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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Business Line of Credit
A flexible form of line of credit financing that allows you to decide when to make principal reductions with the ability to re-use these funds at any time during the term of the facility.
Rates
| Interest Rate | ||
| Residential Security | ||
| Non-residential Security | ||
Interest Rate
3.75%
Interest Rate
4.60%
Rates Effective From 09/04/2021
| Interest Rate | ||
| Indicator Rate Business Line of Credit | ||
| Indicator Rate Residential Business Line of Credit | ||
| Indicator Rate Non-Residential Business Line of Credit | ||
Interest Rate
3.69%
Interest Rate
3.69%
Interest Rate
4.54%
Rates Effective From 09/04/2021
Fees
| Application Fee | Available upon request |
| Monthly Fee | $20.00 |
Transaction Type |
Fee Per Transaction |
| Any debit and credit transaction on your facility account, other than for interest or fees and charges. |
5 free transactions per month. Subsequent transactions attract a fee of $2.00 per transaction. |