A Commercial Bill facility is an ideal form of lending to assist take care of your short and long term financial needs.
A Bill can help you manage cash flow more effectively, by making payments only on maturity of the Bill and also provide interest rate protection and flexibility.
Essentially, a Bill is a promise to pay to the lender a specified amount on a specific date in the future (Bill Maturity).
This form of financing is very flexible and can be tailored to suit your businesses cash flow. Bills can generally be drawn for periods as low as 30 days and right out to 180 days.
Interest rates are priced off money market related rates, therefore ensuring a competitive interest rate.
The flexibility of the product also allows you to use the facility as a revolving line of credit (where funds are drawn when needed) or as a term loan, where the facility is repaid over a specified time.
Please note that fees and charges may be payable to the lender.
