Business Solutions

At Broken Hill Community Credit Union (BHCCU), we understand that the backbone of our community is businesses like yours. Whether you're launching a new venture, expanding an existing foundation, or simply looking to optimise your operations, a BHCCU business loan can be the key to turning your goals into a thriving reality. Let us help you determine if business banking is the right fit for your needs, and provide guidance on the application process.

What is a business loan? 

A loan for business is a financial tool designed to provide the necessary support for your company. It can serve various purposes, such as:

• Startup: If you're in the early stages of your business journey, a startup loan can provide the initial financial push to get your ideas off the ground.

• Expansion: For established businesses to expand their foundation.

• Expenses: Business loans can help cover day-to-day expenses, manage their online savings accounts, and keep your operations running smoothly.

• Equipment: If your business relies on specific equipment, a loan can help you acquire or upgrade machinery and technology.

• Real estate: Whether you're looking to purchase commercial property or invest in real estate for business purposes, commercial loans are available.

Our business loans 

Our minimum loan amount for commercial loans starts at $2000 and the maximum loan amount is subject to purpose, assessment and referral. We're committed to helping you navigate your business's path to success, and our application process makes securing your business needs straightforward. Contact us today to explore how BHCCU's business loans can support your growth and financial stability. 

Experience flexibility to grow your business with: 

• No ongoing or monthly account-keeping fees

• No penalties for additional payments or early payouts

• Access to in-advance funds on application

Empower your business growth with these tailored financing solutions, internet banking and unparalleled support. Don't hesitate to take the first step towards your business goals and get in contact with BHCCU today to discuss your business loan needs. 

Business & commercial loans: FAQs

What will a person need to be eligible to apply?

To be eligible to apply for a business & commercial loans, all applicants must:

• Be at least 18 years of age 

• Be an Australian Citizen or permanent resident of Australia

• Demonstrate regular income

• Business and personal tax returns for the last three years

• Your tax assessment notices to support tax returns

How much deposit is required for a business loan?

Whether you need a deposit for a business loan will depend on the purpose of the loan and your overall financial portfolio. The deposit for a business loan depends on the eligibility of your portfolio and would need to be assessed.

How to get a business loan for a new business?

To secure a business loan for a new venture, contact BHCCU to explore our tailored business finance options and get guidance on the application process.

Important Information

The Broken Hill Community Credit Union Ltd ABN 12 087 650 762 Australian Credit Licence 238020. Credit eligibility criteria, terms and conditions, fees and charges apply. Full details are available on application.