If your credit history is less than perfect, don’t assume that equipment finance is out of reach.
Many Australian business owners have had financial hiccups — whether due to the pandemic, supply chain disruptions, or personal circumstances. At PMG Finance, we believe those moments shouldn’t stop you from getting the tools you need to keep your business running.
🤔 What is considered ‘Bad credit’?
Lenders may flag your application if:
- You have defaults, court judgements, or late payments on your credit file
- You’ve applied for multiple loans in a short time
- You’ve recently been declined finance elsewhere
But don’t panic — some lenders do provide funding to clients who fit the “non-conforming” or “credit-impaired” categories in certain circumstances. As brokers, we know who they are and how to present your application for the best chance of approval.
What can still be financed despite bad credit?
We regularly help clients finance:
- Excavators and earthmoving gear
- Utes and light commercial vehicles
- Trailers and tipper trucks
- Farm machinery
- Workshop or fabrication equipment
Often, the key is to show stable income, a clear business purpose, and a realistic repayment plan.
✅ How to boost your approval chances
- Be honest – Tell us upfront about past credit issues so we can guide you properly
- Provide current bank statements showing cash flow and operating activity
- Offer a deposit – Even a small one can improve your chances
- Consider used equipment – Lower-cost items may be more easily financed
🔹Don’t let a rough patch derail your future.
Talk to our friendly team about your equipment finance options — even if your credit isn’t perfect.
📌Looking for expert financial guidance? Contact us today!
Need guidance? We’re here to help!
If you have any concerns or want to discuss your situation, contact us today on 07 4639 1011 . Taking action now could save you from bigger challenges in the future!
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DISCLAIMER: The above content is to provide general information and does not constitute financial, legal or other advice. This means that duties and requirements imposed on people who give financial advice do not apply to this content. For advice contact your accountant or legal advisor.