Wholesale AutoFinance Facility
Loan Description
Overview
Wholesale auto-finance facility to purchase additional car stock for rent to buy business
Amount
$1,000,000
Collateral
Used Vehicles under lease arrangements
Use of Funds
Purchase additional vehicles
Term
12 months
LVR
100% of vehicle value
Interest Rate
8% per annum
Date
15 Dec 2017
Status
Completed
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Size
$1,000,000
Indicative Interest Rate
8% per annum
Date
15 Dec 2017
Status
Completed