Alphacon Line
Staged spend, staged capital - your client pays interest on what they've drawn.
Indicative terms the same business day. No accreditation needed to submit.
From
9.49%
Draw-only interest
- Facility
- $200K - $10M
- Term
- 6 - 24 months
- Interest on
- Drawn funds only
Reach for it
Interest on what's drawn, not what's approved.
Where the money goes out over months rather than at once - mobilisation, progressive stock, a staged fit-out - a term facility charges your client for capital sitting idle. Line does not: interest runs on the drawn balance only.
Say so at submission and we will structure it this way from the start, rather than repricing a lump-sum facility that no longer fits.
- Capital drawn in stages over the term, not on day one
- Construction, fit-out, mobilisation or progressive stock
- A client who would carry idle interest on a term facility
- Metro security, first mortgage
Rate card
What your client pays
- Establishment fee
- From 1.65%
- Loan management fee
- From 0.15% per month
- Risk fee
- Applies, see schedule
- Drawdown fee
- $1,000 per drawdown
Risk fee runs 0.40%-0.70% of the loan depending on security, $1,980 minimum. Clean enough and we will move the deal to Alphacon Bridge and drop it entirely.
Full schedule across the panelWhat credit will and won’t do
- Facility
- $200,000 to $10,000,000
- Term
- 6 to 24 months, extendable
- Max LVR
- 75%
- Mortgage position
- First mortgage only
- Interest charged on
- The drawn balance, not the limit
- Drawdowns
- Staged, with a fee per drawdown
- Credit score
- Not assessed
- Location
- Capital cities and select metro areas
Indicative from 9.49% p.a. Every facility is subject to credit assessment, a panel valuation and satisfactory security.
Placing it
A few sentences gets you a position.
Send the scenario
Security and address, the number, the dates, the exit. Email it, call it in or send it through the form - a light touch either way, and no accreditation to clear first.
Credit reads it
Not a queue. An indicative position the same business day, and a straight answer on where it prices if it isn't here.
You keep the client
We deal with your client on this transaction only. No cross-sell, no retention calls, commission disclosed up front.
Ready to place one?
Send the security, the number, the dates and the exit. You will have an indicative position the same business day.
Questions
Alphacon Line, answered.
When is Line the right call over a term facility?
Whenever the spend is staged. On a twelve-month facility drawn in thirds, the interest saved on undrawn funds is usually the difference between a deal that works for your client and one that does not.
How are drawdowns handled?
Requested against the schedule agreed at settlement, with a fee per drawdown. Set the schedule to the real spend profile at submission - restructuring it mid-term is possible but it costs your client time.
Can it be extended?
Yes, assessed on the same basis as the original facility. Come to us before the repayment date, not after - it is a far shorter conversation while the file is performing.
Do you take a General Security Agreement as well?
No. Security is a first registered mortgage over the property. We do not register a general security agreement over the borrower, so an existing debtor finance or equipment facility is not disturbed.
Can Line run as a working capital business loan?
Yes, and it is the common use. Where the spend is staged - mobilisation, stock, a fit-out - Line runs as a business working capital line of credit, with interest charged on the drawn balance only. The full credit position sits on the working capital scenario page.
If not this
Your deal deserves a decision-maker.
Security, the number, the dates and the exit - that is the whole submission. A light touch to send it, no call centres, a straight answer the same day.