Committed Cash Advance Facility
Draw down and repay loans whenever it suits your business cash flow.
- Take out loans for fixed periods whenever it suits your cash flow
- Time each loan repayment date to match known periods of higher income
- A flexible facility that lets you draw down each loan at a fixed interest rate
- Easy on your cash flow with interest payments every 90 days for each loan
More detail
Our committed cash advance facility1 is designed for businesses and agribusiness operations that need a really flexible loan to manage cash flow fluctuations. This facility can save time, give you the reassurance of ongoing funding and put you in control of your business finances.
Certainty of funding
Now you can have the certainty of knowing that funding will be right there if and when you need it. You can draw down multiple loans, up to your facility limit, without separate credit approval and documentation each time. Your facility can be available for up to three years at a time depending on credit approval.
Time each loan to suit your cash flow
Each loan can have a fixed term from one to 365 days, it’s up to you. This means you can time the repayment of each loan for when you’re expecting cash to flow into your business.
A flexible facility that lets you draw down each loan at a fixed interest rate
When it comes to interest rates, our committed cash advance facility can give you the best of both worlds. Your facility is not locked into one rate for years at a time, but when you draw down each loan you’ll have the certainty of a fixed rate for the term of that loan. Plus your interest payments are spread over the term of your loan at 90-day intervals. If a loan is for less than 90-days you simply pay the interest when you repay the loan at the end of its term.
Committed Cash Advance Facility Example
The following diagram indicates the interest cost payable (quarterly over a 2 year term)
