Business solutions

As your business grows and opportunities arise, Bank of Melbourne Corporate and Business Bank can deliver the right finance solutions, rather than simply handing you an off-the-shelf package.

Whether you're looking to restructure or expand your business, overhaul the way you manage your cash flow or you simply need a hand managing your debtors, our Relationship Managers work to make your life easier and add genuine value to your business.

Commercial Overdraft

Fluctuating cash flows can make it difficult to manage everyday expenses. An overdraft gives you the flexibility to draw extra money when you need it.

Our Commercial Overdraft is an everyday transaction account with an approved facility limit that allows fully-fluctuating balances within this limit.

With a pre-approved credit limit, an overdraft can put you in the driving seat to manage fluctuating cash flows and help in a variety of common business situations.

At a glance

• Reduce timing differences between payment of creditors and receipt of money from your debtors
• Pay interest only on the funds you withdraw
• Variable interest rate
• Fluctuating balance with no set repayments
• Access your funds in a variety of ways including cheque, online, telephone banking or via a branch

A Commercial Overdraft can generally be secured by a mortgage over residential or commercial security and in some cases, other supporting security. To find out more call 13 82 66 for more information.

 Fixed Rate Loans

A fixed rate loan is a way for you to obtain finance for your business, with the added security of always knowing what your payments will be. It makes budgeting easier, because your cash flow forecasting and planning can be completed without the added pressure of managing fluctuations in the interest rate.

You can use your residential property as security and access lower interest rates.

At a glance

• Various repayment options
• Interest rate and payments fixed for the term of the fixed interest period, eliminating the risk of interest rate volatility during that period.

A fixed rate loan can be structured on an interest only basis or principal and interest fully amortising basis. Please contact your Relationship Manager, or call 13 82 66 for more information.

Variable Rate Loans

If you're looking for a more flexible interest rate option then a variable rate loan could be just the answer. That's because over the life of your loan, you might benefit from a downward movement in interest rates. You can use your residential property as security and access lower interest rates.

At a glance

• Flexible repayment terms
• Interest rates aligned to market movement
• You can make additional repayments, without incurring penalties
• Option for progress drawdowns on eligible loans.

A variable rate loan can be structured on an interest only basis or principal and interest fully amortising basis. To find out more call 13 82 66 for more information.

Bank Guarantee

Bank Guarantees ensure you don't have to provide cash deposits upfront. Additionally, your obligation is guaranteed by Bank of Melbourne Corporate & Business Bank. This way you avoid any impact on your business’ cash flow.

At a glance:

• Guarantee your payments to another party
• Free up your working capital for other investment or growth opportunities

To find out more call 13 82 66 for more information