Bankwest Commercial

Bankwest Commercial

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Everything you need to know about a Bankwest Commercial Loan

Bankwest has a long history as a regional and later a national bank. It was formed in 1895 as the Agricultural Bank of Western Australia to finance the needs of WA farmers. Since then, the bank has become a nationwide commercial lender, opening their first branch in Sydney in 1985. Bankwest grew to become a successful lender for development loans before the Global Financial Crisis, offering low rates. In the midst of the GFC, Bankwest was sold to CBA, at which point they shifted from a focus on commercial development lending to less risky standard commercial properties. Today they have a variety of commercial financing options, suitable for both new and established businesses.

Key Benefits

  • Competitive rates with secured loans
  • Local branches
  • Flexible overdraft options for business

Drawbacks

  • Strict lending criteria
  • Unsecured loans not as competitive
  • Challenging for businesses that lack established borrowing history

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Bankwest Commercial Loan Products Breakdown

Business Low Rate Loan

  • Funds grow
  • Flexible repayments
  • Free extra repayments

A flexible loan that comes with a low variable rate

A straightforward, competitive commercial business loan with just the right amount of flexibility. This loan product comes with a low-interest rate and the ability to switch from a variable interest rate to fixed. Pay down your loan quickly and then enjoy free access to surplus funds with a free redraw. You can also frame your repayment structure around your cash low. The minimum loan amount is $10,000.

Business FeeSaver Loan

  • Funds grow
  • Flexible repayments
  • Free extra repayments

A variable rate loan that offers flexible features

Save on loan maintenance and bank establishment fees with this variable rate business loan. Bankwest’s Business FeeSaver comes with the same flexible features as their Low Rate loan product – flexible repayment structuring, free redraw, and you can nominate a preferred interest raising date, depending on your anticipated cash flow.

Commercial Advance

  • Avoid uncertainty
  • Flexibility
  • Short term advances

Enjoy the benefits of a tailored market rate loan

A fixed rate commercial loan with flexibility, Bankwest’s Commercial Advance lets you tailor your interest rate terms and use multiple limits within one account. This gives you the opportunity to protect your business from adverse rate movements and set your loan to revolve around your cash flow needs. This loan is for more established businesses with a solid credit history and asset ratio; borrow a minimum of $1,000,000. Loan terms are available for up to five years.

Business Fixed Rate Loan

  • Funds grow
  • Flexible repayments
  • Secure rates

Manage your business’s cash flow certainty

Stabilising your business’s financing expenses can help you to better manage fluctuating profits. Bankwest’s Business Fixed Rate Loan is suitable for small to mid-sized organisations who want to be able to predict their repayments ahead of time. You can fix your rate for up to five years and then keep your account number when you switch to a variable rate – on a date you nominate. Set your repayment timeline around your cash flow with monthly, quarterly, bi-annual and annual options. The minimum loan amount is $10,000.

Business Overdraft

  • Secured/Unsecured
  • Flexible repayments
  • Easy access to funds

Boost your cash flow with a credit facility linked to your transaction account

It’s part of running a business – you never know when opportunities will come up where you’ll need extra cash. With Business Overdraft, you’ll always have the money you need to pay suppliers, bills and employees. You can access funds up to your agreed limit and then repay when you are able to; there are no set repayments. Online banking offers added convenience. You can draw down funds 24/7. Opt for a secured or unsecured overdraft facility, just keep in mind you’ll get a lower rate when you secure your loan with an asset.

AgriOne Overdraft

  • Secured/Unsecured
  • Flexible repayments
  • Easy access to funds

Enjoy overdraft facilities with an agribusiness finance solution

Designed for the needs of agriculture business owners, AgriOne Overdraft provides a flexible source of cash with a minimum amount of $5,000. You’ll always have the financial resources you need to cover expenses, pay suppliers and employees, or to take advantage of a business opportunity. Enjoy the peace of mind that your farm or other agri business is always ready to cope with industry market fluctuations. There are no set repayments and you can access funds anytime either online or through an ATM.

Business Bank Guarantee

  • Earn credit interest
  • Option to have one approved credit limit
  • Security

A Commercial guarantee that provides you with security

Bankwest’s business bank guarantee is versatile and can be used for a range of things, whether it is for building contracts or property leases. This loan works as a surety, where a third party will be provided with a guarantee that assures them that a payment owed by you can be made on demand. There’s no limit on how much can be guaranteed, however the nominated amount will have to be approved by Bankwest. There are a range of features that may assist you further, such as the option to have one approved limit and the ability to earn credit interest from the guarantee.

Business Equity line

  • Minimum credit limit of $10,000
  • Repayments not required until credit limit is fully drawn
  • Immediate access to funds

A line of credit for infrequent large value purchases

The business equity is a flexible line of credit that enables you to make large capital purchases and investments for your business. With this line of credit, you can spend and pay as you like. You can make repayments whenever you need on the condition that you stay within your credit limit. As well as this, you can make up to two free withdrawals a month. With this loan, you won’t have to hesitate to take those business opportunities, as this line of credit will be there to support you.