Startup Equipment Budget 2026 - First Purchase Guide

2026 Startup Equipment Budget

Starting a business requires equipment. Construction, transport, manufacturing. First equipment purchase is critical. Cash is tight. Banks are conservative.

This guide helps startups budget first equipment purchase. Real numbers. Alternative financing options.

First Equipment Options

Construction Startup

• Used excavator (8 years): RM120,000 - RM150,000
• New mini excavator: RM180,000 - RM220,000
• Used lorry (5 years): RM60,000 - RM80,000

Transport Startup

• 1 × 5-ton lorry (new): RM135,000
• 2 × 3-ton lorries (used): RM100,000 - RM130,000
• 1 × Prime mover (used): RM150,000 - RM180,000

Warehouse Startup

• 1 × 3-ton forklift: RM55,000 - RM75,000
• 2 × 2.5-ton forklifts (used): RM50,000 - RM70,000
• 1 × 100 kVA generator: RM50,000 - RM65,000

Bank Financing for Startups

Why Banks Reject Startups

• No business track record
• Limited operating history
• Higher perceived risk
• Require 20% - 30% down payment
• Strict collateral requirements

Real Example: Startup First Purchase

Equipment: Used excavator (RM130,000)

Bank Response:
• Business too new: Rejected
• No 3-year track record: Rejected
• If approved: RM26,000 - RM39,000 down payment
• Processing: 4 - 6 weeks

Problem: Startup needs equipment now. Can't wait months. Can't afford large down payment.

Ing Heng Credit for Startups

Our Startup Equipment Terms

• Interest rate: Competitive rates
• Maximum loan: 100%
• Down payment: 0%
• Equipment age: No limit
• Processing: 24 - 48 hours

Same Startup Purchase with Us

Equipment: Used excavator (RM130,000)

Ing Heng Offer:
• Business status: OK (we evaluate differently)
• Down payment: RM0 (0%)
• Loan amount: RM130,000
• Monthly payment: RM2,100
• Cash preserved: RM26,000 for operations

Startup Budget Examples

Construction Startup - RM150,000 Budget

Equipment: Used excavator + used lorry

• Used excavator (8 years): RM130,000
• Used lorry (7 years): RM60,000
• Total: RM190,000

Bank: Rejected both (age + new business)
Ing Heng: Approved 100% financing, 0% down

Transport Startup - RM100,000 Budget

Equipment: 2 used lorries

• 2 × 5-ton lorries (6 years): RM120,000

Bank: Rejected (used equipment + startup)
Ing Heng: Approved 100% financing, 0% down

Warehouse Startup - RM80,000 Budget

Equipment: 2 used forklifts

• 2 × 3-ton forklifts (5 years): RM60,000

Bank: RM12,000 down payment required
Ing Heng: 0% down, preserve RM12,000 for inventory

Why 0% Down for Startups

Startups need every RM. Marketing, inventory, licenses, deposits, first month rent. No cash to spare.

RM20,000 down payment = 4 months marketing budget. Or 2 months rent. Or startup inventory.

0% down = Equipment deployed. Cash preserved for startup operations. Business starts properly equipped.

Used Equipment for Startups

Startups benefit from used equipment. 40-60% cheaper. Same functionality. Faster payback. Lower risk.

Banks reject used over 5 years. We finance any age based on condition. Startup budgets stretch further.

Fast Startup Approval

Startup can't wait. Client won't wait. Opportunity passes. Bank takes 4-6 weeks.

We approve in 24-48 hours. Equipment deployed. Startup operates. Revenue starts.

2026 Startup Equipment Tips

• Start with used equipment
• Finance for 5-7 years
• 0% down payment preserves cash
• Choose versatile equipment
• Upgrade to new as business grows