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Asset Finance Solutions Guide

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Solutions Guide	Banjo Asset Finance Express	Banjo Asset Finance Excel
Description	Asset finance with less hoops	Flexible and tailored asset finance solutions to help you business move forward
Loan amounts	$20k-$250k	$20k-$2m Up to $5m across related ABNs
Loan terms	12, 18, 24, 36, 48 or 60 months
Repayments	Weekly, fortnightly or monthly
Transaction Types	Dealer, Private Sale, Mid-Term Refinance, Balloon Refinance, Sale & Buy Back, Capital Raise
Asset Types	Primary & Secondary

Minimum Application Requirements	Banjo Asset Finance Express			Banjo Asset Finance Excel
$20k-$250k	12 months linked bank statement data + ATO portal statements (ITA, ICA and Super Guarantee)			2 years accountant prepared financials, year-to-date management accounts, 12 months linked bank statement data, ATO portal statements (ITA, ICA and Super Guarantee) and latest BAS
$250k-$1m	N/A			As above + commitment schedule + aged debtor and creditor listings
$1m-$2m	N/A			As above + corporate structure chart + cashflow forecast

Minimum Security
$20k-$2m	Director Guarantee/s + PMSI over the underlying asset

Indicative Pricing Structure*
Base rate*	9.75%		10.75%		11.75%
Annual turnover	>$5m		$1m - $5m		<$1m
Add-ons	Private sale: 1.00% Sale & buy back: 1.00% Capital raise: 2.00% Loan term of 12 months: 0.50% Secondary asset: 1.00% Adverse credit: 2.00% ATO arrears (overdue and not on payment arrangement for minimum period of 3 months): 1.50% Non-property backed: 1.00% For loans > $1m (per loan or on aggregate): 0.50%
Credit Criteria
Credit history	Generally, paid defaults accepted: Maximum of $5k (related to telecommunications or utility), and no outstanding court actions
Asset age	Primary assets – 20 years Motor vehicles – 15 years Trailers – 25 years Secondary assets – 10 years Medical equipment – 5 years Note: Any asset age outside of the above, please contact your local Banjo specialist
ATO portal	Ideally no ATO arrears or manageable arrears with payment plan in place (assessed on a case-by-case basis)
Valuations	Assessed on a case-by-case basis

Qualifying Criteria	Banjo Asset Finance Express			Banjo Asset Finance Excel
Annual turnover	>$250k			>$500k
Time in business	> 1 year & GST registered			> 2 years & GST registered
Equifax score	>550
Non Property Owners	$20k - $150k: no deposit $150k - $250k: 10% deposit			Deposit assessed on a case-by-case basis
Industries with restrictions	Property Developers, Pre-Farmgate Agribusiness, Utilities, Mining, Metal or Explosive Manufacturing, Taxi & Ride Share, Tobacco, Nightclubs, Adult, Gambling Activities and Not for Profit

Fees & Charges*
Estabishment fee	Dealer, mid-term refinance and balloon refinance: $450 Private sale, sale & buy back and capital raise: $550
Valuation fee	POA – Fee to be paid by the borrower
Early Payout fee	The borrower will pay the NPV of the remaining instalment of the interest cost using a discount rate of 20%
*Other fees, lending criteria, terms and conditions apply (including an establishment fee on each advance). Actual fixed fee (or interest expense) and repayments will vary based on individual circumstances. Fixed fee (or interest expense) accrues upfront and is paid in instalments

Referral Partner Commissions
Loan amount $20k to $75k	Up to 8.00%
Loan amount $75k to $250k	Up to 6.00%
Loan amount $250k to $2m	Up to 4.00%
*Add 0.5% to the base rate for every 1.00% over 4.00%
Payment	Referral fees paid weekly following the settlement of the loan

