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Flexible, Smart Commercial Line of Credit
We are specialists in sourcing flexible ongoing funding lines to provide support for operators on an ongoing basis. Flexible options such as overdrafts which can be used to manage cash flow, meet unexpected and seasonal expenses, short-term working capital, invest in stock, materials and inventory.
Customised arrangements are individually sourced and negotiated to meet the specific and unique requirements of our clients. Funding arrangements to ease pressure on cash flow, open growth and expansion prospects, capture and capitalise on opportunities, conveniently access funds as required and build stability into the enterprise.
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Find the Best Commercial Line of Credit Interest Rates
Compare Competitive Commercial Line of Credit Interest Rates
The interest rates on overdrafts and continuous funding options can vary across the lending sector. With our extensive coverage of the sector, we source lower rates across the portfolio of lending options for enterprises. Compare our rates and contact us for a confirmed quote.
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Disclaimer: The comparison rate displayed is calculated for a loan of $30,000 over 5 years. The results from this calculator should be used as an indication only. Quoted repayments are based on advertised rates and do not include lender fees and charges. Results do not represent either quotes or pre-qualifications for a loan. The specific details of your loan will be provided to you in your loan contract. It is advised that you speak with us so that we can provide you with advice that is tailored to your situation.
Today's best rate
Finance Equipment From
4.99 % Fixed
* The interest rate is calculated on a secured loan for commercial use, effective 16/05/2024 and subject to change. Warning: the interest rate is only true for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts may result in a different interest rate.
Today's best rate
Finance Equipment From
4.99 % Fixed
* The interest rate is calculated on a secured loan for commercial use, effective 16/05/2024 and subject to change. Warning: the interest rate is only true for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts may result in a different interest rate.
Your Flexible Financing Lifeline
What is a Commercial Line of Credit?
Overdrafts are one form of c ongoing funding as is a continuous arrangement at a set amount. These options are flexible as they allow access to a set amount of funds when required, with interest only applicable on the amount used.
The limit is pre-approved and the funds available to the operator when needed. When the balance is kept below the approved limit, the operator has the flexibility to decide how much to pay off each month or cycle. Arrangements can be made for a set time or as an ongoing continuous arrangements with reviews at certain times.
Expert Service and Support for Your Business Line of Credit
Get Expert Commercial Line of Credit Service & Support
We are experts in specialist funding, with the smart technology, lender connections and experience to secure the right option for each client. As Australian company, we fully appreciate the challenges and conditions faced by Aussie operators across the country and across many industry sectors.
Using our vast knowledge and 20+ years of experience, we individually source, negotiate and structure solutions to suit specific operational conditions and unique circumstances. Our leverage within the lending market enables our consultants to arrange lower rates and the most amenable lending conditions. Factors which are critical to affordable funding outcomes.
- Extensive experience
- Utilising smart technology
- Australian based experience and industry knowledge
- Sharp financial acumen and expertise
Explore the Various Types of Business Line of Credit Finance
Types of Commercial Line of Credit Finance
Ongoing and as-required funding may be obtained through a number of specialist products. Primarily overdraft, a general continuous arrangement or an arrangement with a time limit. The specific requirements and application details of individual operators may determine the most appropriate and suitable option.
- Overdrafts: usually arranged to meet short-term requirements and for a set timeframe. Available through banks and non-bank lenders.
- Continuous Funding: a longer term arrangement with no set timeframe or based on reviews. Available through banks and non-bank lenders. Security required may vary with lenders.
- Bank Overdrafts: widely-used and can suit many operators. Set fund limits and terms can be either ongoing or for a set timeframe. Interest only charged on the funds used each month.
- Non-Bank Lender Overdrafts: an option for possibly lower rates and for more flexible approvals where an operator does not meet the more strict bank criteria or requires arrangements outside banking guidelines.
Commercial Line of Credit Financing
Smart Solutions, Cost-effective Format with Business Line of Credit
Ongoing continuous funding can be a smart way for operators to support their enterprise. The funds are there when required, but interest is only charged if used. A solution which allows operators to take greater control over their funding costs.
- Interest rate – usually at a variable rate due to the ongoing format. Set timeframe arrangements may in some cases be sourced at a fixed rate for a fixed term.
