No. Whether you choose equity release or sale and leaseback, the equipment stays with you and keeps working throughout.
Do I need a valuation?
Sometimes. Lenders may rely on invoices, market data or photos for common assets, while larger or specialised items may need an inspection or valuation.
Can I refinance equipment with bad credit?
Possibly. Because the equipment is security, lenders may consider past defaults or ATO debt case by case if the business is trading well.
Is equipment refinance faster than a bank loan?
It can be, because the security is already in hand. With ownership proof, ID and bank statements ready, next-business-day settlement is possible for straightforward applications.
Are there tax implications?
There can be, particularly with sale and leaseback. Your accountant should confirm how the transaction affects GST, depreciation and deductions for your business.
Related finance options
Explore connected Loanster pages
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All equipment loan options
See every equipment loan page on Loanster in one place.
Start your enquiry
See what you may qualify for
Tell Loanster what kind of finance you are looking for and the team will guide you through the next step. Please fill in the form accurately so we can match you first time. Finance is subject to lender approval, eligibility criteria, terms and conditions.
Prefer to talk? Call 03 9999 7370.
Last reviewed: 24 October 2026
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