The Business Overdraft provides a fluctuating credit facility to assist with your business cash flow. This can be used to fund temporary shortfalls in cash for stock purchases wages and other business expenses.
A limit is approved on your business account and you are then permitted to draw up to this amount. You are only required to cover the monthly interest charges. Interest is calculated on your daily overdrawn balance.
Variable Rate Loans are taken out over a fixed term with either interest only or principal and interest repayments. The interest rate is variable which means it can go up or down over the term of the loan.
They are available as either Business Loans secured by residential property or Commercial Loans secured by different security types including commercial property. Variable Rate Loans are available for most business purposes.
Fixed Rate Loans are taken out over a fixed term with either interest only or principal and interest repayments. The interest rate is fixed for the term of the loan so you will always know what your repayments will be. They are available as either Business Loans secured by residential property or Commercial Loans secured by different security types including commercial property. Fixed Rate Loans are available for most business purposes.
Cash flow is essential for any business to survive and expand. This facility can provide you with instant cash flow by providing access to money you have tied up in outstanding invoices. Instead of waiting weeks or even months to collect outstanding invoices, a cash flow lender will advance funds against your invoices. You can usually get funding within 24 hours of an invoice being approved. Borrowing limits and eligibility are determined by your accounts receivable.
Finance is available to assist you purchase motor vehicles or plant and equipment for your business without the need tie up other business assets or property. A range of finance products are available including leasing, hire purchase, chattel mortgage, novated lease and operating leases.
With over 15 years experience in Business Finance, Custom Finance are experts at finding a business loan to suit your needs. Contact us today to find out how much you can borrow.
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