COMMERCIAL BILLS

A Short or Long-term Answer for Major Cash Needs

Commercial Bills can be an excellent answer when you need a significant injection of cash (above $100,000). Normal terms are from seven to 180 days with a variable or fixed interest rate.

With fixed rate bills, your interest rate remains constant for the term of the facility, which may include several rollovers. With variable rate bills, the interest rate is fixed for each period. If the period is extended or rolled over, the interest rate may vary.

Your commitment is to repay the face value of the Bill at the end of the term of the loan agreement.

Prime Money Matters will source the right product.