What are the features of Portfolio Loan?
Portfolio Loan enables small business owners to combine their business loan, personal finances and investment needs into one convenient, flexible line of credit. Features include: 1. One overall approved credit limit 2. Create up to 10 sub-accounts – Distribute your credit limit between sub-accounts. 3. Interest rates – Your primary sub-account is always at a variable rate. You can choose fixed or variable rates on additional sub-accounts. 4. Different ownership structures – The additional sub-accounts can have different ownership structures. Your trading name can be included in a sub-account to allow cheque deposits into the account and to allow the account to be used as overdraft.
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