Eco-loans for farms small businesses

Farmers, freight companies, and other small and medium enterprises (SMEs) have access to more affordable financing for sustainable energy solutions.

The Australian Government has committed $50 million to offer discounted loans through the Clean Energy Finance Corporation. These loans will support the purchase of energy-efficient machinery and equipment for farms and buildings, including:

• Tractors
• Harvesters
• Earthmovers
• Cranes

Non-bank lender Metro is providing the funding, allowing eligible customers financing a $60,000 electric vehicle to save approximately $1,700 in interest over five years.

This initiative shall help reduce energy costs and financing expenses for businesses in the SME and agricultural sectors.

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