- Interest charges – only charged on the funds used, usually charged monthly at the applicable rate.
- Not set repayment schedule – the funds are available as required with lenders reviewing arrangements as per their guidelines. No need to reduce the amount on a regular basis with repayments. nets
- Term – with ongoing and continuous funding there is no fixed lending term. Some lenders may request reviews at set intervals.
Security – lenders typically require property or assets to be provided as security against an ongoing funding arrangement. Unsecured options may be sourced based on turnover and other aspects of the application.
Tailored Commercial Line of Credit Solutions for Your Venture
Commercial Line of Credit Solutions
We appreciate the needs that operators have for ongoing funding and structure solutions to meet specific objectives.
- Working capital
- Seasonal expenses
- Intermittent and unexpected costs
- General cash flow support and management
- Purchase stock, inventory and materials for manufacturing and production
- Enable bulk buying of materials and supplies
- Funding for new opportunities
- Funding for investments
Fast Commercial Line of Credit Services and Support
Through our specialist lender broker services we can source funding support quickly and efficiently for all types of set-ups and structures. We have a range of product options and the willingness to ensure the most suitable and workable outcome is achieved.
Our brokers are on hand to discuss what you need and get fast approvals and settlement on all types of funding requirements.
Access Commercial Line of Credit
Get Access to Commercial Line of Credit from 80+ Lenders
Rates, approval criteria and funding guidelines vary significantly across the vast selection of banks and non-bank lenders offering continuous funding arrangements. Through our accreditations with more than 80 lenders, we have the capabilities to source the lender that will best-suit each of our clients.
- Access to 80+ lenders for lower rates
- Extensive market leverage
- Vast selection of banks and non-bank lenders
FAQs
Line of Credit
An ongoing, continuous source of funds are made available to operators to draw on as needed. An upper limit for the funds is set. The operator can use as much or as little of that funding pool as required and when needed.
An ongoing source of funds can be used for general cash flow and expenditure, investments in new opportunities, to acquire stock for inventory, to purchase materials and supplies to enable production and manufacture of goods, to cover unexpected expenses and for a wide range of purposes.
Readily available funds through an overdraft or other arrangement allows operators the flexibility to be able to acquire what they need and pay expenses without having to apply for multiple loans. It allows many smaller expenses to be covered for seasonally-impacted operators and general financial support for all types of operators.
There are no specific repayment schedules applicable to an overdraft or ongoing funding arrangement. The funds can be used as required and replaced when income permits. When used in a transaction account, income from invoices and payments automatically top-up or replace the funds used.
Options to an ongoing funding arrangement may depend on the purpose(s) for the funds. An overdraft is a form of ongoing funding but usually with a shorter timeframe. Secured and Unsecured Loans may also be considered.
Security required for approval of an ongoing funding arrangement will be dependent on the individual lender criteria. Property and assets can be requested. Approval may be obtained through some lenders based on turnover and the strength of the operation.
A variable interest may apply to long-term funding arrangements and this will vary in line with lender rate changes. For short-term arrangements a fixed interest rate may be obtained.
Yes. The purchase of stock and inventory is one of the reasons that many operators apply for an ongoing source of funds. The funds can be used to acquire the stock and repaid when the stock is sold.
An overdraft may be approved for a short term while an ongoing funding arrangement may not have a time limit.
All funding applications are subject to lender approval. Small operators can apply for an ongoing arrangement and can get approved when they meet the lender criteria.
An ongoing funding arrangement can be used for a wide range of purposes. To support cash flow with general operational costs and expenses; to purchase stock, materials and supplies; to acquire equipment which is possibly below the minimum for asset funding products; to cover unexpected expenses; and to invest in opportunities as they arise.
The funding term for an ongoing arrangement will be per agreement between the lender and the borrower. Long term, even permanent, arrangements can be obtained. Short term arrangements can also be put in place.
Interest on ongoing funding arrangements is charged only on the portion of the funds which are used. Interest is usually charged monthly. Interest is not charged on the total amount unless the entire amount is used.
Operators in seasonal types of industries such as agriculture and farming can benefit from an ongoing funding arrangement to cover expenses while awaiting income.
Yes. When an ongoing funding arrangement is in place, it may be used for general expenses such as wages and other costs.
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