Line of Credit
Keep your business moving forward
Borrow between $2,000 – $250,000
Repay over 6 months or 12 months
Only pay interest on what you use
What is a line of credit?
A line of credit is an available balance of cash that you can draw upon at any time.
Cash when you need it
Access a line of credit up to $250,000. This is available cash that you can draw on when, or if, you need it.
Only pay for what you use
You only pay fees when you draw down on your available cash. Draw down as little as $1,000 at a time.
Redraw again and again
Any balance you repay is returned to your available balance. You can draw on it over and over again.
No assets as security
A Propell line of credit is unsecured – meaning you don’t have to use any of your valuable assets as security or collateral.
Cash when you need it
Access a line of credit up to $250,000. This is available cash that you can draw on when, or if, you need it.
Only pay for what you use
Redraw again and again
Any balance you repay is returned to your available balance. You can draw on it over and over again.
No assets as security
A Propell line of credit is unsecured – meaning you don’t have to use any of your valuable assets as security or collateral.
What do you need a Line of Credit for?
Grow your business
A line of credit can be a really flexible option when it comes to wanting to grow your business, especially if you want to approach growth in stages, and build slowly. You can have access to your full available credit amount, but only draw on what you need, when you need it. And only pay interest in the part you need too. Grow your business on your terms.
Grab opportunities
You never know when the next opportunity is going to come along, but having an available balance of cash available if you need it, means you don’t need to miss out on them when they do. Perhaps it’s a bond on your new dream premises that’s just become available, or perhaps a big contract you need to outlay for materials in order to accept it.
Fill cashflow gaps
Every business has its ups and downs when it comes to cash flow. Cash flow gaps don’t usually mean its not a great business, it simply means there is a time difference between when money comes in and when it goes out. Get smarter about how you manage your cash flow and fill those cash flow gaps when they arise with a line of credit.
How does Propell work?
"Great, easy to use service. It seriously could not have been easier to apply. Will be using this service again and again."
"Great, easy to use service. It seriously could not have been easier to apply. Will be using this service again and again."
Mario – AC Markets
It’s easy to get started
1.Apply in less than 10 minutes. No paperwork.
2. Get feedback on the health of your business.
3. Get access to the products that suit your business cash flow.
1.Apply in less than 10 minutes. No paperwork.
2. Get feedback on the health of your business.
3. Get access to the products that suit your business cash flow.
Line of credit vs traditional loans
Here’s how a line of credit compares to some of the other options available for small business owners.
Propell Line of Credit
No annual fee
Cash, not credit
Pay interest only on what you use
Considers business activity, not personal credit history
Fast online application
No rewards program
Traditional bank loan
Cash, not credit
Full amount is interest bearing
Small businesses can find it hard to get approved
Lots of paperwork
Ongoing fees
No rewards program
Bank overdraft
Cash, not credit
You need to go into the bank to apply
No set repayment schedule
Credit Card
Rewards program
Fast application
Great if you can repay full monthly amount
Annual fee
Usually lower limit than other options
Credit, not cash
