The Ultimate Guide to Equipment Finance for Bricklayers

The Ultimate Guide to Equipment Finance for Bricklayers with Emu MoneyThe Ultimate Guide to Equipment Finance for Bricklayers with Emu Money

Bricklayers play a crucial role in the construction industry, providing the groundwork for buildings and structures across Australia. However, to effectively carry out their work, they often require specialised equipment and tools. This is where equipment finance comes into play, offering a solution for bricklayers to access the necessary equipment without a significant upfront cost. Equipment finance, in essence, is a financial service that allows bricklayers and other businesses to acquire equipment needed for their operations. Instead of having to purchase equipment outright, bricklayers can choose to lease or finance it, spreading the cost over time. This is especially beneficial for those who may not have the capital to invest in equipment or prefer not to tie up their funds in a depreciating asset. Now, you may be wondering why equipment finance is essential specifically for bricklayers in Australia. Well, the construction industry in Australia is thriving, with numerous projects and opportunities available. However, to take advantage of these opportunities, bricklayers need to have access to the latest equipment and technology. By utilising equipment finance, bricklayers can stay competitive and keep up with industry advancements without depleting their working capital. Whether it's investing in state-of-the-art bricklaying machines, scaffolding systems, or specialised tools, equipment finance provides the flexibility and affordability necessary to meet these evolving needs. In the following sections, we will delve deeper into the different aspects of equipment financing for bricklayers in Australia. We will explore the benefits, eligibility criteria, and the process involved in obtaining equipment finance. Additionally, we will discuss the importance of utilising an equipment finance calculator to determine the most suitable financing options for individual needs. So, let's explore how equipment finance can empower bricklayers and contribute to their success in the dynamic construction industry.

Ready to get started?

Compare over 40+ lenders with one application.

What is Equipment Finance?

Equipment finance is a financial solution that specifically caters to the needs of bricklayers in Australia. It is designed to help them acquire the necessary equipment and tools required for their work without the need for a large upfront investment. Equipment finance is typically offered by specialised lenders who understand the unique requirements of bricklayers. These lenders provide customised finance options tailored to the specific needs of the construction industry. The process of obtaining equipment finance begins by identifying the equipment required for bricklaying operations. This can range from hand tools such as trowels and levels to larger machinery like bricklaying machines and scaffolding systems. Once the equipment is identified, bricklayers can approach equipment finance providers to discuss their requirements. The equipment finance provider will assess the creditworthiness of the bricklayer, taking into account factors such as their financial historey and business stability. Based on the assessment, the lender will determine the terms and conditions of the finance agreement, including the duration of the finance agreement and the repayment structure. Once the terms are agreed upon, the bricklayer can acquire the necessary equipment and commence their work. Throughout the duration of the finance agreement, regular repayments are made to the lender, which typically include both the principal amount borrowed and the accrued interest. Overall, equipment finance offers bricklayers the flexibility and convenience they need to access the equipment required for their work. It allows them to conserve their working capital and allocate their funds towards other business expenses. By partnering with specialised equipment finance providers, bricklayers can benefit from tailored finance solutions that align with their unique requirements and help them thrive in the Australian construction industry.

Want to learn more?

Learn about eligibility and how to apply.

Top 10 Types of Equipment Bricklayers Can Purchase With Equipment Finance

Bricklayers can utilise equipment finance to acquire essential tools such as bricklaying machines, scaffolding systems, and trowels. These tools enhance productivity, ensure precision, and improve safety on construction sites. With equipment finance, bricklayers can access the equipment they need without a large upfront investment.

Here are some common types of equipment Bricklayers can purchase with equipment finance:

Bricklaying Machines

Bricklaying machines automate the process of laying bricks, increasing efficiency and reducing manual labour.

Scaffolding Systems

Scaffolding systems provide a safe and secure platform for bricklayers to work at heights, ensuring smooth operations and improved productivity.


Trowels are essential hand tools used for spreading and shaping mortar during bricklaying, enabling precise placement and efficient work.


Levels help bricklayers ensure that the rows of bricks are straight and level, contributing to the structural integrity and aaesthetic appeal of the construction.

Brick Saws

Brick saws are power tools used to accurately and efficiently cut bricks, enabling bricklayers to achieve precise cuts and custom shapes.

