Finance question
Can I consolidate multiple equipment loans into one?
Often yes. Several equipment loans can usually be consolidated into a single facility with one repayment, one lender and one due date. It simplifies your cashflow and can lower the overall cost if the new rate beats the mix you are paying now.
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The short answer
One repayment instead of a handful
Businesses accumulate finance over time: a truck here, a machine there, each on its own loan, rate and payment date. Consolidation rolls those separate debts into one facility, so you manage a single repayment instead of juggling several and tracking who is owed what and when. The old loans stay in place until settlement, then the new facility clears them, so nothing falls through the cracks during the switch.
The saving comes from re-pricing the whole set. Some of those loans were likely taken at different times on different terms, and a few may be more expensive than today's market. Bringing them together lets a broker put the combined balance to the 40+ lenders and aim for a rate that beats the blended cost you are paying now. Even where the headline rate is similar, aligning the terms and cutting the admin can still leave you better off.
Simplicity has value on its own. One payment is easier to budget, easier to forecast and less likely to slip. We check the payout figures on each loan, compare a consolidated offer against keeping them separate, and only move if you come out ahead. Because there is no upfront fee for the review, the only cost of checking is the time it takes to send through your loan details.
Do you qualify?
What makes consolidation worthwhile.
Multiple loans
Two or more equipment facilities to combine.
Payout figures
The current balances to roll into one.
Room to improve
A blended rate that a single facility can beat.
An active ABN
Sole traders and companies both qualify.
Why one facility beats many
Simpler cashflow
One payment and one date instead of several to track.
Re-priced together
The combined balance is shopped for a better overall rate.
Fewer things to slip
A single repayment is easier to budget and less likely to be missed.
A real example
A landscaper carries three separate loans on a truck, a mini excavator and a mower, each with its own rate and date. The balances are consolidated into one facility with a single monthly repayment, cutting the admin and trimming the blended rate. Illustrative only.
Common questions
Frequently asked questions
Can loans on different assets be combined?
Yes, several equipment loans across different assets can usually be rolled into one facility.
Will consolidating save me money?
It can, if the new rate beats your blended cost. We check before recommending it.
Does it help to have one lender?
One lender means one relationship and one payment, which most operators find simpler to manage.
Is there an upfront fee?
No upfront fee to you. The lender pays the broker on settlement.