EOFY speed guide: getting funded fast around 30 June

The end of the financial year is one of the busiest times in Australian business. Owners buy equipment, prepay expenses, finalise tax planning and settle bills before 30 June. Accountants are flat out, dealers are juggling deliveries, and lenders see a spike in enquiries. If you need funding around EOFY, timing and preparation matter more than ever.

Why June gets congested

• Equipment purchases surge ahead of 30 June.
• Tax planning decisions are made at the last minute.
• Accountants are preparing for year end and may be slow to respond.
• Dealers and suppliers have delivery backlogs.
• Lenders see more applications in a short window.

Tax timing: talk to your accountant

For many depreciation rules, including the small business instant asset write-off, what matters is when an asset is first used or installed ready for use, and thresholds can change from year to year. Buying in June but taking delivery in July can mean the deduction falls in the next year. Check the current ATO guidance and talk to your accountant before relying on any deduction. And remember: a deduction reduces tax; it does not make a purchase free. Only buy what the business genuinely needs.

The quickest route to a real answer is a real enquiry. Start it now and we will take it from there.

Hour by hour, roughly

Stage	Typical timing	What speeds it up
Enquiry	About 60 seconds	Accurate figures for amount and revenue
First call	Minutes, in business hours	Answering an unknown number
Approval	As fast as 15 minutes, commonly within the hour	Statements via a secure bank link
Signing	Same day	Directors and guarantors on standby
Funds	Within 24 hours possible	Payee details ready, including the ATO or supplier

A realistic EOFY timeline

When	What to do
Early May	Talk to your accountant about tax planning and purchases
Mid May	Get equipment quotes and confirm delivery times
Late May	Enquire for funding with quotes and statements ready
Early June	Approval, signing and payment to suppliers
Mid June	Delivery and installation
By 30 June	Equipment in use or installed ready for use

Leaving it to the last week of June risks missing delivery or installation cut-offs, regardless of how fast the funding is.

Making EOFY funding fast

• Get supplier quotes with full specifications and delivery dates.
• Have bank statements ready to share through a secure link.
• If financials are not finalised, ask your accountant for a short letter early in June.
• Brief directors and guarantors that signing links will arrive.

Not just equipment

EOFY also brings other cash needs: prepaying certain expenses, catching up on super before year end, paying bonuses and settling supplier accounts. Map them all, and arrange funding for the total rather than piecemeal.

A worked example (illustrative)

A machining business plans to buy a new lathe before 30 June. In early May, its accountant confirms the timing rules. The owner gets a quote with a mid-June delivery date, enquires in late May and is approved within the hour. The supplier is paid in early June, the lathe is installed on 18 June and the business enters the new year with the equipment working.

After 30 June

July brings its own pressures: BAS, tax returns, payroll reports and, for many, a slower month of trading. If you funded purchases in June, make sure repayments fit comfortably into July and August, not just June. A quick run of the repayment estimator with your July figures shows whether the weekly amount sits comfortably in a quieter month.

The cost of the June rush

Leaving purchases to the final fortnight often costs more than people expect: rushed freight, premium prices on the last units in stock and installation slots that are already booked. If the purchase makes sense for the business, making it in May is usually cheaper as well as calmer.

Your fast-funding checklist

The fastest approvals happen when this list is ready to send in one reply:

• Supplier quotes with delivery dates
• Your accountant’s advice on timing
• Bank statements ready to share
• Signatories briefed for June

What can slow it down

Avoid these and you avoid most of the waiting:

• Enquiring in the last week of June
• Equipment that cannot be delivered or installed in time
• Accountants unavailable
• Buying for the deduction rather than the business

More on this topic

• Fast equipment finance: Fast equipment finance for machinery, tools and vehicles. What lenders need, how quickly approval can come and how to stop paperwork holding up the purchase.
• How to speed up equipment finance: Practical steps to get equipment finance approved and settled fast: the right supplier invoice, equipment details, private sales, insurance and delivery timing.
• How an accountant’s letter can speed up a business loan: When an accountant’s letter can stand in for late financials, what it should say, how to ask for one quickly and when lenders will still want full statements.
• How weekends and public holidays affect business funding speed: Why a Friday afternoon or a long weekend can push business funding out, which steps still happen and how to plan around state public holidays.
• Fast-funding document checklist: A tailored list of documents by loan type and business structure.

Terms used in this guide

• Guarantor: a person who agrees to repay the loan if the borrower cannot.
• BAS: Business Activity Statement, lodged with the ATO to report GST, PAYG withholding and other amounts.

Questions worth asking before you sign

• Exactly what do you need from me to release funds today?
• Who needs to sign, and how will documents arrive?
• What is the total cost over the full term?
• Can the payment go directly to the creditor I need to pay?
• What happens if my repayment source arrives late?

A note on the enquiry form

We ask a short list of questions because each one changes which option fits and how fast it can move. Please answer them as they really are, not as you hope they will be next quarter. If you have a default, an ATO debt or a new ABN, say so up front. It will not stop us looking, and it means there are no surprises halfway through that slow everything down.

Quick recap

• EOFY is busy for accountants and lenders
• Start funding conversations in May or early June
• Check tax timing with your accountant
• Equipment must meet timing rules to count this year

What happens after you enquire

Most lending is slow because steps happen one after another, with days of waiting in between. We run them side by side. While your statements are being read, the documents are being drafted. While you are signing, any security is being prepared. No valuation is needed on property-secured loans, which removes the biggest delay in property lending. The result is that approval within the hour is common, 15-minute approvals happen for clean profiles, and funding within 24 hours is genuinely possible when signatures come back quickly.

See if you qualify today

The enquiry takes about 60 seconds and there is no credit check when you first enquire. Your details stay with one team rather than being sprayed out to a dozen lenders, and a real person works out what fits. Please answer the form accurately, especially the amount, revenue and whether you own property, because that is what lets us match you properly the first time. Start your enquiry here.