Business Loan

We offer a comprehensive range of unsecured and secured commercial/ business facilities tailored to suit your needs, including:

• Overdrafts.
• Lines of Credit.
• Fixed and variable rate interest only loans.
• Fixed and variable rate principal and interest loans.

How to apply
Applying for a loan is easy! Contact us today by phone on 1300 360 744, email us, or call into your nearest Southern Cross branch where our staff can assist you with your loan application or just provide helpful advice.

Southern Cross Credit Union also has two Business Development Officers covering our 10 branch locations.

In the northern region is Steve Distant, who has been in the finance industry since 1992, and working as a Loans Officer and Team Leader with the Credit Union since 2001.

Steve is based at the Tweed City Branch, just beside Big W, but is also mobile and able to visit your home or business at almost any time that suits you to discuss your plans. So whether for personal, home or business purposes, call him on 0401 036 535 and he will be pleased to assist you.

The southern region of our network is serviced by our Southern Business Development Officer, John Bryant. Born and bred in Lismore, John was still a teenager when he began his career in the finance industry over 30 years ago, spending time working all around NSW. He is now back residing in the Northern Rivers and able to talk to you about how the Credit Union can assist you with all your financial needs.

John is based in our Ballina Branch located at Ballina Fair but is mobile all around the Northern Rivers and able to discuss your plans at your home or business at almost any time that suits you. He can be contacted on 0422 589 469 to talk about home personal or business finances.

To assist with the processing of your application we would need the following information:

• Financial statements which include your personal and business tax returns, profit and loss statements and balance sheets.
• Cash flow forecast and/or business activity statements may be required.
• Your current bank statements. (loans, savings, credit cards etc)

Terms and conditions, fees and charges are available on application.

Business Loan Plus

Southern Cross Credit Union’s Business Plus is a loan package catering for business purposes. It is a hassle free package with a continuous line of credit. Your loan interest is calculated daily and your business credits or any additional deposits are deducted from your outstanding balance that day. This will immediately reduce the interest calculation and save you money. Interest is charged to your account on the last day of each month.

Some features are as follows:

• A continuing credit facility, which is secured by registered first mortgage on a residential property.
• Must only be used for business purposes.
• Visa Card access available.
• Cheque book facilities are available.
• Business credits are to be deposited to this facility.
• If you have internet access then our Internet banking product, NetBanking is to be established.
• Competitive loan rates are available on application.

Terms and conditions, fees and charges available on application.

Car Loans and Leasing

Leasing is a tax effective means to finance vehicles and equipment for business purposes, whilst preserving working capital with no large initial outlay.

The process is easy and the financial services company can tailor finance packages to individual needs taking into consideration taxation benefits, cost effectiveness and the most suitable vehicle requirements.

Simply ask your local SCCU loans officer for an obligation-free quote and to find out more about your total financial solution package.

Terms and conditions, fees and charges apply.