Mortar Mixers

Mortar mixers are used to mix large quantities of mortar, saving time and effort for bricklayers and ensuring consistent quality of the mortar.

Masonry Tools

Masonry tools, including chisels, jointers, and hammers, are indispensable for bricklayers to complete intricate tasks such as cutting, shaping, and finishing bricks.

Safety Equipment

Safety equipment such as hard hats, gloves, safety glasses, and protective clothing are crucial for bricklayers to ensure their well-being and compliance with workplace safety standards.

Brick Carriers

Brick carriers are specialised tools that help bricklayers transport multiple bricks at a time, minimising strain and increasing efficiency.

Laser Levels

Laser levels provide bricklayers with precise and accurate measurements, enabling them to align and position bricks with precision and ease.

Top 10 Ways Bricklayers Use Equipment Finance For Growth

Bricklayers can utilise equipment finance to drive growth in their business. By expanding their equipment inventory, upgrading technology, and accessing specialised equipment, they can improve productivity, enhance safety, and scale their operations. Equipment finance offers flexibility and enables bricklayers to stay competitive while managing their cash flow effectively.

Here are some common reasons Bricklayers use equipment finance for growth:

Expanding Equipment Inventory

Bricklayers can use equipment finance to add to their inventory of tools and machinery, enabling them to take on larger and more diverse projects.

Upgrading Technology

With equipment finance, bricklayers can invest in advanced technology, such as laser levels and bricklaying machines, to improve efficiency, accuracy, and overall job performance.

Accessing Specialised Equipment

Equipment finance allows bricklayers to acquire specialised equipment, such as scaffolding systems or brick-cutting saws, that are essential for specific projects or tasks.

Scaling Operations

Bricklayers can use equipment finance to increase their capacity by obtaining additional equipment, enabling them to take on more jobs and expand their client base.

Improving Safety

Equipment finance enables bricklayers to access safety equipment like hard hats, safety glasses, and protective clothing, ensuring a safer work environment for themselves and their employees.

Enhancing Productivity

Through equipment finance, bricklayers can invest in tools and machinery that streamline processes, reduce manual labour, and increase productivity on construction sites.

Competitive Advantage

Using equipment finance, bricklayers can stay ahead of competitors by acquiring the latest technology and equipment, positioning themselves as industry leaders.

Meeting Project Demands

Equipment finance allows bricklayers to easily obtain the necessary equipment to meet the unique demands of different projects, ensuring they have the resources required to deliver high-quality work.

Flexibility in Equipment Selection

Bricklayers can choose from a wide range of equipment options through equipment finance, allowing them to select the most suitable tools for their specific job requirements.

Cash Flow Management

Equipment finance helps bricklayers preserve their working capital by spreading the cost of equipment over time, allowing them to allocate funds to other areas of their business for sustained growth.

Ready to run the numbers?

Calculate your repayment estimates and more.

Advantages of Equipment Finance for Bricklayers

Equipment finance for Bricklayers in Australia brings several advantages, enabling them to secure the necessary equipment for their operations. Here are some of the advantages:

Financial Flexibility

By opting for equipment finance, Bricklayers in Australia can have the advantage of financial flexibility. This means they can acquire the necessary equipment without having to make a large upfront payment. Instead, they can spread the cost over time through regular instalments, allowing for better cash flow management in their business.

Access to the Latest Equipment

Equipment finance enables Bricklayers to access the latest and technologically advanced equipment, which is crucial in the construction industry. By leasing or financing the equipment, they can stay up-to-date with the latest tools, machinery, and technology without the burden of owning outdated or obsolete equipment. This helps them maintain a competitive edge and deliver high-quality work efficiently.

Tax Benefits

Another advantage of equipment finance for Bricklayers is the potential tax benefits. In Australia, certain types of equipment finance arrangements may offer tax deductions on lease repayments or depreciation benefits on owned equipment. These tax benefits can help reduce overall business expenses and improve the financial health of bricklaying businesses.

Preservation of Working Capital

Equipment finance allows Bricklayers to preserve their working capital. Instead of tying up a significant amount of money in purchasing equipment outright, they can invest their capital in other areas of their business, such as marketing, hiring skilled workers, or expanding their operations. This helps them maintain liquidity and seize new opportunities for growth and development.

