Re: $300,000 trade finance
Posted: Wed Mar 23, 2016 2:15 pm
Hi gabby. Welcome to the forums.
Unfortunately, lenders will usually let you borrow only up to $250,000 secured over residential or commercial property or a charge over business assets with trade finance.
As with any other type of business finance, the criteria applicable to you will depend on the strength of your personal situation as well as your business.
Please note that the minimum loan term is 14 days and maximum is 180 days. The interest rate will be based on a short term cost of funds interest for AUD or major foreign currencies plus a margin.
Cheers,
Otto
Unfortunately, lenders will usually let you borrow only up to $250,000 secured over residential or commercial property or a charge over business assets with trade finance.
As with any other type of business finance, the criteria applicable to you will depend on the strength of your personal situation as well as your business.
Please note that the minimum loan term is 14 days and maximum is 180 days. The interest rate will be based on a short term cost of funds interest for AUD or major foreign currencies plus a margin.
Cheers,
Otto