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A short or long-term answer
for major cash needs
Often the ideal option for short or long-term financing, Commercial Bills can be an excellent answer when you need a significant injection of cash. Above $100,000. Normal terms are from seven to 180 days with a variable or fixed interest rate.
With fixed rate bills, your interest rate remains constant for the term of the facility, which may include several rollovers. With variable rate bills, the interest rate is fixed for each period. If the period is extended or rolled over, the interest rate may vary.
Your commitment is to repay the face value of the Bill at the end of the term of the loan agreement.
Borrowing via a Commercial Bill facility offers the flexibility to:
Call 1800 351 663
Contact a Small Business Specialist
Purpose
Short or long-term finance for any approved commercial or investment purpose.
Interest Rate
Available on application.
Term
Up to five years (longer terms available on application).
Interest Types
Variable, fixed or maximum (capped) interest rate structures.
Minimum Amount
$100,000 (higher amounts and reductions in multiples of $5,000).
Interest Frequency
30, 60, 90, 180 days (longer terms may be negotiated).
Repayment Frequency
The face value of the Bill is repaid at the end of each rollover period.
Security
Unsecured or secured by residential, rural or commercial property and/or business assets, or a combination of these.
Fees and Charges
Fees and charges are payable.
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