Republic Business Expansion Loans

TOTAL FACILITIES Up to $250,000
PURPOSE OF LOAN Working Capital & Expansion
LOAN LIMITS
  • Working Capital - (1) Overdraft or Term Loans - 5% - 8% of estimated annual sales
  • Revolving Loan - up to 75% of working assets
TERM
  • Overdraft - on demand with annual review.
  • Revolving Loans - 3 to 6 months repayment.
  • Term Loan - up to 5 years repayment.
INTEREST RATE Fixed for one year with review
MORATORIA On capital repayments of up to 1 year
REPAYMENT PROVISIONS Depending on circumstances:-
  1. Fixed monthly instalments on either amortised or instalment basis
  2. Interest only with provisions for periodic lump sum payments
FEES/CHARGES Discount on all fees in the first year of lending.
INSURANCE PROTECTION Insurance acceptable to the Bank
SECURITY
  • Mortgages
  • Debenture
  • Mortgage Bills of Sale
  • Chattel Mortgages
  • Assignment of Contract Funds
  • Charge over marketable securities and readily realisable assets
  • Assignment of Insurance covering insurable assets for full value.
  • Keyman/ Life/ Group life insurance on principal(s)
  • Director's Guarantees
FINANCIAL DATA
  • Business Plan
  • Periodic Management Accounts
  • Annual Accounts
  • Cask Flow Forecast
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