Is there a finance broker near me?

Yes. Overdrive Funding works with businesses Australia-wide — Sydney, Melbourne, Brisbane, Perth, Adelaide, Gold Coast, Canberra, Darwin, Tasmania and all regional areas. Asset finance runs by phone and email, so you are not limited to a broker in your own suburb and you deal directly with our Director Simon Kendrick.

Why use a broker instead of my own bank?

Your bank offers one credit policy and one price. If your profile does not fit it, you are declined or you pay more — and you will not know whether another lender would have said yes at a sharper rate. A broker compares the market, knows which lenders currently have appetite for your industry and asset, and places your application where it will actually be approved.

How much does a finance broker cost?

Overdrive Funding's service is completely free to you. Our service is completely free. We're paid by the lender only after a deal settles, so there's no cost to you even if you choose not to proceed. Not all brokers work this way — some charge a fee or load brokerage into the rate, so it is fair to ask any broker directly how they are paid.

Will a broker get me a better rate than going direct?

Often, though not always — and any broker guaranteeing it is overselling. The advantage is comparison and placement: knowing which of 80+ lenders is competitive for your specific profile this month, and structuring the application so it presents well. That routinely beats accepting one bank's or one dealer's single offer.

Does using a broker affect my credit file?

It helps protect it. Every application you make records a credit enquiry, and a cluster of enquiries from shopping your file around makes you look worse to each subsequent lender. A broker assesses your file once and places it with the lender most likely to approve it, rather than scattering applications.

Finance Broker vs Bank: Why Brokers Win

Name: Overdrive Funding
Address: 54 Miller St, North Sydney, NSW, 2060, AU
Telephone: +61417000316
Price range: Free
Rating: 5

When you need finance for a truck, machine or business asset, the instinct for many owners is to call their bank. It feels familiar. But the vast majority of Australian businesses that go directly to their bank pay more — sometimes significantly more — than those who use a specialist broker. Here's why.

Your Bank Has One Rate. A Broker Has 80+.

When you apply to your bank, you see one interest rate — the one that bank is willing to offer you. A finance broker like Overdrive Funding submits your application across 80+ banks, non-bank lenders and specialist financiers simultaneously. We then present you with the most competitive option for your specific profile.

The difference between a competitive rate and a mediocre one on a $300,000 truck over 5 years can easily be $15,000–$30,000 in extra interest. That's real money going to your bank instead of your business.

Banks Assess You Against Their Lending Criteria — Not Yours

Banks have rigid credit policies. If your trading history, business structure or credit profile doesn't fit their box, you'll be declined — even if you're a strong operator with consistent cash flow. Specialist lenders assess applications differently: they look at the whole picture, not just the scorecard.

This is especially important for low doc applicants, new ABN holders, businesses with adverse credit, or operators purchasing older or specialist assets. These applicants are often declined by banks but approved readily by the right specialist lender.

Brokers Know Which Lender to Use for Your Situation

Not all lenders are equal — and different lenders are best suited to different profiles. Some lenders specialise in transport and trucking. Others are best for construction and earthmoving. Some have the most competitive rates for well-established ABN holders; others are more flexible for newer businesses. A broker navigates this complexity on your behalf.

New ABN or start-up: we know which lenders accept 1-day ABN or 6-month trading history
Adverse credit: we know which specialists look beyond the credit score
Older assets: we know which lenders finance plant over 15 years old without a deposit
Low doc: we know which lenders offer the highest thresholds without financials
Private sales: we know which lenders fund private and auction purchases

Our Service Is Free — The Lender Pays Us

Working with a broker doesn't cost you anything. Overdrive Funding is paid a commission by the lender on settlement — not by you. There are no upfront fees, no application charges and no hidden costs. You get the benefit of our expertise, our lender relationships and our negotiating power at zero cost.

We're Faster

Banks can take weeks to assess and approve a commercial finance application. A broker who knows the lenders and their requirements can turn around an approval in 4–48 hours for straightforward applications. When you need to move quickly on a machine, a truck or an opportunity, speed matters.

At Overdrive Funding, we're a family-owned and operated team. You deal directly with Simon, our Director — not a call centre. We compare 80+ lenders with one application and find the best deal for your business.