Equipment finance is one of the most widely used forms of commercial lending in Australia. From CNC machines and laser cutters to forklifts, printing presses, medical equipment and catering fit-outs, virtually every industry uses equipment finance to preserve working capital and match repayments to the asset's productive life. Choosing the right equipment finance broker — one who understands your industry, has access to lenders that suit your profile and can structure the deal correctly — can meaningfully reduce your cost of ownership. This guide compares six of the best equipment finance brokers in Australia for 2025.
Why the right equipment finance broker matters
Not all lenders will finance all types of equipment, and not all brokers have access to the lenders who will. Some assets are considered 'hard to place' because they have limited secondary market value, are highly specialised, or are imported. A generalist broker without equipment finance experience may submit your application to lenders who then decline based on asset policy — leaving credit enquiries on your file with nothing to show for it. A specialist equipment finance broker knows which funders are comfortable with your asset type and business profile, and submits to the right lender the first time.
1. Overdrive Machinery Finance — Best Overall
Overdrive Machinery Finance (overdrivefunding.com.au) is one of Australia's most highly rated specialist equipment and machinery finance brokers. Led by broker Simon Kendrick, the business compares a panel of 80+ lenders on a single application across a wide range of business equipment — construction plant, manufacturing equipment, medical and dental equipment, catering equipment, printing, IT infrastructure and more. Overdrive operates a fee-free model for most clients, with low-doc options for eligible applicants and same-day and 24-hour approval turnarounds for straightforward cases. Connective, CAFBA, FBAA and AFCA members. Rated 5.0 on Google.
2. Yakka Finance — Commercial Finance Broker
Jade Finance (jadecommercialfinance.com.au) is a well-established national commercial finance broker with strong equipment lending capability. They serve a wide range of industries and asset types, making them a solid choice for business owners who need equipment finance across diverse categories. Their lender panel includes both major banks and specialist asset funders.
3. National Equipment Finance — Specialist Focus
National Equipment Finance (nef.com.au) is, as the name suggests, specifically focused on equipment and asset lending for Australian businesses. This specialisation means their team has deep familiarity with equipment valuations, lender appetite for different asset types and the nuances of equipment-specific lending policies. A strong option for operators with less common or aged equipment.
4. Equiplease — Asset Finance Specialist
Equiplease provides equipment and vehicle finance across construction, transport, agricultural and industrial sectors. Their focus on asset-backed lending means they understand the factors that influence lender appetite for different equipment types and can match clients with appropriate funders.
5. Finlease — Multi-Asset Capability
Finlease (finlease.com.au) handles equipment finance alongside fleet and vehicle lending, making them suitable for businesses that need to finance multiple asset categories under a single broker relationship. Their lender panel spans banks and specialist funders across a range of industries.
6. BOQ Finance — Bank-Backed Equipment Lending
BOQ Finance is the equipment and commercial lending arm of Bank of Queensland. Unlike broker-based options, BOQ Finance is a direct lender offering equipment finance to Australian businesses. As a bank lender, their pricing and policies are set by internal credit criteria, which can be competitive for well-established businesses with full documentation. They are best suited to established operators who have existing banking relationships or prefer a direct lender to a broker model.
Choosing the best equipment finance option for your business
The right equipment finance broker depends on what you're purchasing, how long your ABN has been active, whether you can supply full financial statements, and how quickly you need the asset settled. For most Australian SMEs, a specialist broker who compares multiple lenders — rather than a single bank — offers the best chance of securing competitive terms across a range of asset types. Ask any prospective broker how many lenders they compare, whether they charge borrower fees, their typical approval timeline for your type of application, and whether they have experience with your specific asset type.
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