Local Governments need a flexible finance mix that reflects the ups and downs of your cash flow.

To operate smoothly in the short term, Local Governments need a steady and reliable flow of cash, while in the medium to longer term finance is needed to fund community projects and infrastructure development. We have a range of short, medium and longer term funding alternatives that can be aligned to your organisation's specific needs.

Your Local Government Needs Solutions
Short Term Finance Overdraft Facility
  • Balancing uncertain / seasonal cash flows with committed expenditure.
  • Provides your council with the liquidity it needs.
  • Working capital to meet commitments to the community.
  • No minimum and the limit is negotiated between the individual Local Government and the Bank.
  Principle Range Advantage
 
  • Provides the protection of a fixed interest rate with the flexibility of a fluctuating loan balance within a predetermined range.
Medium / Long Term Finance Local and Semi Government Loans
  • Flexible finance on attractive terms.
  • Loan terms up to 30 years for infrastructure funding such as drainage and sewerage and 20 years for other expenditure with variable or fixed rates.
  • Finance for infrastructure development.
  • Structure loan payments to meet the council need either as interest only or amortising over a specific term.
  Bill Financing
 
  • Provides the council the ability to utilise a variety of other interest rate hedging options to protect adverse movements but provide greater flexibility (subject to individual State Legislation).
  Equipment Finance*
  • To update equipment Local Governments need finance that doesn't tie up capital.
  • Suite of Equipment Finance products specifically designed to meet Local Governments asset financing such as:
    • motor vehicles
    • IT equipment
    • heavy equipment such as earthmoving, garbage refuse trucks and road marking equipment
    • variety of other assets including mobile garbage/recycle bins, recycling equipment etc.
  Structured Finance Facilities
 
  • Provides a wide range of options for councils to undertake large infrastructure projects without tying up capital and impacting on balance sheet structure and ratios.
Other Financing Facilities Bank Guarantees
  • Assist council to perform large external works projects.
  • Provides council the ability to provide guarantees to contractors for external works projects without committing large amounts of capital as bonds.

Applications for finance are subject to credit approval. Fees and charges apply.
* Some tax issues may not be applicable to Local Governments

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