Yes, they can be applied to your loan at anytime without penalty.
No, there are no fees for early payout.
By applying for a credit facility limit using a simple to complete Application Form. One of our experienced Account Managers will take you through the approval process, so you will only need to deal with one person at all times. Approved customers will be given a credit limit (from $50,000 to $500,000) which can be drawn to purchase equipment whenever required. Any funds that are not used will not incur any fees or charges. If the credit limit is reached and you require additional funding, a quick review and minimal information is required for us to approve an increase.
When you want to draw down your funds you can do this in two ways. Firstly, when you send us the supplier’s invoices we can pay them on their behalf. Alternatively, you can pay these invoices yourself and then we can reimburse you for these purchases. These payments are usually actioned within 24 hours so there is minimal delay in getting funds to you or your supplier.