Commercial Bill of Exchange – LEND U

Applying is free and it won’t impact your credit

A commercial bill of exchange usually covers a cashflow shortfall in a seasonal business.

✔ Advantages:

It offers the option to roll the loan over at maturity date. A commercial bill of exchange is a short-term facility
You can withdraw funds as needed, so it can be seen as a revolving line of credit.
Commercial bill of exchange provides multiple terms of interest paid at maturity and at intervals such as 30, 60, 90, 120, 150 or 180 days.

❌ Disadvantages:

Interest margin above standard rate and payable in advance.
Sensitive to variable interest rates.
Amounts are usually for a minimum of $500,000 and fits only high turn over businesses well established.

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Advance funds is owned by Easy Park Australia ABN: 55 213 040 116 acts under a fund facilitator / commercial aggregator. This content does not constitute legal, tax or financial advice. Please contact your advisor for more information.Products, features and info shown are general in nature and may vary depending on individual situations, please refer to loan contract/offer for terms relevant to you.