Upgrade Fund
Flexible, smart funding solution for innovative
environmental upgrade projects
- Loan terms of up to 20 years to maximise cashflow
- No deposit or additional personal security required
- Low, fixed rate interest periods with predicable repayments
How It Works:
Upgrade Fund Finance
Our Upgrade Fund offers long loan tenors with competitive fixed rate interest periods for innovative environmental upgrade projects to existing non-residential buildings. With terms of up to 20 years available, your upgrade project will not only be viable, you could actually save your business money by having your savings exceed repayments.
Our expert team have extensive experience in working collaboratively with business owners, contractors and local government to get transformational environmental building upgrade projects off the ground.
A form of Environmental Upgrade Finance, our Upgrade Fund offers terms that other financiers simply can’t – including repayment terms of up to 20 years. The length of this term means you’ll be maximising the benefit and savings from your upgrade. Because our finance is secured by the land, not the owner, if the property is sold, the repayments can be taken on by the new owner.
Upgrade Fund is perfect for businesses looking at projects such as:
+ HVAC systems
+ Lighting technology and control upgrades
+ Water efficiency and treatment systems
+ Waste management
Its unique benefits are helping businesses make significant savings and deliver a huge environmental impact.
Benefits |
Upgrade Fund | Other Finance |
| Loan terms of up to 20 years to maximise cashflow | X | |
| No deposit or additional personal security required | X | |
| Competitive interest rates with predicable quarterly repayments | X | |
| Up to 100% project finance, including hard and soft costs | X | |
| Loan fully transferrable upon sale of building | X | |
| Repayments can be shared with tenants without renegotiating lease | X |
Financing your environmental upgrade project with Upgrade Fund is surprisingly easy.
- Engage a contractor to scope and quote on the works.
- Our expert team will work with you to match an Upgrade Fund term that maximises your business cashflow
- Project is greenlit, and your business, local council and SAF sign an Environmental Upgrade Agreement (EUA)
- Up to three progress payments can be made and down payment refunded to customer
- A fixed Environmental Upgrade Charge (EUC) will be sent with your next local council rates notice
What Can be Funded?
Any type of business can apply for Upgrade Fund, provided:
- Council supports environmental upgrade finance
- Building is on rateable land
- Primarily a non-residential property
- Upgrade has a measurable environmental benefit
This includes Agriculture, Commercial Office Building, Tourism and Commercial and Industrial properties.
So long as the works have a measurable environmental benefit, they will likely qualify.
Check Availability in Your Area
Our finance is currently enabled in Victoria, New South Wales and South Australia. Look up your address
to see if it's available to businesses in your council area.
Look Up Your Address Please enter your business street address, or council, so we can check if our finance is available there.
Now Available
New Fast Track Green Loan now available!
Our new Fast Track Green loan will deliver more speed, greater flexibility, and extra choices for our customers.
This includes:
+ Accelerated approval: With our Fast Track Green Loan, eligible businesses can secure up to $200,000 without the need to submit financials for faster approvals.
+ Fixed and Variable Rate Interest Options: All our eligible businesses can now choose an SAF green loan, including out Fast Track Green Loan with either a fixed or variable interest rate, providing the flexibility in funding you deserve.
Find out more and apply today!
Our new Fast Track Green loan will deliver more speed, greater flexibility, and extra choices for our customers.
This includes:
+ Accelerated approval: With our Fast Track Green Loan, eligible businesses can secure up to $200,000 without the need to submit financials for faster approvals.
+ Fixed and Variable Rate Interest Options: All our eligible businesses can now choose an SAF green loan, including out Fast Track Green Loan with either a fixed or variable interest rate, providing the flexibility in funding you deserve.
Find out more and apply today!