The Sustainable Finance for Energy Solutions scheme assists Victorian businesses take up equipment loan finance to buy renewable or energy-efficient equipment.
The financier takes out a ‘mortgage’ on the equipment which forms which part of the collateral should the business fail to pay off the loan. An equipment loan is also known as chattel mortgage.
Always seek advice from your accountant and legal representative when entering into financial agreements.
- reduce energy use and energy bills
- reduce greenhouse gas emissions
- no upfront capital or security is possible
Equipment loan finance is most suitable for businesses that want to invest in high-value equipment which has a medium or long lifespan, that isn’t going to become outdated quickly.
Other conditions may apply.
Check your eligibility:
Victorian Government website
Find a service provider.