Business Credit is
a revolving line of credit that
you can use again and again to
manage your cash flow with ease.
Developed with
Australia’s self-employed sole
traders in mind, Business Credit
offers a convenient, low cost
alternative to traditional
revolving business products (e.g.,
business overdraft). With an
attractive fee / rate structure
and the ability to use your
business AND personal income in
credit limit determination2,
you can get more for less with
Business Credit.
What’s so different
about Business Credit?
-
Flexibility of a
card for ATM withdrawals or
retail transactions AND a cheque
book where cards are not
accepted
-
Low ongoing rate
of 13.99% p.a.3 on
everyday purchases and cash
advances for business or
investment purposes only
-
Withdraw any
amount you choose within the
approved limit
-
No local ATM/
EFTPOS transaction fees or cash
advance fees#
-
Low annual fee of
$125
-
Low one time
establishment fee of $199
-
Limits of $5,000
to $50,0001
-
Interest is
charged only on the outstanding
balance
Uses
of Business Credit
Business Credit is
a flexible and convenient way to
manage your cash flow with ease.
Business Credit represents a
long-term finance solution to help
you to effectively manage your
day-to-day cash flow needs. You
can use Business Credit again and
again and you pay only for what
you use. Business Credit can be
used just like a credit card or
cheque account.
What ca What
can I use Business Credit for?
-
For business or
investment purposes only
- the intended use of your
Business Credit account must be
for business or investment
purposes only.
-
Smooth normal
seasonal fluctuations in your
business cycle
- Business Credit can act as a
convenient, low cost finance
tool to smooth the troughs of
your regular business cycle.
-
Manage temporary
cash flow shortages
- if your vendors, people and
debtors all have to be paid in
the same week and you are still
awaiting payment from your
customers, Business Credit
offers peace of mind by helping
you to cover temporary cash flow
shortages.
-
Fund increases in
current assets (i.e. stock,
debtors, etc) or the payment of
peak or unexpected operating
expenses
– use Business Credit to
capitalise on investment
opportunities or fund increases
to your current assets.
-
Write cheques
where only cheques are accepted
- use your Business Credit
cheque book to pay for items
where cards are not accepted.
-
Use as a safety
net in the event of an unlikely
emergency
- no matter how diligent your
planning or how thorough your
management of your business,
emergency situation can and will
happen. In an emergency, your
Business Credit account can help
you to cover unforeseen
expenses.
3 Interest rate is 13.49% p.a.
This interest rate is variable
and subject to change. Terms
and conditions apply and are
available on request. Other
fees and charges may apply.
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