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The Commonwealth Bank Agribusiness Line of Credit

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The agribusiness line of credit facility from the Commonwealth Bank is specifically designed to help agribusiness clients with business expansion and investment.

The Commonwealth agribusiness line of credit accounts for the changing nature of the agricultural industry. It enables users to access their funds within an approved limit without needing to renegotiate the facility or contact an agribusiness manager.

The agribusiness facility offers users an easier-to-manage seasonal cash flow, allowing them to make repayments at their own pace and redraw funds up to the approved limit at any time.

By combining lending and transactional capabilities in one account, the Commonwealth agribusiness line of credit makes funds accessible electronically as well as via branches or by cheque, meaning that withdrawals can be made and bills can be paid whenever is convenient.

The agribusiness line of credit is an interest-only facility with no set term (known as ‘evergreen’). The long-term debt facility offers competitive interest rates and a line fee payable on the approved limit. Users can opt to have interest charged at custom intervals and can capitalise the interest on the facility for up to two years (subject to approval and conditions.)

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