Business Line of Credit
The Business Line of Credit can be a vital tool for many businesses.
Just like a "come and go" revolving credit facility, the Business Line of Credit is commonly used for short-term working capital and seasonal business requirements. The principal can be repaid and redrawn at any time up to your approved credit limit, and we offer attractive interest rates paid on credit balances, Competitive set up and on going costs, and 10 fee free transactions per month*.
- Interest rates are calculated using Suncorp’s Small Business Line of Credit Reference Rate or Suncorp's 30 Day Bank Bill Rate or Suncorp's Premier Business Overdraft Rate plus a customer margin. Interest is charged to the facility monthly
- Interest is calculated on the daily outstanding balance.
No set Principal repayments.
No minimum or maximum term. The facility is subject to annual review.
Many forms of security may be accepted including residential, commercial or rural property, business assets or a combination of these.
Access your fund within your approved limit at any time, using Internet Banking, Card or Cheque.
Fee varies with each application
Quarterly Maintenance Fee
Fee varies depending on approved limit.
Other fees and charges apply. Please click on the relevant link below for lending fees and charges applicable to your circumstance:
You can also contact your Business Banking Manager on 13 11 75 for more information.