Equipment loan · Cleaning businesses
Equipment loan for cleaning businesses
Cleaning business finance is working-capital-led lending for commercial and specialist cleaning contractors, funding the wage bill that runs weekly against contracts paid monthly in arrears, plus vehicles and machinery.
How a equipment loan works for cleaning businesses
Ride-on and walk-behind scrubbers, sweepers, carpet extractors, pressure washers and floor polishers are financeable against the equipment over two to five years. Individually modest, they add up when mobilising a large site, and financing them keeps cash available for the wages that matter more. For specialist work — food processing, healthcare, high-rise — machines are often site-specific, so we set the term against the contract length rather than the machine’s theoretical life.
The cash-flow pattern we plan around
Weekly or fortnightly wages against contract invoices raised at month end and paid 30–45 days later, with each new contract widening the gap before it adds profit.
What cleaning businesses typically fund
- Wages while waiting on monthly contract payments
- Scrubbers, sweepers and carpet extractors
- Vans and utes for cleaning crews
- Mobilising staff and equipment for a new contract
- Insurance premiums and compliance costs
Equipment loan for cleaning businesses: the numbers
| Typical amounts | $5,000 – $5,000,000 |
|---|---|
| Term | 12–84 months |
| Indicative rates | 6.9% – 16% p.a. |
| Repayments | Monthly |
| Speed | Same day to 48 hours for low-doc |
| Documents cleaning businesses usually need | ABN and copies of key cleaning contracts · 6–12 months of bank statements and a debtor ledger · Equipment or vehicle quote where an asset is being funded |
Rates shown are indicative ranges observed across our lender panel for the period stated. They are not an offer or quote. Your rate depends on your business, the lender, the amount, the term and the security offered. The lender makes the final credit decision.
Key terms
Cleaning contract finance
Cleaning contract finance is working capital lent against the receivables and contracts of a commercial cleaning business, used to fund wages during the gap between paying staff and being paid by clients.
Payroll gap
The payroll gap is the period a labour-intensive business funds wages from its own resources before the invoices covering that labour are paid, typically four to eight weeks in commercial cleaning.
What is equipment finance?
Equipment finance is any loan or lease used to acquire business equipment, with the equipment typically serving as security. The main structures in Australia are chattel mortgages, finance leases and rentals.
Low-doc equipment finance
Low-doc equipment finance approves smaller amounts (often up to $150,000–$250,000) without full financials, relying on ABN age, GST registration, credit history and sometimes a property-owner declaration.