How to choose a business structure
Starting a business involves a number of steps. To start with, you will need to decide on a business structure.
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Invest in the long term future of your business with our affordable and flexible SME High LVR Fixed Rate Loan, specifically designed to allow you to maximise your borrowing capacity against commercial property assets, without putting strain on your working capital or monthly cash flows.
What is a notional repayment term?
A notional repayment term is a flexible loan option that allows you to set your loan repayments at a lower amount than what would usually be expected.
For example, let's say you take out an SME High LVR Fixed Rate Loan over 5 years but request a notional repayment term of 15 years.
Your repayments would then be reduced to match the repayments for if the loan was taken out over 15 years. You'll have to pay the loan back after 5 years, but during this time your monthly cash flow is freed up for other business expenses.
At the end of the 5 years, the leftover residual balance on your loan (including interest and fees) must then be paid with a lump sum payment or renegotiated into a new loan, subject to approval.
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| Interest Rate | ||
| 3 Year Fixed | ||
| 4 Year Fixed | ||
| 5 Year Fixed | ||
| Loan Approval Fee | 0.25% of the guarantee amount or $600, whichever is greater. |
| Monthly Administration Fee | $20 |
To be eligible for any SME Support Loan under the SME Guarantee Scheme you must:
To apply for or enquire about our SME Support Loans:
For more details on the Scheme visit the Department of Treasury website.
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