A joinery lives and dies by its workshop. The right machines turn out more cabinets with fewer hours, and the right board stock keeps production moving. But machinery is expensive, board prices keep climbing, and customers rarely pay enough deposit to cover everything you need to build their job.
Fast finance helps cabinet makers and joiners invest in the shop and keep jobs flowing.
Why cabinet makers and joiners need fast finance
The main cash flow pressures in joinery:
- Machinery costs. A CNC router, edgebander, panel saw, spray booth or dust extraction system is a major purchase, and older machines break down at the worst time.
- Board and hardware stock. Melamine, veneer and MDF board, plus drawer runners, hinges, handles and lighting, all need paying for before production starts.
- Deposits that don’t go far enough. A deposit might cover the board, but not the hardware, the 2 pac finishing or the stone you’re coordinating.
- Builder payment terms. Kitchens, vanities, laundries and robes for a builder’s townhouse project often get paid at install or handover, weeks after you’ve built them.
- Workshop overheads. Rent, power, extraction and a truck for deliveries.
What joiners use fast finance for
A CNC or edgebander
Upgrading to a CNC can transform a joinery’s output. A fast loan lets you buy it outright and start saving labour straight away. Read about equipment finance for tradies to see how it works.
Board stock and hardware
Buying board and hardware in bulk saves money and time. Building materials finance funds the order now and you repay as jobs are paid.
Carrying builder jobs
A run of six townhouse kitchens for a builder is great work, but the material bill is large and payment comes late. A cash flow loan for tradies keeps things moving.
Paying the ATO
Joineries with growing wage bills can fall behind on PAYG and BAS. A lump sum loan clears it without dragging out a payment plan.
Moving into a bigger factory
Outgrowing a single bay is a good problem, but a move means a new lease or purchase, three phase power, extraction ducting and downtime while machines are relocated. A fast loan covers the move so production doesn’t stop.
Secured or unsecured finance for joineries
Secured loans suit cabinet makers who own property: a home, investment property, factory unit or land. A fast second mortgage, fast first mortgage or bridging loan can fund in as little as 24 hours in some cases. No financials are needed, bad credit is considered, and terms typically run 1 to 12 months. In Victoria a caveat loan is also available.
Unsecured loans suit joineries with an ABN, six months or more of trading and recent business bank statements. The amount is sized to turnover, and some are approved and funded within hours.
Loans are for business purposes. Every one is priced on your circumstances, and we find the sharpest rate available for your situation.
Example: upgrading to a CNC
Example only. A two person joinery in Hobart is flat out with kitchens and wardrobes, but cutting everything on an old panel saw. A secondhand CNC router and a new edgebander would cost around $160,000 and let the business take on builder work it’s been turning down.
The owners have equity in their home. A fast second mortgage funds the machinery. With the extra capacity, they sign a builder contract for a run of townhouse kitchens, and the business refinances the loan into longer term finance once the new machines are earning.
How quickly can a cabinet maker get funded?
Our online form takes about 60 seconds. A lending specialist calls you back to talk through your options. Some unsecured loans are funded within hours. Secured loans can fund in as little as 24 hours in some cases, typically within a few days once valuation and documents are in. For more detail, see how it works.
What to have ready
- ABN and business details
- Recent business bank statements (unsecured)
- Property details and what’s owing (secured)
- Machinery quotes or supplier invoices
- Current jobs and builder contracts
Key facts
- Loan size: $20,000 to $5 million
- Security: property you or a guarantor own, or unsecured for established joineries
- Speed: as little as 24 hours for some secured loans; hours for some unsecured
- Term: secured loans typically 1 to 12 months
- Suits: cabinet makers, kitchen manufacturers and custom joiners
Build more, wait less
The right machine and the right stock keep your shop profitable. Check your options in about a minute and we’ll tell you quickly if we can help.
