--- title: Tips for seeking plant and equipment finance description: JPAbusiness managing director James Price offers advice on communicating with your bank when seeking P&E finance. image: https://blog.jpabusiness.com.au/hubfs/1.%20Images/1.%20Stock%20Images/aerial-air-aircraft-539124.jpg --- 18 September 2018 # Tips for seeking plant and equipment finance WRITTEN BYJames Price | JPAbusiness ![aerial-air-aircraft-539124](https://blog.jpabusiness.com.au/hs-fs/hubfs/1.%20Images/1.%20Stock%20Images/aerial-air-aircraft-539124.jpg?width=700&name=aerial-air-aircraft-539124.jpg) More than **a third of respondents** to our recent survey indicated they **plan to invest in new plant and equipment in 2018–19**, with most of these investments driven by the need to adapt to new technology (61%) and meet replacement schedules (45%). Just over 16% indicated the planned investment was due to new contracts. If you’re in this situation, you may need to seek finance from a bank or other lending institution.  As highlighted in our eBook, [Managing your banking relationship](https://landing.jpabusiness.com.au/managing-your-banking-relationship), there are many things you can do to influence your bank's 'appetite' for financing your business. This is primarily done by influencing the 3 S's – **Servicing, Security and Surety** – but another critical element is **'Communication'**. It’s important that you communicate clearly and regularly with your financier, so they understand the **‘investment story and rationale’** behind your financing request. This foreknowledge and understanding on the part of your financier should help** smooth the path to getting the new plant and technology in your business in a timely manner** and seeing the benefits flow. Take a look at our [free resources](https://landing.jpabusiness.com.au/ebook-library-operators) to help you take control of your banking relationship and remove some of the common challenges of seeking finance: - [Managing your banking relationship **eBook**](https://landing.jpabusiness.com.au/managing-your-banking-relationship) - [5 tips for partnering with your banker **infographic**](https://blog.jpabusiness.com.au/blog/5-tips-for-partnering-with-your-banker-infographic) - [5 tips for building a strong banking relationship **cheat sheet**](https://blog.jpabusiness.com.au/blog/5-tips-for-building-a-strong-banking-relationship-cheat-sheet) For advice about seeking finance, or any other aspect of managing your banking relationship, [contact ](https://landing.jpabusiness.com.au/contactus)the team at JPAbusiness on **02 6360 0360** for a confidential discussion.   [![New Call-to-action](https://hubspot-no-cache-ap1-prod.s3.amazonaws.com/cta/default/2108706/ddc9b7d0-519e-445d-a8b2-2939d06a8d70.png)](https://hubspot-cta-redirect-ap1-prod.s3.amazonaws.com/cta/redirect/2108706/ddc9b7d0-519e-445d-a8b2-2939d06a8d70)   ![JAMES PRICE | JPAbusiness](https://blog.jpabusiness.com.au/hs-fs/hubfs/JPAbusiness_Files/james_in_a_circle.png?width=90&name=james_in_a_circle.png "JAMES PRICE | JPAbusiness")James Price has over 30 years' experience in providing strategic, commercial and financial advice to Australian and international business clients. James' blogs provide business advice for aspiring and current small to mid-sized business owners, operators and managers.     Share this Article Share this blog post on Twitter [mailto:?subject=Share%20this%20blog%20post&body=https://blog.jpabusiness.com.au/blog/tips-for-seeking-plant-and-equipment-finance](mailto:?subject=Share%20this%20blog%20post&body=https://blog.jpabusiness.com.au/blog/tips-for-seeking-plant-and-equipment-finance) Copied to clipboard Topics - [banking ](https://blog.jpabusiness.com.au/blog/topic/banking) - [growth strategies ](https://blog.jpabusiness.com.au/blog/topic/growth-strategies) - [finance ](https://blog.jpabusiness.com.au/blog/topic/finance) - [seeking finance ](https://blog.jpabusiness.com.au/blog/topic/seeking-finance) #### Related Blog Posts ### [Free business consultation for survey participants](https://blog.jpabusiness.com.au/blog/free-business-consultation-for-survey-participants) This month we're sharing our second [Read more ](https://blog.jpabusiness.com.au/blog/free-business-consultation-for-survey-participants) ### [Video: Tips for seeking finance](https://blog.jpabusiness.com.au/blog/video-tips-for-talking-to-your-financier-during-the-covid-19-crisis) This week we’ve created a two-part video series offering ... [Read more ](https://blog.jpabusiness.com.au/blog/video-tips-for-talking-to-your-financier-during-the-covid-19-crisis) ```json { "@context" : "https://schema.org", "@type" : "BlogPosting", "author" : { "@type" : "Person", "name" : "James Price | JPAbusiness", "url" : "https://blog.jpabusiness.com.au/blog/author/james-price-jpabusiness" }, "dateModified" : "2022-01-03T07:58:49.512Z", "datePublished" : "2018-09-18T16:00:00.000Z", "headline" : "Tips for seeking plant and equipment finance", "image" : [ "https://blog.jpabusiness.com.au/hubfs/1.%20Images/1.%20Stock%20Images/aerial-air-aircraft-539124.jpg" ], "mainEntityOfPage" : { "@id" : "https://blog.jpabusiness.com.au/blog/tips-for-seeking-plant-and-equipment-finance", "@type" : "WebPage" }, "publisher" : { "@type" : "Organization", "logo" : { "@type" : "ImageObject", "url" : "https://blog.jpabusiness.com.au/hubfs/JPAbusiness-logo.svg" }, "name" : "JPAbusiness Pty Ltd" } } ```