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Credi has a Solution for small business owners (and investors) that provides protection for monies that they lend to their business where the the money varies over time, as opposed to a fixed amount over a fixed period.

Example 1 – A business owner is paying for a number of businesses expenses on their personal credit card and until the business repays this the business owner is lending this varying amount to the business

Example 2 – A business owner has and is putting their own (or other entity) money into the business on an adhoc basis, repayments of loaned money also occurs on an adhoc ongoing basis.

In both these examples a loan agreement that documents and accommodates a loan amount that varies over time.

This Credi ‘Line of Credit’ agreement covers and accommodates this situation with:

  • A maximum amount for the ‘line of credit’ is specified
  • The term of the agreement is specified with all outstanding monies to be repaid by this end date.
  • Interest for the variable amount is set to Zero % this is because the practicalities of accurately tracking monies in and out over time and the balances owing are not possible at this time. For interest bearing loans for a specified amount and time see out standard loan agreement product.
  • A loan that is properly documented allows a security interest to be registered with the PPSR.

Find out more or enquire at Credi’s ‘Business Owners Protection’ Solution

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