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.
If you think crowdfunding your business could be the way to go, take a look at this link – https://business.vic.gov.au/business-information/finance/raise-capital/plan-successful-crowdfunding-and-crowd-sourced-funding.
What you might need
- Revised business plan
- Enough money to keep the business ticking over as you expand
- Relevant permits and licenses
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?