It depends on the facility. We can set some up in just a couple of days, but most take one to two weeks.
No. Each facility is in place for 36 months, and you can settle at any time without penalty, as long as the facility has been in place for at least two months.
No – it works like a traditional overdraft. You draw money when you need it, and pay only for what you borrow.
We are typically lending up to:
- 90% against debtors
- 70% against commercial property
- 80% against residential property
- 60% against plant and machinery
- and stock will be reviewed on a case by case basis