Injecting equity into your small business
The Suncorp Small Business Line of Credit is a 'come and go' revolving credit facility commonly used for injecting capital into the business. The principal can be repaid and redrawn at any time. A revolving line of credit is perfect for your business if you need access to funds for working capital requirements
You can:
- keep the line of credit separate from your day-to-day cheque Account
- access by cheque, card, Bpay or transfer by telephone or Internet
- repay any amount and still only pay interest on the amount of the debt
- draw on equity to meet capital or seasonal needs
| Feature |
Description |
| Competitive interest rate |
Interest is variable, calculated on outstanding daily balances and charged monthly in arrears. You pay interest only on the money you actually use. Credit funds earn interest. Margins apply for non-residential security |
| Repayments |
Repayments can be made at any time without penalty. There is no need for regular repayments. We expect that the account balance will fluctuate within the Line of Credit limit, in line with the cash flow cycle of your business |
| Terms |
No fixed term. However, Suncorp can withdraw or reduce the Line of Credit limit or ask for repayment in full at any time. |
| Security |
Small Business Lines of Credit are usually secured by residential, commercial or rural property |
| Statements |
Monthly (Available more frequently but a fee may apply.) |
| Minimum loan amount |
$10,000 |
Fees
| Item |
Description |
| Establishment fees |
New Loans, Limit increases & combination facilities |
Determined at Application |
(term loan and Line of Credit)
Property Evaluation Fees and other fees may also apply |
| Quarterly Service fee |
$80 per quarter |
Other fees and charges also apply. For a complete guide please download the Lending Fees and Charges brochure (PDF, 301KB) or obtain a copy from one of our
Suncorp Branches.
