What are the features of a Portfolio Loan?
The Portfolio Loan enables small business owners to combine a business loan, personal finances and investment needs into one convenient, flexible line of credit. Features include: • One overall approved credit limit • Create up to ten sub-accounts. Distribute credit limit between sub-accounts. No repayments required as long as loan is within the approved limit. • Different ownership structures. The non-primary sub-accounts can have different ownership structures. Trading name can be included in sub-account to allow cheque deposits into the account and to allow the account to be used as overdraft. • Interest rates. Choose fixed or variable rates on the non primary sub-accounts.
