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Get a bridging finance facility to release working capital

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Get cashflow funding options to help growth

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Business Loan Solutions Guide

We've got the know-how and the resources to help you smooth out the deal process, so your clients can access funds when they need them most.

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Solutions Guide

Banjo Business Loan Express

Banjo Business Loan Excel

Banjo Business Loan Flexi 

Banjo Business Loan Bridge

Description

Access funds quickly to realise a growth opportunity

Unlock cashflow to give growing business a boost

Fund a seasonal period of reduced cashflow

Release funds now ahead of a future cash inflow

Loan amounts

$20k-$250k

$250k-$2m
Up to $5m across related ABNs

$20k-$1m

$20k-$1m

Loan terms

6 or 12 months

12, 18, 24 or 36 months

12 or 16 months

2-6 months

Repayments

Weekly or fortnightly

Weekly, fortnightly or monthly

Weekly, fortnightly or monthly, up to 4 months interest-expense-only

Weekly, fortnightly or monthly, interest-expense-only, principal paid at maturity

Minimum Application Requirements

$20k-$250k

12 months linked bank statement data + ATO portal statements (ITA, ICA and Super Guarantee)

$250k-$500k

As above + 2 years accountant prepared financials + year-to-date management accounts + latest BAS

$500k-$1m

As above + aged debtor and creditor listings

$1m-$2m

As above + corporate structure chart + cashflow forecast + director statement of position

Minimum Security

$20k-$250k

Director Guarantee/s

$250k-$2m

As above + General Security Agreement (GSA) + Caveat / 2nd Mortgage for tiers where property backing may be required

Indicative Pricing Structure*

AAA

AA

A

BB

B

C

Annual Percentage Rate (APR)

13.95%

18.95%

22.95%

26.95%

29.95%

34.95%

Simple Annual Rate (for 12 month loan term)

7.40%

10.14%

12.35%

14.59%

16.29%

19.15%

Qualifying Criteria

Annual turnover

$10m+

$5-10m

$2.5m-$5m

$500k-$2.5m

Time in business

5+ years

2+ years

Equifax score

850

750

700

650

600

550

Property backed

Required

Not required

Excluded industries

Property Developers, Pre-Farmgate Agribusiness, Utilities, Mining, Metal or Explosive Manufacturing, Taxi & Ride Share, Tobacco, Nightclubs, Adult, Gambling Activities and Not for Profit

Credit Criteria

Credit history

Clean credit history

Minimal or immaterial derogatories

Some derogatories

Bank statements

No dishonours past 12 months

No dishonours for past 3 months

Some dishonours

ATO portal

No ATO arrears

Manageable arrears with payment plan in place

High cost lenders

None within last 12 months

Minimal


The rates and criteria above are indicative only. Unless stated otherwise the interest expense is charged as a fixed fee which accrues upfront and is payable in graduated instalments. If the criteria are not met, a loading of up to 5% to Annual Percentage Rate (APR) applies at Banjo's discretion.

Fees & Charges*

Origination fee

A base amount equal to the Referral Fee (used to pay the Referral Fee see below).
Add ons: +2% for Flexi, +3% for Bridge

Early repayment fees

Express and Excel: No early repayment fees apply**

Flexi and Bridge: Early repayment fees apply***

Other fees

Other fees and charges may apply, for example direct debit dishonour fees and costs relating to registration of securities.

**The borrower only pays a pro rata of the instalment of the interest cost for that payment period.

***The borrower will pay the NPV of the remaining instalment of the interest cost using a discount rate of 20%.

Referral Partner Commissions

Referral fee

0-4% of the net new loan amount for new and returning clients, as agreed with the Referral Partner, charged to the client as an Origination Fee. 

Payment 

Referral fees paid weekly following the settlement of the loan.

