HOW DO I - PLEASE HELP

I will assume that the money you borrowed has been put into your bank account?
If so, first record the receipt of the loan money. I would do a journal entry. Debit the Bank account and credit the Loan account with the toal amount borrowed. You will probably have to set up the loan account as a long term liability.
Now have you paid the supplier out with one payment? If so, first record the purchase of the machinery by recording a bill owing to that supplier for the machinery. That should bring the total amount owing to the supplier to the amount you need to pay. So then you can record a "Pay Bills" to that supplier using the money in the bank. 
Let me know if you do not understand this or if any of my assumptions are incorrect, for example if you did not put the money through your own bank account.

Yes loans are usually paid that way but not always and if it turns out that the amount of the loan is not exactly the amount owed then that method takes care of things. Anyway you could use the same method as I have described but use a clearing account instead of the bank account. I often use a special bank account that I have set up which I call a Transfer account. It is a clearing bank account.  I was loathe to mention using a clearing account as some accountants do not like to tell their clients about using them because the client ends up putting anything they are unsure of into the clearing account and so clearing accounts end up having more entries than any other account and being a real  mess. (Hee hee) If you know that they should always end up with a nil balance then you are fine to use them. I have been an accountant for over 50 years so I remember the days of the old hand written books when we never had to use such things. Nowadays it is only the restrictions placed on us by people who write the computer programs that mean we need to use them. I wont go into that and there are other ways you could do this but the one I have described is probably the simplest. As long as it shows the steps and you put a little note in the memo, then you do not even need to tell your accountant what happened as the entries explain it all quite clearly.  Good luck with this.

Yes that is the idea. The entries in the clearing account are the link to the other transactions showing what happened. You might need to have a clearing account that was created as a bank account in order to pay bills from it though. If the amount borrowed is exactly the same as the amount paid out then you could use an actual bank account because the entries would cancel each other out. When you are reconciling you just tick them off against each other. 

Ah yes that is one of the things we would have done with a journal entry in the days of old fashioned general journals. You're welcome. Glad to be of assistance.

That is how we would have done it in the past. However, Quickbooks does not allow you to do a journal entry with more than one supplier in it.  (Or more than one account receivable either)  Will it allow you to do an entry to an account payable and a long term liability in it?  If so then I agree this is a good way to do it.

How to enter loan from bank in reckon

Hi Rishab

Set up a loan liab. account & identify what it is for, if short term loan, 'other current' if longer like a mortgage then it is 'long term'.  When the deposit hits your bank put it to the liability acct.  When you make payments off the loan make the principal to the liab. acct and interest to a 'loan interest acct'.

If it was an asset purchase and monies went to the supplier, then set up the asset acct for the asset you bought and the loan acct and do a jnl entry between the both.

If other type of loan like overdraft or line of credit etc. let me know