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Chattel Mortgage
Own the asset from day one while using it as loan security. Claim tax deductions on interest and depreciation. The most popular structure for GST-registered mining businesses.
Sector Finance · Broker
Mining Equipment Finance Mackay
Purpose-built finance for mining contractors, METS operators, and resource sector businesses across Mackay, the Bowen Basin, and all of Queensland.
About this finance
The resource sector demands equipment that works as hard as you do — and the right finance structure can be the difference between winning a contract and watching it go to a competitor. Loxent Finance specialises in mining equipment finance across Mackay, the Bowen Basin, and Queensland, with access to 40+ lenders who understand the resource sector. Whether you're financing a single haul truck or structuring a fleet acquisition for a METS contract, we find the right product at the right rate.
Finance products
The right structure for your situation.
We match you to the product that fits your tax position and cash flow — not the first lender that says yes.
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Hire Purchase
Fixed repayments with ownership transferring at the end of the term. Ideal for businesses that want predictable cash flow and full asset ownership without upfront capital outlay.
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Finance Lease
Keep capital free and treat repayments as operating expenses. Particularly suited to METS businesses where equipment is tied to project timelines rather than long-term ownership.
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Sale and Leaseback
Release equity locked in existing equipment without selling the asset. Reinvest that capital into new opportunities, working capital, or contract mobilisation costs.
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Operating Lease
Off-balance-sheet funding with the flexibility to upgrade or return equipment at end of term. Suited to businesses managing rapid technology change or variable project pipelines.
Why Loxent
What makes the difference.
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Resource Sector Expertise
We understand mine site compliance, METS contract structures, and the seasonal cash flow patterns of the Bowen Basin — and we find lenders who do too.
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40+ Specialist Lenders
Access to a panel of lenders with genuine appetite for heavy equipment and high-value mining assets — not just generic business loan providers.
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Fast Turnaround
Equipment availability windows are tight. Our streamlined application process means approvals in as little as 24–48 hours for standard applications.
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Locally Based, Australia-Wide
Headquartered in Mackay with 15+ years serving the resource sector. We understand your market, and we can finance assets anywhere in Australia.
Ready for a quote?
First call costs nothing. Tell us what you're financing and we'll come back with options.
Common questions
Questions we hear most.
Can I finance second-hand mining equipment in Queensland?
Yes. Many of our lenders will finance quality second-hand mining equipment including haul trucks, drill rigs, loaders, and support vehicles. Age, condition, and the specific lender's criteria will influence the rate and LVR. We assess each application on its merits and match it to the most appropriate lender.
How does METS equipment finance work for contract-based businesses?
METS (Mining Equipment, Technology and Services) businesses often have revenue tied to specific contracts, which can complicate standard lending assessments. We work with lenders who understand project-based income, can structure repayments around contract milestones, and are comfortable with the cyclical nature of resource sector work.
What is the difference between a chattel mortgage and a finance lease for mining equipment?
With a chattel mortgage, your business owns the equipment from settlement — you can claim depreciation and interest as tax deductions. With a finance lease, the lender retains ownership during the term and you make lease payments (which are typically fully deductible as an operating expense). The right choice depends on your tax position, GST status, and whether ownership at the end of the term matters to your business.
How quickly can I get mining equipment finance approved in Mackay?
For standard applications with clean financials, we typically achieve conditional approval within 24–48 hours. More complex structures — such as high-value assets, sale-and-leaseback arrangements, or non-standard income documentation — may take 3–5 business days. We always communicate realistic timelines upfront.
Do I need a deposit for mining equipment finance?
Most lenders prefer 10–20% equity in the deal, which can come from a cash deposit or trade-in allowance. However, some lenders will consider 100% finance for strong applications with established trading history and good asset quality. We'll let you know exactly what's achievable for your situation before you apply.