Borrow from $2K to $250K under Low Doc
$150K Pre-Approval for existing members
Full Doc option available up to $3M
Quick turnaround times
Get the essentials your business needs with flexible finance that fits your goals.
Vehicles, heavy-duty equipment and machinery.
Includes:
Assets up to 20 years old (at end of term)
Borrow $10,000 to $3M
Includes:
Assets up to 5 years old (at end of term)
Borrow $2,000 to $3M
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Maintain Cash Flow
Purchase essential equipment without large upfront costs
Flexible Options
For Low Doc or new/previous ABNs — business continuity and spouse-owned property accepted
Tailored Repayments
Choose monthly, weekly, or balloon repayments to suit your cash flow
Fixed Rates
Enjoy predictable repayment amounts with a fixed rate of interest over the loan term
To apply for Business Equipment Finance, you’ll need to be an eligible entity who holds an ABN and has been in business for a minimum 2 years. An eligible entity includes a:
Sole trader
Partnership
Company
Trust
We always take security over the asset being financed. A 20% deposit is required, but borrowers may be eligible for $0 deposit loans if they are owners of real property and have held their ABN for at least two years. More information on deposit requirements and eligibility criteria is available on request.
Are you an eligible entity?
Speak with IMB today to get personalised support with your equipment finance application.
Loans range from 12 to 84 month terms depending on your asset and business needs
Deal | Standard | Primary | Primary Motor Vehicles | Balloon |
|---|---|---|---|---|
Terms | 36-60 months | 36-72 months | 36-84 months | 12+ months |
A 'balloon payment option could allow you to keep your monthly repayments lower over the life of the loan, and finish with a larger final payment. If you opt for a balloon payment, you will need to make a large final repayment at the end of the term.
Deal | 36 months | 48 months | 60 months | 72-84 months |
|---|---|---|---|---|
Max. | 40% | 40% | 30% |
Applicant exposure | <100k | >100k-250k |
|---|---|---|
ABN | 2+ years | 2+ years |
GST registration | Not essential | 1+ years |
Credit score | 550+ Corporate & Individual | 550+ Corporate
|
Property status | Property backed
| Property backed |
Asset types
| Primary 100k,
| Primary 250k, |
Credit references | Not Essential | Asset Finance, Credit Reference or Mortgage Statements |
Applicants that don’t qualify for low doc can be assessed with 6 months of bank statements or financials.
Visit your local IMB Bank branch, call 133 462 or enquire online to get in touch with us.
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Get help and practical solutions from your dedicated Business Banking Manager, at every stage of your business.
Tailored solutions to fit your unique business requirements
Financial expertise from a knowledgeable professional
Round-the-clock support from the same trusted professional
Get started with a quote to calculate your repayments. Speak with IMB today to get personalised support with your equipment finance application.
Visit your local IMB Bank branch
Call 133 462
Information current as at date of appearance and subject to change. Lending criteria, terms and conditions, fees and charges apply and available upon request.
The information provided is factual only and is not intended to imply any recommendation or opinion by IMB about Angle Finance products. Equipment finance is provided by Angle Finance, a trading name of ACN 603 303 126 Pty Ltd, ABN 98 603 303 216. All applications are subject to Angle Finance lending criteria, terms and conditions, and must be for business purposes. IMB is not a Credit Representative for Angle Finance and is not able to give advice about Angle financial products. You should consider the relevant Angle Finance terms and conditions before deciding whether to acquire any products or services . IMB receives a commission from Angle Finance when an IMB customer purchases Angle Finance products. IMB Ltd trading as IMB Bank. ABN 92 087 651 974. AFSL/ Australian Credit Licence No 237 391.
The information presented about Angle Finance products is factual only and is not intended to imply any recommendation or opinion by IMB about Angle Finance products. Asset finance is provided by Angle Finance, a trading name of ACN 603 303 126 Pty Ltd, ABN 98 603 303 216. All applications are subject to Angle Finance lending criteria, terms and conditions, and must be for business purposes. IMB is not a Credit Representative for Angle Finance and is not able to give advice about Angle financial products. You should consider the relevant Angle Finance terms and conditions before deciding whether to acquire any products or services. IMB receives a commission from Angle Finance when an IMB customer purchases Angle Finance products.
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