What is the GetCapital International Line of Credit?
Our Line of credit is a simpler alternative to traditional trade finance. It is a line of credit that can be used pay suppliers
overseas, enabling businesses to take possession of goods and turn them into cash before having to fully pay for the stock.
We finance 100% of the invoice for you and the limit can be used repeatedly.
How much can my business borrow?
The Credit Limits are available up to $300,000 AUD and individual transactions start at $5,000 AUD per supplier.
What percentage of the invoice value can be financed?
We finance 100% of the purchase price.
How long does it take to access funds?
Our Line of Credit can be approved and ready to use in as little as 24 hours from all loan documents being submitted.
For each transaction, the funds take approximately 3-5 days to reach the overseas suppliers.
What type of goods can be purchased using the GetCapital Line of Credit?
Our Line of Credit can be used for almost any raw materials and finished goods.
Can the Line of Credit be used to pay domestic suppliers?
No. The International Line of Credit can be used only to pay overseas suppliers however our Flexible Business Loan,
which is for any business purpose, can be used pay local suppliers in Australia.
Is the Line of Credit available in other currencies?
The facility is in AUD however we transfer funds in the currency of the supplier, such as USD, GBP, CNY and NZD.
When does the Line of Credit need to be repaid?
Scheduled weekly repayments are based on a 7 month term however the facility can be repaid and reused as a revolving line of credit.
What documents are needed to set up the facility?
To set up the Line of Credit we require a completed application form, 6 months of bank statements and in the case
of loan of $100,000 or more, we will require a copy of the APO portal and recent Financial Statements.
What documents are needed for each supplier transaction?
A supplier invoice and a completed Transaction request Form is all that’s needed for each supplier transaction.