If you are a business in Adelaide looking to finance commercial equipment, using a specialist equipment finance broker is the most effective way to access competitive rates across the widest possible range of lenders. Rather than going direct to a single bank or accepting the rate offered by a dealership, a broker compares the entire market on your behalf — and the service is completely free.
Why Adelaide Businesses Use a Equipment Finance Broker
Adelaide is a growing commercial and industrial centre with strong manufacturing and transport sectors, with significant activity across the manufacturing, transport, agriculture and civil construction industries. Businesses in SA are among the most active users of equipment finance in the country, and the most competitive rates are available to those who compare the market rather than accepting the first offer. A specialist equipment finance broker in Adelaide gives you access to 80 or more lenders — including banks, non-bank commercial lenders and specialist commercial equipment funders — and negotiates terms tailored to your profile.
What Types of Equipment Can Be Financed?
Through Overdrive Funding, Adelaide businesses can arrange finance for manufacturing equipment, CNC machines, medical equipment, hospitality equipment, IT assets, workshop hoists, printing equipment, woodworking machinery and all commercial equipment. Both new and used assets are eligible, including dealer purchases, private sales and auction buys. Low-doc finance is available up to $500,000 with minimal paperwork, and full-doc options are available for larger loan amounts.
Equipment Finance Rates in Adelaide
Equipment Finance rates for Adelaide businesses currently range from approximately 6.1% to 15% per annum depending on your credit profile, ABN history, asset age and the lender your application is matched to. Established SA businesses with full financials purchasing new assets tend to achieve rates at the lower end of this range. Newer ABNs and used assets may attract higher rates, but a specialist broker who understands the Adelaide market can often achieve approvals and rates where a direct bank application would be declined.
How the Process Works
Getting equipment finance through a broker in Adelaide is straightforward. You speak directly with Overdrive Funding Director Simon Kendrick, who gathers your details, assesses your situation, and prepares your application for submission to the most suitable lenders on your panel. Most applications are assessed within 24 to 48 hours. Once approved, settlement typically occurs within a few business days. You deal with one person throughout — not a call centre.
Overdrive Funding arranges equipment finance for businesses across Greater Adelaide and all of South Australia. Our service is 100% free to borrowers. Contact us today for a fast, no-obligation quote on your next commercial equipment purchase.