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2 years later...

Gunner's Consulting has been very successful and is looking to expand their operations by acquiring a number of other businesses.

Gunner's Consulting has requested a $6m revolving facility to assist in the acquisition of these businesses. They would like the flexibility to draw and repay the facility in line with their business cycle.

Based on your understanding of Gunner's needs, which product would you recommend?

If you need a hint click on each icon. Then select the most appropriate option and click ‘Submit’.

Lino

Product

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Consider a medium to long term revolving facility that offers the client flexibility and allows the business to use the facility for expansion/investment purposes.

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Pricing

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Pricing for a revolving facility will include:

  • an establishment fee to set up the account,
  • an interest rate based on our cost of funds, and
  • a line fee on the overall limit which ensures they can have access to their money 24/7 and also covers things such as capital charges and operating costs.
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Process

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Given the client requires a new product, a full CCL application must be completed in this scenario.

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