Service · New or used · Plant and machinery
Machinery finance that pays for itself.
Funding for new or used plant, machinery and equipment, with the machine itself usually forming the main security, and any eligible subsidy planned in from the start.
What it covers
The common forms, and what each one is for.
NEW
New machinery
Purchase from manufacturers or dealers, funded against a quotation.
USED
Used machinery
Pre-owned equipment, usually with a valuation report.
EQP
Equipment and tools
Testing, handling and support equipment for the unit.
Who it suits
Is this the right facility for you?
- Manufacturers replacing or upgrading machines
- Units adding a machine to clear a production bottleneck
- Businesses moving from job work to in-house production
- Contractors and service firms needing heavy equipment
How lenders look at it
What a credit officer checks first.
01
The machine and supplier
Quotation, supplier standing, and for used machines an independent valuation.
02
Earning case
How the machine adds output or saves cost, and how that pays the instalments.
03
Promoter contribution
The share of the cost you bring in.
04
Track record
Existing business performance and banking.
05
Security
Hypothecation of the machine, plus any collateral the lender asks for.
06
Installation and use
Where it will be installed and when production starts.
How we help
From your numbers to a facility you can use.
1
Check the case
Whether the machine's earnings support the loan you have in mind.
2
Plan any subsidy
Eligibility for capital or interest subsidy checked before purchase.
3
Prepare the file
Quotations, projections and documents in the lender's format.
4
Coordinate payment
Disbursement to the supplier and follow-up to installation.
Mistakes we see often
- Paying the full advance to the supplier before the loan is sanctioned
- Buying used machinery without a valuation the lender will accept
- Missing a subsidy because the purchase was made before applying
Documents
What this file usually needs.
Lenders differ. We confirm the exact list for your case after the first call.
- Last 3 years' financial statements and ITRs
- Last 12 months' bank statements (all current accounts)
- GST returns for the last 12 months
- Quotation or proforma invoice for the machinery
- Valuation report (for used machinery)
- Sanction letters and repayment schedules of existing loans
- KYC of the business and promoters
Questions
Machinery & Equipment Finance, answered.
Can I finance used machinery?
Yes, many lenders fund used machinery, usually on the basis of an independent valuation and the machine's remaining life.
Is the machine enough security?
It is often the primary security. Some lenders ask for more; for eligible micro and small enterprises, CGTMSE cover can help.
When should I apply for a subsidy?
Check eligibility before buying. Some schemes have conditions tied to timing and documentation.
Who receives the loan money?
Usually the lender pays the supplier directly against the invoice.
Talk through your machinery & equipment finance need.
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