RTF Financial Services - Equipment Finance Specialists RTF Financial Services - Equipment Finance Specialists
 
 

 

Business Loan - Term loan, Line of Credit

Select from the Product options below:
A Business Loan could give you the flexibility to improve and grow your business while relieving some of the cashflow stress. There are two types of Business loans: Term Loan and Line of Credit

Term Loan

A Term Loan is obviously for a specified amount and period of time and is suitable for most business activities including the planned growth of your business or the purchase of another, and investment.

Suitable for:
  • Small, medium & large businesses wanting to retain working capital and at the same time, grow their business.
Benefits:

  • Flexible repayments to suit your needs
  • In most cases, your current banking arrangements can stay the same.
  • Security can include real estate, debtors, stock
  • Mortgage Insurance often not necessary
Features:
  • $100,000 +
  • Term - Up to 10 Years
  • Repayments can be principal and interest or interest only.
  • Interest rates can be fixed for up to 5 years.

Line of Credit

A Business Line of Credit is a more flexible option and enables you to have cleared funds transferred into your account with just a phone call.

Benefits:
  • Instant draw and repayment of funds when needed.
  • Interest calculated daily on used funds.
  • Flexible repayments to suit your needs
  • In most cases, your current banking arrangements can stay the same.
  • Security can include real estate, debtors, stock
Features:
  • $100,000 +
  • Term up to 12 months - subject to periodic review
  • Initial establishment fee and monthly line fee applicable
  • Variable interest rate - margin applied above published base rates.
  • Security can be property, debtors or stock.
Above loans are based on a Loan to Valuation Ratio (LVR) of 80%. If you need a higher percentage, you may be required to have mortgage insurance.