Is It Time to Upgrade Your Business Equipment?

For many small to medium business owners, staying competitive means keeping productivity high — and that often comes down to having the right tools for the job. Whether it’s updating outdated machinery or investing in new technology, equipment upgrades can make a big difference.

But before asking what to buy, the better question is why, says Luke Sheppard, Senior Business Relationship Manager – North Central Queensland at Bendigo Bank.

“Delivering high-quality products and services is one of the best ways to stay ahead of your competition,” Luke explains. “Upgrading equipment that’s outdated or reaching end-of-life can help boost efficiency, reduce costly downtime, and improve the customer experience — but we know it’s not always an easy decision.”

**Don’t Go It Alone: Why Expert Advice Matters

Many businesses dip into cash reserves when it’s time to purchase equipment. While that may seem like a simple solution, it can put pressure on working capital and expose the business to long-term financial strain.

“This is where expert support can make a big difference,” Luke says. “At Community Bank Cannonvale–Proserpine, we bring together a team of specialists to help business owners understand their current and future needs. By working with us, you’ll know your options, manage operational risk, and keep your cash flow healthy.”

Not all banks take this personalised approach — but at Bendigo Bank, it’s what we believe every business owner deserves.

***Tailored Finance Options to Suit Your Business

Bendigo Bank offers a range of flexible equipment finance solutions designed to meet your unique needs:

• Equipment loan – Purchase an asset outright, using the equipment as security for the loan.
• Finance lease – The bank buys and owns the asset, leasing it to you for a set term. You can make an offer to buy it at the end.
• Asset purchase – Own the asset from the outset, with repayments over time. Ownership transfers to you once the loan is fully paid.
• Novated lease – Ideal for employee vehicles as part of a salary package, with payments deducted from pre-tax salary.

And it’s not just about cars or machinery. “From laptops and servers to specialist medical gear, we can help finance a wide range of equipment,” Luke says. “It’s worth having a conversation with your relationship banker to find out what’s possible.”

**Let’s Talk Business

Whether you’re expanding, upgrading, or just starting to explore your options, our local business banking team is here to help.

Make a face-to-face appointment with Luke Sheppard at the Community Bank Cannonvale–Proserpine Branch by calling (07) 4948 3599 or emailing cannonvale&proserpinemailbox@bendigoadelaide.com.au

Last chance to hear from one of Australia’s most respected economic voices

David Robertson, Chief Economist at Bendigo Bank, is heading to Proserpine on Friday 11 July for a special community event – and everyone’s invited.

Known for his ability to make complex economic trends easy to understand, David’s engaging and down-to-earth style has earned him a strong following.

Hosted by Community Bank Cannonvale–Proserpine, this is a rare opportunity to hear firsthand from a leading expert about the financial forces shaping our country—and what it could all mean for local families, businesses, and the Whitsundays region.

What: Bendigo Community Bank Cannonvale-Proserpine Chief Economist event

When: 7:30am-9am Friday 11 July 2025

Where: Filby’s Motors, 62 Main Street, Proserpine

Registration: Free event, open to all. RSVP to secretary@whitsundaycel.com.au

Bendigo Bank – the better big bank.

(Terms and conditions, fees, charges and lending criteria apply.)

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The Branch and Business Banking team at Bendigo Community Bank Cannonvale-Proserpine
Luke Sheppard, Senior Business Relationship Manager – North Central Queensland at Bendigo Bank

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