Solutions Guide

Description

Loan amounts

Loan terms

Repayments

Banjo Business Loan Express

Access funds quickly to realise a growth opportunity

$20k-$250k

6 or 12 months

Weekly or fortnightly

Banjo Business Loan Excel

Unlock cashflow to give growing business a boost

$250k-$2m
Up to $5m across related ABNs

12, 18, 24 or 36 months

Weekly, fortnightly or monthly

Banjo Business Loan Flexi 

Fund a seasonal period of reduced cashflow

$20k-$1m

12 or 16 months

Weekly, fortnightly or monthly, up to 4 months interest-expense-only

Banjo Business Loan Bridge

Release funds now ahead of a future cash inflow

$20k-$1m

2-6 months

Weekly, fortnightly or monthly, interest-expense-only, principal paid at maturity

Minimum Application Requirements

$20k-$250k

12 months linked bank statement data + ATO portal statements (ITA, ICA and Super Guarantee)

$250k-$500k

As above + 2 years accountant prepared financials + year-to-date management accounts + latest BAS

$500k-$1m

As above + aged debtor and creditor listings

$1m-$2m

As above + corporate structure chart + cashflow forecast + director statement of position

Minimum Security

$20k-$250k

Director Guarantee/s

$250k-$2m

As above + General Security Agreement (GSA) + Caveat / 2nd Mortgage for tiers where property backing may be required

Indicative Pricing Structure*

AAA

AA

A

BB

B

C

Annual Percentage Rate (APR)

13.95%

18.95%

22.95%

26.95%

29.95%

34.95%

Simple Annual Rate (for 12 month loan term)

7.40%

10.14%

12.35%

14.59%

16.29%

19.15%

Qualifying Criteria

Annual turnover

$10m+

$5-10m

$2.5m-$5m

$500k-$2.5m

Time In Business

5+ years

2+ years

Equifax score

850

750

700

650

600

550

Property backed

Required

Not required

Excluded industries

Property Developers, Pre-Farmgate Agribusiness, Utilities, Mining, Metal or Explosive Manufacturing, Taxi & Ride Share, Tobacco, Nightclubs, Adult, Gambling Activities and Not for Profit

Credit Criteria

Credit History

Clean Credit History

Minimal or immaterial derogatories

Some derogatories

Bank Statements

No dishonours for past 12 months

No dishonours for past 3 months

Some dishonours

ATO Portal

No ATO arrears

Manageable arrears with payment plan in place

High cost lenders

None within last 12 months

Minimal

*

The rates and criteria above are indicative only. Unless stated otherwise the interest expense is charged as a fixed fee which accrues upfront and is payable in graduated instalments. If the criteria are not met, a loading of up to 5% to Annual Percentage Rate (APR) applies at Banjo's discretion.

Fees & Charges*

Origination fee

A base amount equal to the Referral Fee (used to pay the Referral Fee see below).
Add ons: +2% for Flexi, +3% for Bridge

Early repayment fees

Express and Excel: No early repayment fees apply**

Flexi and Bridge: Early repayment fees apply***

Other fees

Other fees and charges may apply, for example direct debit dishonour fees and costs relating to registration of securities.

**The borrower only pays a pro rata of the instalment of the interest cost for that payment period.

***The borrower will pay the NPV of the remaining instalment of the interest cost using a discount rate of 20%.

Referral Partner Commissions

Referral fee

0-4% of the net new loan amount for new and returning clients, as agreed with the Referral Partner, charged to the client as an Origination Fee. 

Payment 

Referral fees paid weekly following the settlement of the loan.

Our commitment to you

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* Disclaimer: Fees, lending criteria, terms and conditions apply (including an origination fee on each advance). Actual fixed fee (or interest expense) and repayments will vary based on your individual circumstances. Advertised rates are subject to change at any time. Fixed fee (or interest expense) accrues upfront and is paid in instalments. While Banjo does not generally take security over assets, director guarantees may be required and a general security deed or other security may be required for larger loans or in respect of some loan types. Statements regarding timing in relation to applications, approvals and funding are only indicative. Any advice given does not take into account your personal circumstances and you should carefully consider what products are appropriate for you and obtain professional advice where relevant.

Copyright © 2022 Banjo® Loans. Banjo® and Banjo Score® are registered trade marks used under licence by Banjo Loans. All loans are provided by FundIT Ltd ACN 601 130 527 in its capacity as trustee of the Banjo Small Business Loan Fund ABN 32 713 685 984 (AFSL 468033). All loans are subject to eligibility criteria and approval by Banjo. Upfront fee, terms and conditions apply.