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You can take any amount within the set limit as and when you need. Payback only the amount you have withdrawn and additional chargers if there are any. The interest is charged only on the amount that you borrow. One of the best short term loans for quick funds.
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Types of Business Loans Australia Lenders Provide securedlending.com.au
Fixed Term Loan • Secured or unsecured and long term and short term loans that come with a fixed duration of repayment are called fixed term loans. The features of a fixed term loan include. • - Variable or fixed interest rate • - Large loan amount • - Stability • - Instant access to funds securedlending.com.au
Business Line of Credit This allows access to funds with a credit limit. You can take any amount within the set limit as and when you need. Payback only the amount you have withdrawn and additional chargers if there are any. The interest is charged only on the amount that you borrow. One of the best short term loans for quick funds. securedlending.com.au
Equipment loans • Heavy machinery, specific equipment, and IT devices can be bought using this loan. You get the money from bank and pay it off as you work with your machine. Different types of equipment loans include • - Hire purchase • - Finance lease • - Novated lease securedlending.com.au
Business vehicle loan • This loan helps you buy a vehicle for business purposes. The options for business vehicle loan include • - Finance lease • Lender purchases the vehicle and leases it to you • - Commercial hire purchase • Hire a car from a lender for a period of time and pay monthly interest until the loan term and own the vehicle • - Chattel mortgage • The lender gives you the money and takes the vehicle as mortgage. securedlending.com.au
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