Line of Credit
Business line of credit
A revolving facility you draw on when you need it and pay interest only on what you use.
Repayment estimate
$1,231/ month
$60,000
8.50% p.a.
5 years
Calculations are estimates only and are not an offer of finance, a quote or an approval. They do not include all fees and charges, and actual repayments will depend on the lender, product and your circumstances.
What we can look at
- Draw down and repay as required
- Interest generally charged on the drawn balance
- Secured and unsecured options
- Ongoing access without reapplying each time
- Useful as a buffer alongside a term loan
Who it suits
- Businesses with lumpy cash flow
- Operators wanting a standby buffer
- Companies managing stock cycles
- Businesses smoothing seasonal swings
Submitting an application is not a guarantee of approval. Any finance is subject to lender assessment, criteria, terms and conditions.
Ready to see what finance could work for you?
Start an application in a couple of minutes, or talk it through with a finance specialist first.