To apply for this loan, you are also required to submit your business data, which is used to establish whether you are suitable for the loan. The loan is suitable to make purchases for your business or for refinance. Your home or other assets are used as security for the loan, and the value of your security is used to determine how much you can borrow.
You can choose between a fixed or variable rate for your loan and you can also choose to make principal and interest or interest-only repayments during the loan term. If you choose to make principal plus interest repayments, you can pay fortnightly or monthly. If you opt for interest only, repayments are monthly.
Some of the benefits you can enjoy with a Business term loan include the following:
The fees you can expect to be charged when you take out this loan include the following:
In order to be eligible for this loan, you need to meet the following requirements:
Once you are sure you meet all the criteria, click on "Go to Site" to begin your application. The information you will need to submit includes the following:
A Bendigo Business Term Loan may sound just right for your company, but you should also compare other business loans to make sure you are getting the best product for your needs.
While we don't directly compare Bendigo Bank Business Term Loans, you can compare other business loans here.
If you're after a business car, compare your vehicle finance and car loan options and get your business on the road.
Need quick finance for your business? Find out how caveat loans work and if they're right for your business.
Are you looking for a business loan but don't have an asset to offer as security? You still have loan options available. Find out what you need to know about unsecured business loans and how to compare them.
As well as bridging financial gaps, BOQ’s Cash Flow Finance funding grows alongside your business’s profit margins and capacity. Receive up to 80% of the value of outstanding invoices to keep your business moving.
This guide will take you through what a business credit score is and show you how to get it for free.
Is your business in a cash flow squeeze? Find out how spot factoring can ease your cash flow troubles in as little as 24 hours, even if you have no collateral.
What you need to know about dividing profits in a small business partnership.
Want to be approved for a business loan from a bank? This is how a bank will assess your application.
Find out how to achieve your small business dreams by getting funding to buy a small business.
Using your purchase orders to secure funding helps your business supply customers while increasing production capacity.