Businesses investing in new assets at record pace: CBA

By Niko Iliakis · · 2 min read
Fact Checked
Advertiser disclosure
Electrical engineer.

Though the current lockdowns pose a fresh batch of challenges for Australian businesses, investment in new assets has skyrocketed, with CBA data revealing that asset finance lending was up 20 per cent in FY21.

New lending volumes were also the highest recorded by CBA – 20 per cent higher than the median volumes recorded over the past ten financial years – with plenty of pent up demand likely to carry over into 2022.

“Pleasingly, despite the current lockdown restrictions in many of the states, we’re already seeing strong demand for asset finance in FY22,” said CBA group executive business banking, Mike Vacy Lyle.

“In saying that, we know this isn’t the case for all businesses, and ongoing uncertainty surrounding COVID-19 and lockdown restrictions are having an impact on some of our customers.”

Currently, the transport, construction and agriculture sectors made up the bulk of new asset finance commitments.

Over the year, the asset classes which saw the highest growth were aircraft and shipping (+150 per cent), earthmoving equipment (+120 per cent), agriculture (+50 per cent), motor vehicles and light commercials (+40 per cent), and trucks and trailers (+35 per cent).

Vacy Lyle said many businesses were capitalising on increased customer demand to “restock and invest in equipment upgrades, expansion of fleets, new fit outs or take advantage of technological advancements.”

“Each business has its own unique demands and opportunities that asset financing can support – from sole traders looking to secure loans for a new vehicle, to listed entities looking to acquire a business via an asset backed structured facility.”

If you’re looking for financing to purchase new equipment, make sure to browse our business loans comparison hub, where you’ll be able to weigh up offers from bank and non-bank lenders.

 

Business loan comparisons on Mozo

Mozo may receive payment if you click products on our site. We don’t compare the entire market, but you can search our database of 81 products
Last updated 7 May 2025Important disclosures

Refine the list of business loans

Let’s help find you a great business loan...
  • About ScotPac
    Boost Business Loan

    Whether you’re looking for a quick cash boost for your business or are ready to invest in growth, ScotPac offers a range of unsecured and secured loans from $10,000 up to $500,000. For loan terms of 6 months to 3 years. No application or account keeping fees to pay. Funds available in 24 hours or less once approved. Repayment options available.

    Interest Rate
    Upfront Fee
    Funding speed
    On application
    Details on application
    From 24 hours
    Go to site
    Details
  • About Prospa
    Prospa Plus Business Loan

    Prospa uses risk-based pricing to determine your interest rate. They look at factors including your industry, years in business, cash flow, creditworthiness and the overall financial health of your business.

    Interest Rate
    Upfront Fee
    Funding speed
    Interest rates vary based on risk.
    3.5%
    from 24 hours
    Go to site
    Details
  • About Bizcap
    Unsecured Business Loan

    Business Loans from $5,000 to $5,000,000 with high approval rates. Access to funds on loans up to $500,000 in as little as 3 hours. Cash flow friendly repayments and open minded offers.

    Interest Rate
    Upfront Fee
    Funding speed
    On Application
    3%, starting at $399
    from 3 hours
    Go to site
    Details
  • About Regional Australia Bank
    Mortgage Secured Commercial Loan

    Use your property as collateral to meet your business needs. Offers repayment terms up to 30 years for residential security and 15 years for commercial/rural security. Provides interest rates that are tailored to your business needs. Choose from Principal & Interest, Interest Only, or Interest in Advance repayment options.

    Interest Rate
    Upfront Fee
    Funding speed
    On application
    On application
    Varies
    Go to site
    Details
  • About Regional Australia Bank
    Self Managed Super Fund Loan

    A loan to help your fund grow. Borrow for up to 25 years for residential properties or 15 years for commercial or rural properties. No monthly service fees, so you can save more for your retirement. Approval fee applies.

    Interest Rate
    Upfront Fee
    Funding speed
    On application
    $1,500
    Varies
    Go to site
    Details

Mozo provides general product information. We don't consider your personal objectives, financial situation or needs and we aren't recommending any specific product to you. You should make your own decision after reading the PDS or offer documentation, or seeking independent advice.

While we pride ourselves on covering a wide range of products, we don't cover every product in the market. If you decide to apply for a product through our website, you will be dealing directly with the provider of that product and not with Mozo.