| Additional Gross Profit | $00 |
| Total Interest and Fees ** + | $00 |
| Additional Profit | $00 |
Use the table below to calculate the interest and fees on your Flexible Business Loan.
$20,000
30 Weeks
$21,631.80
$1931.80
| Number of Weekly Repayments |
Weekly Direct Debit Fee |
Weekly Scheduled Repayment |
|---|---|---|
| 30 | $3.85 | $717.21 |
The business loan cost example is based on the following business scenario;
4 years in business (or 2 years in business for asset backed directors) $20,000 in monthly sales, healthy credit, 100% business purpose.
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Business Loans is a responsible lender and the following minimum lending criteria applies.
1300 264 872
Business Loans fixed priced products are available to qualifying SMEs. If you don’t meet our minimum criteria, we may still be able to offer a risk based priced loan. Contact us for a quote.
* Total Interest Percentage of 7.58% on a 7 month loan equates to an annual percentage rate of 24.93%
+ Fixed Rate pricing is available to qualifying SMEs.
Example cost: Minimum total repayments over 30 weeks on a $20,000 loan is $21,631.80, for an average APR of 24.93%. The business loan cost example is based on the following business scenario;
4 years in business (or 2 years in business for asset backed directors) $20,000 in monthly sales, healthy credit, 100% business purpose.
Full disclosure of all fees is available here - https://businessloans.com.au/fees-guide/
