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frequently asked questions |
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business term loans
Absolute's Business Term Loans are a flexible and competitive product designed for any purpose related to a business activity, including equipment purposes, investment, acquisition and expansion.
Features
| Amount: | $20,000 or above |
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| Term: | Up to five years |
| Repayment: | Interest only or Principal and Interest |
| Interest Rate: | Fixed - rate set for up to 5 years |
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Variable - rate set by reference to a nominated benchmark |
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| 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
- Security not restricted to "bricks and mortar"
- Flexibility - repayments can be structured to suit your needs
- Generally there is no need to purchase Primary Mortgage Insurance
- 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
- maximised chances of approval through using the most appropriate lender for your circumstances
- dedicated professional staff who are keen to understand your business needs
- prompt, personal service
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