Flexibility for your ongoing needs
Master Limits
financing options for business
25 years of master limit expertise
skip the repetitive loan process with flexibility to meet your needs
A Master Limit allows the customer to access funds quickly and easily. Borrowers only go through the lengthy loan application process one time at the beginning of their engagement with a lender.
The lender will evaluate the borrower’s credit history, the market conditions, risk, and other criteria to determine an overall lending limit. Once that limit is established, the customer can borrow amounts up to that limit on an as-needed basis. There is no need for an application or new agreement each time money is borrowed.
Payments toward the loan are made on a regular basis and include interest payments in addition to the principal amount borrowed. This is similar to the credit limit an individual may have on a credit card.
This financing option is ideal for businesses that have regular, ongoing needs. Many companies use them to purchase equipment, invest in client growth, or support business needs.
As these loans are often unsecured, interest rates do tend to be higher and can vary through the life of the loan. However, they offer incredible flexibility which business owners find useful.
If you are interested in exploring a master limit, give us a call. We are happy to answer questions and give an estimate of your eligibility.
Explore Other Finance Options
There are many unsecured business loans available for when you need those extra funds to fuel your business growth! In many cases, these products are shorter terms, up to 36 months.
A Novated Lease is a three-way agreement between the bank, the customer and their employer. It’s a method of salary packaging your car, where the lease payment is taken from your pre-tax income.
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