Finty
Judo Bank

Judo Bank Line of Credit

Line of credit

Need a facility that provides a source of funds to draw as needed? Our Judo Bank line of credit can assist in managing the cash flow of your business. We can assist to meet your working capital needs by allowing drawings and repayments to match your cashflow.

Written byDavid Boyd
Establishment fee
Not published
Monthly fee
Not published
Borrow
$250,000 to $20,000,000

Interest rate a year, from

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Loan details

Rates

Interest rate (a year)
5.22%
Rate type
Variable
Security
Not published
Type of finance
Line of credit

Limits and fees

Loan amount
$250,000 to $20,000,000
Loan term
Not published
Establishment fee
Not published
Monthly fee
Not published

How it compares

Against the other business loans we compare. Typical means the middle half of them.

Most you can borrow

$20,000,000

Typically you can borrow up to $2,000,000.

Pros and cons

Pros

  • One rate for everyone. Everyone approved gets 5.22%, so the rate you see is the rate you get.
  • Room to borrow more. Up to $20,000,000, more than the typical $2,000,000, which can cover bigger costs in one loan.

Cons

  • A variable rate. Your repayments can rise if the lender lifts its rate, though they can also fall.

Similar loans

Business loans of the same kind from other lenders that start at a similar interest rate.