Construction and progress draws
Construction loans release funds in stages as work is certified. Lenders require plans, contracts, insurance, and valuer sign-off at each milestone.
Cost overruns need extra equity or approved variations. Keep contingency in your budget and timeline.
Equipment and asset finance
Equipment loans and leases spread the cost of vehicles, plant, and tools. Balloon payments and residual values affect total cost.
Compare effective APR, maintenance obligations, and who owns the asset at end of term.
Insurance and cash flow
Lenders expect builders risk, public liability, and contract works cover where applicable. Match repayments to how you invoice customers.
LoanReady calculators help with payment estimates. Product fit and security structure need a licensed broker or lender assessment.
FAQs
Is equipment lease the same as a loan?
Leases may include maintenance and upgrade paths. Loans give ownership after payoff. Tax treatment differs; ask your accountant.
Can Lisa approve my build loan?
No. Lisa shares general information. Approval requires lender underwriting and valuer reports.
What vertical should I pick when booking?
Choose Construction and Equipment on the book form so brokers see your project type early.
General information only. Not financial, tax, insurance or credit advice.