Disadvantages of Equipment Finance for Bricklayers

When considering equipment finance for Bricklayers in Australia, it's important to be mindful of a few considerations. Here are a few potential disadvantages to think about:

Financing Costs

One consideration of equipment finance for Bricklayers is the additional financing costs associated with leasing or financing equipment. These costs can include interest rates, fees, and charges that may increase the overall expense of obtaining the equipment. It's important for Bricklayers to carefully evaluate the financing terms and compare different options to ensure they are getting the most cost-effective solution for their business.

Commitment and Obligations

Equipment finance involves entering into a contractual agreement, which means Bricklayers will have certain commitments and obligations to fulfil. This includes making regular repayments over a specified period of time. It is important for Bricklayers to assess their financial situation and ongoing business needs to ensure they can meet the obligations of the equipment finance agreement.

Limited Ownership Control

When opting for equipment finance, Bricklayers do not have full ownership control of the equipment until the finance agreement is fully paid off. This means they may have certain restrictions on modifying or transferring the equipment until the agreement is completed. Bricklayers should consider these limitations and ensure they align with their business requirements and future plans.

Potential Depreciation

Over time, certain types of equipment may depreciate in value due to wear and tear or advancements in technology. When leasing or financing equipment, Bricklayers need to consider the potential impact of depreciation on the value and functionality of the equipment. It is vital to choose equipment that is suitable for long-term use and durable enough to withstand the demands of bricklaying work.

Equipment Financing Alternatives for Bricklayers

Bricklayers have several alternatives to equipment finance, including equipment rental for short-term needs, equipment leasing for flexibility and upgrade options, equipment sharing for cost-effectiveness, and exploring government grants and funding programmes. These alternatives provide bricklayers with options to acquire the equipment they need without the long-term commitment or financial obligations of traditional financing.

Here are some common alternatives to equipment finance:

Equipment Rental

Bricklayers have the option to consider equipment rental as an alternative to equipment finance. Rental allows them to access the necessary equipment on a short-term basis without the long-term commitment or financial obligations. This can be beneficial for specific projects or when they require specialised equipment for a limited period of time.

Equipment Leasing

Leasing offers another alternative to equipment finance for Bricklayers. Through leasing, they can gain access to the equipment they need while paying regular lease payments. Leasing provides flexibility and allows for equipment upgrades or replacements at the end of the lease term. This can be advantageous when bricklayers prefer to avoid ownership responsibilities and want the ability to adapt to changing equipment needs.

Equipment Sharing

Bricklayers can explore equipment sharing or cooperative arrangements with other businesses or contractors in their industry. This allows them to pool resources and share the use of equipment, reducing individual costs and increasing efficiency. Equipment sharing can be a cost-effective alternative for bricklayers who require certain equipment but may not need full ownership or continuous access.

Government Grants and Funding Programs

Bricklayers can explore government grants and funding programmes available for equipment purchase or upgrade. Various government initiatives exist to support small businesses, including those in the construction industry, with financial assistance for equipment acquisition. These programmes can help reduce the financial burden of purchasing equipment and improve accessibility for bricklayers.

Equipment Finance Repayment Calculator

To estimate your monthly repayments and the total cost of the loan, input the loan amount, loan term and interest rate into the calculator below. This helps you plan your budget and choose the most suitable loan terms.

Loan Amount
Establishment Fee
Loan Term (Years)
Interest Rate
Total amount to repay
Your repayments

Balance over time

Frequently Asked Questions

Still have questions about equipment finance?

These helpful FAQs will help you find the answers you need. If you can't find what you're looking for, you can request a callback below.

What is the interest rate on equipment finance
Can I finance used equipment?
What is the typical term for equipment finance?
Do I need to provide a down payment?
Can I get equipment finance with bad credit?
Are there any tax benefits to equipment finance?
Can I pay off my equipment loan early?
Can I lease equipment instead of buying?
What is the difference between a lease and a loan?
What happens if the equipment breaks down?
Can I refinance equipment finance?
Is equipment insurance required?
Do I need a good business credit score for equipment financing?
Can I include installation, maintenance, and other costs in my loan?