Unsecured Line Of Credit
How is an unsecured line of credit different to a term loan? A line of credit is not a term loan, you only pay for what you use.
We get you an approval for a facility amount – as a guide this is normally 1 – 1.5 times your monthly turnover. You then have access to a portal in which you can draw funds or pay suppliers as needed. Use your revolving line of credit to renegotiate terms of trade with suppliers. Get discounts for upfront payments and/or change suppliers from local to interstate or overseas suppliers and increase margins. An unsecured line of credit can enable every business to take control of their cash flow and set themselves up for success.