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Revised higher or lower as needed
Based on current open invoices
Interest rate per annum
Up to 80% of eligible Accounts Recievable value will be made available for drawdown.
Proceeds from your selected debtors are to be directed into a Waddle managed bank account, created in your company name.
Interest is calculated daily on your outstanding balance and applied to your loan balance monthly.
Registered security interest over the assets of the company.
There are no minimum term or usage commitments.
Company director's to guarantee the facility.
A one time charge based on your facility limit, covering Waddle's account setup and legal costs.
Calculated on funds drawn (not invoice value). Added to your balance at time of drawdown.