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frequently asked questions |
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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 |
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Acceptable Security: |
Stock and debtors, plant and equipment, real estate and "bluechip" shares in publicly listed companies |
Benefits
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Security not restricted to “bricks and mortar”
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Flexibility – repayments can be structured to suit your needs
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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 sales@absolutefinance.com.au
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