Revolving credit facility

As your business or farm grows, financial needs can change. A revolving credit facility can assist with managing cash flow and help the business take advantage of new opportunities with ongoing access to the funding you need.

Benefits at a glance

  • Minimise your interest costs by using your income to lower your loan balance.
  • Draw down, repay and redraw funds at any time, within your credit limit.
  • Access your funds anytime by ATM, EFTPOS, internet banking, phone banking and ASB branches.
  • Only pay interest on the funds you use.

Is it right for my business?

A revolving credit facility is the next step up from an overdraft and works well if you have suitable security (property or business assets) and want to maintain a larger ongoing credit limit to suit the size of your business or farm.

Key features

A revolving credit facility is like a complete banking package that provides an all-in-one transaction account, overdraft and lending facility. We have three options you can consider, depending on your business or farming needs.

Commercial Flexible Finance Facility

A Commercial Flexible Finance Facility is designed to help small to medium sized businesses (where residential property is the main security) with things like cash flow fluctuations.

  • Credit limits between $50,000 and $750,000.
  • Debit interest:  Calculated daily at the Housing Variable interest rate, plus a margin, and charged monthly.

Business Credit Facility

A Business Credit Facility could be an option if your business has larger funding requirements. It’s designed to help larger businesses simplify funding into one facility that can be accessed and repaid at any point.

  • Credit Limits: Limits for this facility start from $500,000.
  • Debit interest: Calculated daily at a Floating Corporate Indicator rate, plus a margin, and charged monthly.

Rural Credit Facility

High cash flow requirements and seasonal demands are part of life on the farm. If you have larger funding requirements a Rural Credit Facility could help you smooth out the ups and downs, and plan ahead.

  • Credit Limits: Limits for this facility start from $500,000.
  • Debit interest: Calculated daily at a Floating Corporate Indicator rate, plus a margin, and charged monthly.

Next steps

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ASB’s lending criteria and terms apply. Establishment, Line and Undrawn fees may apply.
Specific terms and conditions apply for the products and services referred to on this page.
References in loan documentation to Commercial Credit Facility are to be read to be Business Credit Facility and vice versa.
Business and Rural interest rates and fees.

Business term loans Revolving credit facility