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Finance, insurance and banking services

Sydney, New South Wales 2000 Australia

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Business Management & Admin

Westpac: New Business Loans

Summary

To support their business customers through this challenging environment, Westpac is offering an unsecured 3-year term loan up to $250,000 to eligible business customers with a turnover of less than $50M. This offer will be available with a 6-month repayment deferral, with interest to be capitalised. No establishment fees or monthly account keeping fees apply. Other fees and charges may apply. Applications are available between now and 30 Sept 2020 to both existing and new Westpac customers. Who's eligible? In order to apply, your business must meet the eligibility requirements as follows: Businesses with an annual turnover of less than $50 million The business must be a tax resident of Australia that is based, registered and operating in Australia Both existing Westpac customers and new customers are eligible Loans must be used to support current and upcoming cash flow needs Loans must be used for business purposes only Loans cannot be used to refinance drawn facilities with Westpac or any other lender The total sum of your unsecured loans (including those from other financial institutions) relating to COVID-19 relief must not exceed $250,000. How do I apply? If your business has more than $3 million in existing Westpac business lending, contact your Relationship Manager. Otherwise, you can apply in one of the following ways: If you are an existing Westpac customer, you may already be conditionally approved for up to $75,000 in unsecured funds with Business Advance. If this is the case, sign in to Westpac Live Online Banking to apply online. It generally takes less than 3 minutes. Eligibility and credit criteria apply.

To support their business customers through this challenging environment, Westpac is offering an unsecured 3-year term loan up to $250,000 to eligible business customers with a turnover of less than $50M.

This offer will be available with a 6-month repayment deferral, with interest to be capitalised. No establishment fees or monthly account keeping fees apply. Other fees and charges may apply.

Applications are available between now and 30 Sept 2020 to both existing and new Westpac customers.

Who's eligible?

In order to apply, your business must meet the eligibility requirements as follows:

  • Businesses with an annual turnover of less than $50 million
  • The business must be a tax resident of Australia that is based, registered and operating in Australia
  • Both existing Westpac customers and new customers are eligible
  • Loans must be used to support current and upcoming cash flow needs
  • Loans must be used for business purposes only
  • Loans cannot be used to refinance drawn facilities with Westpac or any other lender
  • The total sum of your unsecured loans (including those from other financial institutions) relating to COVID-19 relief must not exceed $250,000.

How do I apply?

If your business has more than $3 million in existing Westpac business lending, contact your Relationship Manager. Otherwise, you can apply in one of the following ways:

  • If you are an existing Westpac customer, you may already be conditionally approved for up to $75,000 in unsecured funds with Business Advance. If this is the case, sign in to Westpac Live Online Banking to apply online. It generally takes less than 3 minutes. Eligibility and credit criteria apply.
Westpac: New Business Loans Westpac: New Business Loans P464 https://www.savvysme.com.au/marketplace/images/detailed/1/blob_f8z2-8g.png 0.000000 2020-08-06