Business Equipment Finance Loan Gympie

Brokering an Equipment Finance Loan

Case Study: Mortar Finance Brokers $150,000 Business Loan for CNC Machine Purchase in Gympie

When a small manufacturing business in Gympie, Queensland, needed funding to purchase a high-value piece of machinery, they turned to Mortar Finance for expert guidance. The client was looking to buy a used 2008 CNC machine valued at approximately $150,000 + GST to expand their production capacity and take on new commercial contracts.

However, the business had only been operating for 12 months, which made securing finance through traditional channels more challenging. Additionally, the client wanted a longer loan term to keep monthly repayments manageable while maintaining strong cash flow for everyday operations.

Despite these challenges, Mortar Finance was able to secure a tailored business loan through ANZ, achieving a fast approval and favourable terms that perfectly aligned with the client’s needs.

Client Requirements

The business had recently begun manufacturing specialised components for the construction and agricultural sectors. Demand for its products was rising, but the existing equipment could not keep up with the increased workload. Investing in a CNC machine would allow the business to automate several production processes, improve accuracy, and expand its output capacity.

The client required approximately $150,000 + GST to purchase the used 2008 CNC machine from a trusted supplier. However, two key factors made the financing task more complex:

1. Business Tenure – With only 12 months of trading history, the business had limited financial performance data to present to lenders.
   
2. Asset Age – The machine, being a 2008 model, was considered too old to be financed under standard equipment finance arrangements, where newer assets are typically preferred for security reasons.
   

In addition, the business owner specifically requested a longer loan term to reduce the size of monthly repayments. They wanted to maintain strong cash flow to reinvest in materials, staff training, and business development.

The overall goal was to secure affordable funding that supported growth without putting pressure on working capital.

The Equipment Finance Solution

After assessing the client’s financial situation and reviewing the available options, Mortar Finance determined that traditional equipment finance was not the most suitable structure due to the asset’s age and the short business history.

Instead, Mortar Finance recommended pursuing a business loan with ANZ, which would allow greater flexibility in loan purpose and asset age while still offering a competitive interest rate.

Key features of the approved loan included:

• Loan Type: Business loan (unsecured by the asset)
  
• Loan Amount: $150,000 + GST
  
• Loan Term: 7 years
  
• Interest Rate: Lower than typical equipment finance alternatives
  
• Establishment Fees: Waived entirely
  

By structuring the loan over a 7-year term, Mortar Finance was able to reduce the client’s monthly commitment, providing the breathing room needed for smooth cashflow management. The longer term ensured that the business could invest confidently in its expansion plans without compromising liquidity or day-to-day operations.

The solution provided not only access to essential funding but also long-term sustainability and confidence for a young, growing business.

Equipment Finance Loan Approval Process

One of the most notable aspects of this deal was the speed and simplicity of the approval process.

Mortar Finance guided the client through ANZ’s GoBiz platform, a digital lending solution designed for small businesses. This platform integrates directly with accounting software such as Xero, allowing lenders to securely access live financial data to assess loan eligibility.

The process was straightforward and efficient:

1. The client connected their Xero account to the ANZ GoBiz platform.
   
2. Mortar Finance uploaded minimal supporting documentation, including identification and confirmation of business details.
   
3. ANZ conducted an automated financial assessment using the client’s Xero data.
   
4. Loan approval was obtained within just 3 business days, with minimal lender conditions attached.
   

This quick turnaround allowed the client to finalise the purchase and arrange delivery of the CNC machine almost immediately. The seamless digital process reduced administrative delays and gave the business the ability to move forward with confidence.

Outcome

The funding enabled the Gympie-based business to purchase and install the 2008 CNC machine, significantly improving production capacity and efficiency. The new equipment has already allowed the business to expand its service offerings and take on new clients.

With a manageable repayment structure, no upfront establishment fees, and a low interest rate, the business can focus on growth rather than cash flow strain.

For Mortar Finance, this case highlights the importance of understanding each client’s individual circumstances and matching them with the right loan structure, not just the obvious one. By thinking strategically and leveraging digital lending platforms like ANZ GoBiz, Mortar Finance continues to help Australian small businesses secure smart funding solutions that drive long-term success.