Line of Credit

A revolving facility up to $5m funding both payables invoices and general working capital – drawn as you need it, repaid as your cash cycle allows.

Up to $5m
Revolving facility
Payables and working capital under one limit
Cash
General working capital
Wages, ATO and operating costs
100%
Advance on payables invoices
Domestic and international suppliers
Flexible
Repayment structure
Monthly interest only, principal at term

A Revolving Line for Payables and Working Capital

A Fifo Capital Line of Credit is a revolving facility that funds two things under one limit: the payables invoices your business carries ahead of payment, and general working capital for the costs that keep it running.

It covers the gap between paying for goods or delivering the work and getting paid for it. As advances are repaid, the limit becomes available again.

Security is director guarantees and a general security agreement, with a first or second mortgage where the transaction requires it.

We fund businesses like yours

Send us the deal. We'll work out the structure.
You’ll need:
  • Active ABN or ACN, operating 12+ months
  • Supplier invoices or operating costs to fund
  • Cash flow that supports the facility
One facility, two portions

What the line funds

General working capital

Cash drawn for the costs that keep the business running: wages, ATO commitments, contractor payments and other operating expenses. It is not tied to a particular invoice or supplier, so it can be used where the need actually sits.

The working capital portion is available where the deal supports it and is sized at credit approval. It revolves on interest-only terms and is considered at each facility review.

Payables invoices

We settle supplier invoices in full, domestic and international, so suppliers are paid on time and the relationship holds.

Where the cash conversion cycle needs it, extended terms of up to 210 days from invoice issue date can be set on this portion, so repayment lines up with when the business is actually paid.

View More
$1.5m Facility
Fund stock purchases and shop fitout.
View More
$200k Facility
Fund supplier orders and general working capital during long service delivery cycles.

Our line of credit features

Up to $5m
A revolving facility with payables and working capital under one limit.
Cash For Working Capital
Wages, ATO commitments and operating costs, sized at credit approval where the deal supports it.
100% Advance On Payables
Supplier invoices settled in full, domestic and international.
Terms To 210 Days
Extended terms on the payables portion, matched to your cash conversion cycle.
Interest Only Monthly
Interest is paid monthly during the term, with the principal repaid at the end of it.
Repay Early, Reuse The Line
Interest is charged daily on the outstanding balance only. Repay ahead of term at no additional cost and that capacity is free to draw again.

How our Line of Credit works

We size the facility around your cost base and your cash conversion cycle
Step 1.

We review the business, the costs it carries ahead of payment and the cash conversion cycle, then size the facility limit and the working capital portion.

Step 2.

The facility is established and advances are drawn as you need them, either to settle supplier invoices or as working capital.

Step 3.

Interest is paid monthly and principal at the end of the term. As advances are repaid, the limit becomes available again.

See how we’ve helped thousands of Australian SME businesses grow

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How a line of credit can help your business

Funding at the top of the cash conversion cycle, not once the cost has become a receivable and it is too late.
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Suppliers paid before customers pay

An import-led or supplier-heavy model where goods are paid for well before the revenue arrives. The margin is there; the timing is not.

Key benefits

  • Suppliers settled in full, domestic and international
  • Extended terms available to match the cash cycle
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Wages, ATO and operating costs

Costs that fall due on their own schedule and cannot wait for a debtor to pay. The working capital portion covers them as cash, not against a specific invoice.

Key benefits

  • Drawn as cash where the need actually sits
  • Sized at credit approval, available where the deal supports it
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Seasonal purchasing spikes

Demand that concentrates into part of the year, where buying through the peak means committing cash months before it comes back.

Key benefits

  • Headroom to buy through demand rather than around it
  • Revolves, so the limit is there again once repaid
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Overdraft reliance to reduce

A facility that is permanently drawn and never quite clears. A line sized to the actual cost base takes the pressure off it without replacing the bank.

Key benefits

  • Sits alongside existing bank arrangements
  • Interest only during the term, principal at the end of it

Award-winning business finance

Get the funds you need, when you need.
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Whether you’re a small business, an ASX listed company, or something in between — we can help you maximise the potential of your businesses assets using our innovative, smart and easy to establish finance options.

What type of finance is best for your business?

Different businesses have different needs.

Our team will partner with your business, to help identify the best type of business finance for your needs.

We are committed to providing you with the funding you require promptly and transparently, without any hidden costs or complications.

Drawing upon the best aspects of conventional lending, we have enhanced our services to offer faster processing times, flexible terms, and favourable facilities for businesses with healthy financials.

Our solutions cater to businesses with various financial requirements, whether you need immediate cash flow assistance or professional guidance to advance your business finances.

We'll work with you to provide the funding you need, when you need it.

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Finance that's built for your business

A specialist lender, not an off-the-shelf product. If the deal doesn't fit a traditional box but the business, security and exit make sense, we listen to the client's story and structure the right funding around the deal.

Where Fifo fits best

  • ✓Second mortgages
  • ✓An ATO liability to manage
  • ✓Working capital gaps
  • ✓Equity release from property
  • ✓Bridging transactions with a clear exit
  • ✓An acquisition to fund
Product detail

The parameters, in full

Facility amount Up to $5m
Type Revolving line of credit
Payables portion 100% advance on supplier invoices, with extended terms up to 210 days from invoice issue date
Working capital portion Cash for wages, ATO and operating costs. Available where the deal supports it, sized at credit approval
Coverage Domestic and international
Security Director guarantees and a GSA. A first or second mortgage may be required
Repayment Monthly interest only during the term, principal repaid at the end of the term
Review The facility is reviewed periodically on performance

Transaction fees and line fees apply. All facilities require an assets and liabilities statement and Director ID and KYC verification. Indicative parameters only; all facilities are subject to individual credit assessment and approval. Establishment, mandate and applicable transaction, line and third-party fees apply and are disclosed on offer.

Everything above, in a one-page summary you can send on or take into a client meeting.

Download the Line of Credit guide

Frequently asked questions

What is a line of credit?

A revolving facility that funds the costs your business carries ahead of being paid. It covers supplier and payables invoices, and general working capital such as wages, ATO commitments and operating expenses, under a single limit. As advances are repaid, the limit becomes available again.

What can the working capital portion be used for?

It is drawn as cash rather than against a particular invoice, so it can fund wages, ATO commitments, contractor payments and other operating costs. It is available where the deal supports it and is sized at credit approval.

How is the working capital portion sized?

At credit approval, based on serviceability and the risk profile of the business. It sits as a portion within the total facility limit rather than as a separate facility, and it is considered again at each facility review.

How long are the terms, and how often is the facility reviewed?

The working capital portion revolves on interest-only terms of up to 12 months. The facility as a whole is reviewed periodically on performance, and the outcome of that review determines whether the limit and the portions within it are maintained, increased or reduced.

How do the extended terms on payables work?

Where the cash conversion cycle requires it, terms of up to 210 days from invoice issue date can be set on the payables portion. The supplier is paid in full up front and repayment is timed to line up with when the business is paid.

Can the line sit alongside my existing bank facilities?

Yes. The facility is designed to work alongside existing bank arrangements rather than replace them, and is often used to take the pressure off an overdraft that stays permanently drawn.