Flexible Drawdown Loan
AWB Flexible Drawdown Loan gives you ultimate control of your cash flow through a line of credit facility, so that you can access funds whenever it suits you and make repayments as required.
Key Features
- A Line of Credit Facility allows you to match drawdowns to your cash flow requirements
- Credit limit calculated at up to 90% of Nominated EPR#, less estimated costs
- Over the past two seasons, provision of Dynamic Top Ups** have given growers access to more funds earlier than ever before
- An underwritten loan at competitive rates (some exclusions apply)*
- Drawdowns and/or loan repayments can be made at any time
- No application fees or security required
- Requires no third party involvement - simply deliver to AWB
- Through AWB FDL Online, you have the capability to request loan draw downs online
Treatment of GST
Drawdowns under the AWB Harvest Loan and AWB Flexible Drawdown Loan accounts are not subject to GST. Growers may however incur a GST liability in respect of AWB National Pool Distributions. We suggest you make adequate provisions to meet any GST obligations as they occur.
For more information call the AWB Grower Service Centre on 1800 054 433, contact your local Grain Marketer, or visit your nearest Landmark outlet.
For more information download the AWB Flexible Drawdown Loan Fact Sheet (PDF 86 Kb)
Download 2007 AWB Harvest Finance & National Pool Terms and Conditions (PDF 255 Kb)
† You should seek independent financial, legal and taxation advice before you select an AWB Harvest Finance option. Please refer to the current AWB Harvest Finance National Pool Payment Options booklet for the full terms and conditions and for more information about these options. AWB Harvest Finance Limited ABN 28 102 469 303.
# Nominated Estimated Pool Return (NEPR) is usually set in early November for all available AWB National Pool pay grades. The NEPR is the benchmark from which AWB Harvest Finance options are calculated. The NEPR applies to the following options: Harvest Loan; Flexible Drawdown Loan; and Advanced Payment.
*Underwriting does not apply if you are in default or where distributions are insufficient to pay out encumbrances or grower liabilities.
** Past performance is no guarantee of future return.
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