As published by Suncorp Bank. Details not published by the lender are marked.
- Loan amount
- $20K to $5M
- Rate
- Rate available on application
- Rate type
- Variable, with option to fix a portion
- Term
- Up to 30 yrs
- Security
- Property-secured
- Structure
- Term loan
- Fees
- Establishment fee of $1,000 for loans of $20,000 to under $1,000,000 · Establishment fee of 0.25% of total amount borrowed for loans of $1,000,000 to $5,000,000 · Account keeping fee of $15 per month
- Repayment frequency
- Weekly, Fortnightly, Monthly
- Documents
- Two years of financial statements (Balance Sheet and Profit and Loss), 12 months of non-Suncorp Bank account statements, recent council rates notice, executed purchase contract if applicable, ID documents
- How to apply
- Direct with the lender, or through us
- Not published by Suncorp Bank
- early repayment, time trading, turnover, guarantees, funding time, restrictions
- Suitable purposes
- GrowthEquipment
About Business Essentials Term Loan
Suncorp Bank publishes these details for Business Essentials Term Loan: structure term loan; loan amount $20K to $5M; term up to 30 yrs; security property-secured; documentation two years of financial statements (Balance Sheet and Profit and Loss), 12 months of non-Suncorp Bank account statements, recent council rates notice, executed purchase contract if applicable, ID documents; suitable purposes growth, Equipment. Not published by Suncorp Bank for this product: maximum LVR, time trading, turnover, funding time, guarantees. Ask the lender or a finance specialist to confirm these before you apply.
How it differs from other Suncorp Bank products
- Agribusiness Loans: Loan amount is $20K to $5M here and from $500K for Agribusiness Loans; term is up to 30 yrs here and 1 yr to 15 yrs for Agribusiness Loans; documentation is two years of financial statements (Balance Sheet and Profit and Loss), 12 months of non-Suncorp Bank account statements, recent council rates notice, executed purchase contract if applicable, ID documents here and 2 consecutive years of financial statements for Agribusiness Loans; suitable purposes is growth, Equipment here and commercial property, Growth, Refinance for Agribusiness Loans.
- Business Line of Credit: Structure is term loan here and line of credit for Business Line of Credit; Suncorp Bank publishes loan amount ($20K to $5M) for this product but not for Business Line of Credit; Suncorp Bank publishes term (up to 30 yrs) for this product but not for Business Line of Credit; documentation is two years of financial statements (Balance Sheet and Profit and Loss), 12 months of non-Suncorp Bank account statements, recent council rates notice, executed purchase contract if applicable, ID documents here and fully documented application including business financial statements for Business Line of Credit.
- Business Overdraft: Structure is term loan here and overdraft for Business Overdraft; loan amount is $20K to $5M here and from $10K for Business Overdraft; Suncorp Bank publishes term (up to 30 yrs) for this product but not for Business Overdraft; security is property-secured here and varies for Business Overdraft.
- Commercial Term Loans: Loan amount is $20K to $5M here and from $500K for Commercial Term Loans; term is up to 30 yrs here and 1 yr to 15 yrs for Commercial Term Loans; documentation is two years of financial statements (Balance Sheet and Profit and Loss), 12 months of non-Suncorp Bank account statements, recent council rates notice, executed purchase contract if applicable, ID documents here and 2 consecutive years of financial information for Commercial Term Loans; suitable purposes is growth, Equipment here and growth, Buy a business for Commercial Term Loans.
