OTAVIC PARTNERS Limited
Finance - Commercial
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Finance - Commercial
OTAVIC PARTNERS Limited for Import Finance.
For Example
1. IMPORT TRADE FINANCE Continuous Lines of Credit with 120 day
terms*
from $250,000 to $7,000,000. Used 3 times a year means you can
import $750 000 to $21,000,000 annually.
* Note 60 days are Interest free and the annual interest rate on the remaining 60 days is less than 8.5% p.a. ( cal on a p.a. basis) This is why the NZ based Banks can not complete
2. Usually UNSECURED NO real estate or personal assets apart from
guarantees. In some cases 1st or subsequent GSA , sometimes
makeweigh GSA being operative dependent on a future event eg
receivership or liquidation
3. Comenced in 2008, lent $4B in last 12 months in Australia
4. Cost in first year 20% lower than NZ based Banks generally and then
up to 35% percent p.a. cheaper than Bank
