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business line of credit

Absolute’s Business Line of Credit has been designed to help your business with its daily cashflow requirements. Similar to an overdraft facility the flexibility of the product gives you maximum control over your credit exposure.

Features

Amount: $20,000 or above
Term: Up to 12months subject to periodic review
Repayment: A minimum monthly payment to cover interest and fees
Interest Rate: Variable - rate set by reference to
a nominated benchmark
How does
it work?
As simple as picking up the telephone and asking for cleared funds to be credited to a nominated bank account
Fees: An initial establishment fee and monthly line are payable
Acceptable
Security:
Stock and debtors, plant and equipment, real estate and "bluechip" shares in publicly listed companies

Benefits

  • Security not restricted to “bricks and mortar”

  • Flexibility – repayments can be structured to suit your needs

  • Prompt access to cleared funds

  • Generally there is no need to change your current banking arrangements

Why Absolute?

  • an alternative to traditional bank lines
  • competitive terms tailored to your requirements
  • a comprehensive product range
  • dedicated professional staff who are keen to understand your business needs
  • prompt, personal service  

contact us 
now
for further information
 

phone 02 4254 2050
or email [email protected]

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