Excavator Loan Specialist
Own Your Excavator Sooner: Fast Approvals, Flexible Terms
We specialise in excavator finance, so you can focus on your projects.
Don't let financing hold you back. Get started today and get the excavator that's perfect for your business with SB Finance's flexible loan options and expert guidance. Whether you're tackling a major construction project, expanding your fleet, or just need a reliable machine to get the job done, we'll help you find the right financing solution to make it happen.Why Choose SB Finance for Your Excavator Loan?
Get approved quickly
Fast approvals with our easy application process.
Dedicated Customer Support
Exceptional support throughout your finance journey.
Flexible Terms and No Deposit Options
Flexible terms, no deposit required.
Competitive Rates
Australia's most competitive excavator loan rates.
Personalised Service
Dedicated loan specialist for expert guidance.
Excavator Loan Options
New and Used Trailer Finance
Wide Range of Excavators
Whether you’re looking for a mini excavator to navigate tight spaces or a heavy-duty machine for large-scale projects, we can finance it. New or used, we have you covered.
Competitive Rates:
We offer competitive rates on all excavator loans, regardless of the age or type of machine.
Flexible Loan Amounts:
We understand that every business has different needs. We’ll work with you to determine the appropriate loan amount based on your financial situation and the excavator you’re looking to acquire.
Tailored Solutions
Our team will take the time to understand your project requirements and financial goals to structure a loan that aligns perfectly with your needs.
Chattel Mortgage
Own your excavator from day one
With a Chattel Mortgage, the excavator is yours from the moment you drive it off the lot. This gives you full control and allows you to claim depreciation as a business expense.
Enjoy potential tax benefits
Enjoy potential tax benefits, including claiming GST credits and deductions for interest and depreciation.
Benefit from fixed repayments and flexible terms
Benefit from predictable monthly repayments and tailor your loan term to suit your budget and business goals.
Claim depreciation as a business expense
Reduce your taxable income by claiming the depreciation of your excavator as a business expense.
Finance Lease
Preserve your cash flow with lower upfront costs
A Finance Lease allows you to acquire the excavator without a significant upfront investment, freeing up your cash flow for other business needs.
Enjoy lower monthly repayments
Enjoy lower monthly repayments compared to a Chattel Mortgage, making it an attractive option for businesses seeking to manage their expenses.
Claim lease payments as a tax deduction (depending on your circumstances)
Depending on your circumstances, you may be able to claim lease payments as a tax deduction.
Maintain flexibility to upgrade or return the excavator at the end of the lease term
At the end of the lease term, you have the option to purchase the excavator, upgrade to a newer model, or simply return it.
Chattel Mortgage vs. Finance Lease
Feature
Ownership
Monthly Payments
Upfront Costs
Tax Benefits
End of Term
Chattel Mortgage
Yours from day one
Generally higher
May require a deposit
Claim depreciation and GST credit
You own the excavator
Finance Lease
SB Finance owns the excavator
Generally lower
Lower upfront costs
Potentially deduct lease payments
Option to buy, upgrade, or return
Get Your Free Excavator Loan Quote Today!
Whether you have questions or inquiries about our services, we’re here to assist you every step of the way.
Frequently Asked Questions
To be eligible for an excavator loan with SB Finance, you’ll generally need to meet a few key criteria:
- Be an Australian resident or citizen.
- Have a good credit history to demonstrate your financial track record.
- Show us you have the capacity to make repayments, ensuring the loan is a good fit for your budget.
- Provide information about your business’s financial stability to help us assess your ability to support the loan.
- Clearly outline the type of excavator you’re looking to finance so we can tailor the loan to your specific needs.
Speak to our experts to see if you could be eligible for a low-doc commercial loan. If you dont qualify, you may need the following to ensure a smooth and efficient application process:
- Identification documents (such as your driver’s license or passport).
- Financial statements that give us a clear picture of your business’s financial health.
- Tax returns to verify your income and expenses.
- Details about the Excavator you wish to purchase, including the make, model, and year of manufacture.
We know you’re eager to get your excavator on-site, so we’ve streamlined our approval process. While the exact timeframe may vary, you can typically expect a decision within 24-48 hours of submitting all the necessary documents.
We believe everyone deserves a fair go. We understand that circumstances can change, and credit scores aren’t always perfect. If you have some credit challenges in your past, we encourage you to contact us. We’ll assess your individual situation and explore all possible solutions to help you secure the excavator finance you need.
