This product provides a Line of Credit to cover your day to day cash flow financial needs. It can also provide extra cash flow to cover seasonal and short-term working capital requirements.
Facility Type
A Revolving Line of Credit
Facility Purpose
To assist and manage working capital requirements
Loan Amounts
Minimum $10,000, no Maximum
Repayment Terms
With an Overdraft, Interest is calculated daily, and charged to the account on a monthly basis. The end balance must remain within the assigned limit.
Security
Can be unsecured or secured by various types of security, including Commercial, Retail, Industrial and Residential Property.
Repayment Options
There are no fixed or minimum monthly repayment arrangements
Loan Terms
There are no minimum or maximum loan terms
Disclaimer: Subject to Bank/Lenders terms and conditions. Fee may apply.