What is the Shift Equipment Line?

The Shift Equipment Line is a pre-approved facility that allows you to purchase business assets and equipment as you need them. Instead of applying for a new loan for every vehicle or machine, you have a set limit you can draw down on for asset purchases.

What types of equipment can I finance?

You can finance a wide range of business-critical assets including commercial vehicles (cars, vans, trucks), yellow goods (excavators, forklifts), manufacturing machinery, and IT hardware. Both new and used goods are often eligible.

Is the equipment used as security?

Not necessarily. The Shift Equipment Line is a revolving account you use to pay for equipment and fitout purchases, rather than a loan secured against a specific asset. Security requirements depend on your business and the size of your limit, so Shift will confirm them in your facility agreement. If you'd prefer finance secured against the asset itself, Shift also offers a separate Asset Finance product.

Does Shift pay the supplier directly?

Yes, in most cases, once you select the equipment and provide the invoice, Shift will pay the supplier or dealer directly. You then take possession of the goods and commence your repayment schedule.

What happens if I don't use the full limit?

The Equipment Line gives you a maximum ceiling, but you are not obligated to use the full amount. You generally only pay interest or repayments on the specific asset finance agreements you activate within that limit.