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Wholesale AutoFinance Facility

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