To work out what your repayments will be for any amount of period, please use our "What will my repayments be calculator".
Buying equipment or vehicles
Business is going well, and you’ve decided it’s time to expand your operations. You know you'll need some new equipment and an additional car as well.
There's some excellent information to help with financing your business at business.vic.gov.au/money-profit-and-accounting/raising-funds-for-your-business/sources-of-finance
Expanding your business can be very rewarding, but it requires a whole lot of planning to ensure you’re doing it in a way that doesn't put everything you've already achieved at risk. You’ll need:
- a revised business plan
- enough money to keep the business ticking over as you expand
- relevant permits and licences.
Here's some questions to consider:
- How much can I borrow?
- Will rates be fixed or variable?
- What will the loan period be?
- What fees and charges apply?
Interest rate from 6.69% p.a.