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Construction Finance2026-07-192 min read

Tower Crane Finance Australia | Overdrive Funding

Finance tower cranes and hammerhead cranes. Construction equipment finance from 80+ lenders.

SK

Simon Kendrick

Managing Director & Head Finance Broker, Overdrive Commercial Funding

Key Takeaways

  • Overdrive Funding arranges construction equipment finance for all asset types — new, used, demo and auction.
  • We compare 80+ lenders in one free application to find the most competitive rate.
  • Low doc finance available up to $500,000 — no tax returns or BAS required for eligible ABN holders.
  • Finance available for established operators, new ABNs and adverse credit.
  • Our service is free — we're paid a "referral fee" by the lender after settlement.

Tower cranes are among the most capital-intensive assets in the Australian construction industry. Overdrive Funding arranges construction equipment finance for tower cranes, luffing jib cranes and flat-top cranes used on commercial and residential high-rise projects.

Tower Crane Finance: What We Finance

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  • Flat-top tower cranes (Liebherr, Potain, Comedil, Jaso)
  • Luffing jib tower cranes for tight city sites
  • Hammerhead and saddle jib tower cranes
  • Self-erecting tower cranes for smaller sites
  • Tower crane mast sections and climbing frames
  • Used and second-hand tower cranes

Construction Equipment Finance Structures

  • Chattel mortgage — own the asset from day one, interest and depreciation tax-deductible for GST-registered businesses
  • Finance lease — keep equipment off your balance sheet; lender retains ownership until residual is paid
  • Commercial hire purchase — fixed repayments with ownership transferring at end of term
  • Balloon/residual — reduce monthly repayments with a lump sum at end of term
  • Operating lease — ideal for equipment with short replacement cycles

Finance Rates

Construction equipment finance rates in Australia start from around 6.29% per annum for established operators with clean credit financing new equipment. Used assets, new ABNs and adverse credit attract higher rates. Overdrive Funding compares 80+ lenders including specialist construction finance lenders to find the sharpest available rate for your business.

How to Apply

Fill in the form above or call Simon to get started. We compare 80+ lenders for your construction equipment finance in one application — no multiple credit enquiries, no cost to you. Most applications receive a decision within 24 to 48 hours.

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Frequently Asked Questions

Common questions about this topic, answered by Simon Kendrick.

How do unsecured business loans work in Australia?

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Unsecured business loans provide working capital without requiring property or equipment as security. Non-bank lenders assess your business bank statements and revenue to determine how much you can borrow, at what rate and over what term.

What is the difference between a secured and unsecured business loan?

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A secured loan uses collateral such as property, equipment or invoices as security, typically offering lower rates and higher amounts. An unsecured loan requires no collateral but generally carries a higher rate to reflect the increased lender risk.

How are unsecured business loan repayments structured?

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Most non-bank unsecured loans use daily, weekly or monthly repayments automatically debited from your business account. The repayment frequency and structure vary between lenders and products.

What can I use an unsecured business loan for?

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Most unsecured business loans have no restrictions on use for legitimate business purposes including working capital, stock, marketing, wages, equipment, fit-outs, ATO debt or business growth.

What is a business line of credit and how does it work?

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A line of credit provides access to a pre-approved credit limit that you draw on as needed, paying interest only on the amount drawn. It is well-suited to managing cash flow gaps or short-notice business opportunities.

What is the minimum revenue required for an unsecured business loan?

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Revenue requirements vary between lenders. Most non-bank lenders look for consistent monthly revenue above a minimum threshold, assessed across your recent bank statements. We can assess your eligibility without a formal credit enquiry.

What is the maximum loan term for an unsecured business loan?

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Unsecured business loan terms typically range from 3 to 24 months. Some lenders offer longer terms for larger amounts or established businesses. Longer terms reduce repayments but increase the total interest paid.

Can I get an unsecured business loan if my business is seasonal?

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Potentially. Some lenders offer flexible repayment structures suited to seasonal businesses. Providing 12 months of bank statements helps demonstrate your actual annual income including seasonal fluctuations.

What is the fastest way to get an unsecured business loan approved?

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Having 3-6 months of business bank statements, ABN details and your driver licence ready to submit together allows for a faster assessment. Applying through a broker who matches your profile to the right lender can significantly speed up the process.

Our Service

Machinery Finance — Overdrive Commercial Funding

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Ready to Secure Your Finance?

Compare 80+ lenders for the lowest rate available in a single application and get a fast decision with no impact on your credit score.

  • Bank rates without the queue
  • One application, multiple options
  • Approved in 24–48 hours, valid for 90 days
  • $0 down, no additional security and no financial options
  • Loans for all credit profiles and ABN lengths
  • 100% free service — no hidden fees or costs, ever
Call Simon Now 0417 000 316

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Submitting this form does not lock you into finance or have any impact on your credit profile.

Simon Kendrick — Managing Director, Overdrive Commercial Funding

Simon Kendrick

Managing Director & Head Commercial Finance Broker | Overdrive Commercial Funding

Simon Kendrick is the Managing Director and Head Commercial Finance Broker at Overdrive Commercial Funding, an Australian family-owned commercial finance brokerage backed by over 30 years of industry experience.

Specialising in truck finance, vehicle finance, machinery and equipment finance, business loans and commercial lending, Simon helps Australian businesses secure competitive interest rates, flexible repayment terms and tailored funding solutions through a panel of 80+ banks and non-bank lenders.

Unlike traditional brokerages, Simon personally works with every client from initial consultation through to settlement and beyond. No call centres, no handovers and no constantly changing brokers. Clients deal directly with Simon, building a trusted, long-term relationship with the same finance broker for the next 5, 10 or more years.

Whether you're a sole trader, new ABN holder, growing business or established company, Simon provides consistent, personalised service and ongoing finance support as your business evolves.

FBAA MemberAccredited with Major Banks and 80+ Lenders30+ Years' Industry Experience5.0-Star Rated on Google

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