Medium-Long Term Business Loans
Many bank lenders charge hefty interest rate penalties for their business purpose loans. A surcharge of 1-2 percent is not uncommon and some overdraft rates are in excess of 12%. Non bank lenders are able to provide business purpose loans at the same rate as owner occupied home loan rates. If you need money for business purposes, why get ripped off by the banks when you can access the equity in your home or investment property at rates around basic variable.