Forklift Loan
Forklift Finance Made Easy: Get Approved Fast
Simple application, fast approvals, and competitive rates.
Ready to upgrade your equipment or expand your operations? We offer a wide range of forklift financing options tailored to your specific needs. From electric forklifts to diesel forklifts, we can help you find the perfect machine and the right loan to match. Get started today and find the perfect forklift to power up your business!Why Choose SB Finance for Your Forklift Loan?
Competitive Rates
We're on your team! We work hard to find the best rates, so you can save money and keep your business moving.
Fast Approvals
No waiting around! Get a decision within 24-48 hours and get that forklift working for you.
Easy Application
We've made it super simple. Apply online in minutes, and we'll guide you through the process.
Flexible Options
We get it – every business is different. We'll find loan terms that fit your unique needs and budget.
Expert Support
Have questions? Our friendly team is here to help every step of the way.
Simple Process
No need to stress about paperwork. We keep it clear and straightforward.
Forklift Loan Options
New and Used Forklift Finance
Wide Range of Forklifts
Whether you need a powerful diesel forklift for heavy-duty outdoor work, a versatile electric forklift for indoor warehouse operations, or a specialised reach truck for narrow aisles, we can finance it.
New or used, we have you covered.
Competitive Rates: We offer competitive rates on all forklift loans, regardless of the age, type, or capacity of the forklift.
Competitive Rates
We offer competitive rates on all forklift loans, regardless of the age, type, or capacity of the forklift.
Flexible Loan Amounts
We understand that every business has different needs and budgets. We’ll work with you to determine the appropriate loan amount based on your financial situation and the forklift you’re looking to acquire.
Tailored Solutions
Our team will take the time to understand your operational requirements and financial goals to structure a loan that aligns perfectly with your needs.
Chattel Mortgage
Own your forklift from day one
With a Chattel Mortgage, the forklift 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 forklift as a business expense.
Finance Lease
Preserve your cash flow with lower upfront costs
A Finance Lease allows you to acquire the forklift 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 forklift at the end of the lease term
At the end of the lease term, you have the option to purchase the forklift, 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 forklift
Finance Lease
SB Finance owns the forklift
Generally lower
Lower upfront costs
Potentially deduct lease payments
Option to buy, upgrade, or return
Get Your Free Forklift Loan Quote Today!
Take the first step towards acquiring the forklift you need. Apply online in minutes and receive a personalised quote
Frequently Asked Questions
We can finance a wide range of forklifts, including:
- Electric forklifts
- Diesel forklifts
- LPG forklifts
- Reach trucks
- Order pickers
- Pallet jacks
- Rough terrain forklifts
- And more!
While it’s not always a strict requirement, it’s helpful to have the necessary licenses and qualifications to operate the forklift you’re financing. This demonstrates your ability to safely use the equipment.
Yes, we finance both new and used forklifts. We’ll consider the age, condition, and market value of the forklift when assessing your application.
You’ll need to have comprehensive insurance for your forklift throughout the loan term. This protects both you and the lender in case of damage, theft, or liability.
This depends on the terms and conditions of your loan. Some loans may be specifically for business use only, while others may allow for limited personal use.
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.
- Requirements to apply for Forklift loans
- Details about the Forklift you wish to purchase, including the make, model, and year of manufacture.
We know you’re eager to get your forklift operational, 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 forklift loan you need.
Yes, you can usually make extra repayments or pay off your forklift loan early. There may be some fees associated with early repayment, so it’s best to check the terms and conditions of your loan or contact your loan specialist for more information.