Solutions Guide	Description	Loan amounts	Loan terms	Repayments	Transaction Types	Asset Types
Banjo Asset Finance Express	Asset finance with less hoops	$20k-$250k	12, 18, 24, 36, 48 or 60 months	Weekly, fortnightly or monthly	Dealer, Private Sale, Mid-Term Refinance, Balloon Refinance, Sale & Buy Back, Capital Raise	Primary & Secondary
Banjo Asset Finance Excel	Flexible and tailored asset finance solutions to help you business move forward	$20k-$2m Up to $5m across related ABNs	12, 18, 24, 36, 48 or 60 months	Weekly, fortnightly or monthly		Primary & Secondary

Minimum Application Requirements	Banjo Asset Finance Express			Banjo Asset Finance Express
$20k-$250k	12 months linked bank statement data + ATO portal statements (ITA, ICA and Super Guarantee)			2 years accountant prepared financials, year-to-date management accounts, 12 months linked bank statement data, ATO portal statements (ITA, ICA and Super Guarantee) and latest BAS
$250k-$1m	N/A			As above + commitment schedule + aged debtor and creditor listings
$1m-$2m	N/A			As above + corporate structure chart + cashflow forecast

Minimum Security
$20k-$2m	Director Guarantee/s + PMSI over the underlying asset

Indicative Pricing Structure*
Base rate*	9.75%		10.75%		11.75%
Annual turnover	>$5m		$1m - $5m		<$1m
Add-ons	Private sale: 1.00% Sale & buy back: 1.00% Capital raise: 2.00% Loan term of 12 months: 0.50% Secondary asset: 1.00% Adverse credit: 2.00% ATO arrears (overdue and not on payment arrangement for minimum period of 3 months): 1.50% Non-property backed: 1.00% For loans > $1m (per loan or on aggregate): 0.50%
Credit Criteria
Credit history	Generally, paid defaults accepted: Maximum of $5k (related to telecommunications or utility), and no outstanding court actions
Asset age	Primary assets – 20 years Motor vehicles – 15 years Trailers – 25 years Secondary assets – 10 years Medical equipment – 5 years Note: Any asset age outside of the above, please contact your local Banjo specialist
ATO portal	Ideally no ATO arrears or manageable arrears with payment plan in place (assessed on a case-by-case basis)
Valuations	Assessed on a case-by-case basis

Qualifying Criteria	Banjo Asset Finance Express			Banjo Asset Finance Excel
Annual turnover	>$250k			>$500k
Time in business	> 1 year & GST registered			> 2 years & GST registered
Equifax score	>550
Non Property Owners	$20k - $150k: no deposit $150k - $250k: 10% deposit			Deposit assessed on a case-by-case basis
Industries with restrictions	Property Developers, Pre-Farmgate Agribusiness, Utilities, Mining, Metal or Explosive Manufacturing, Taxi & Ride Share, Tobacco, Nightclubs, Adult, Gambling Activities and Not for Profit

Fees & Charges*
Origination fee	A base amount equal to the Referral Fee (used to pay the Referral Fee see below). Add ons: +2% for Flexi, +3% for Bridge
Early repayment fees	Express and Excel: No early repayment fees apply Flexi and Bridge: Early repayment fees apply*
Other fees	Other fees and charges may apply, for example direct debit dishonour fees and costs relating to registration of securities.
The borrower only pays a pro rata of the instalment of the interest cost for that payment period. *The borrower will pay the NPV of the remaining instalment of the interest cost using a discount rate of 20%.

Referral Partner Commissions
Loan amount $20k to $75k	Up to 8.00%
Loan amount $75k to $250k	Up to 6.00%
Loan amount $250k to $2m	Up to 4.00%
*Add 0.5% to the base rate for every 1.00% over 4.00%
Payment	Referral fees paid weekly following the settlement of the loan

Our commitment to you

* Disclaimer: Fees, lending criteria, terms and conditions apply (including an origination fee on each advance). Actual fixed fee (or interest expense) and repayments will vary based on your individual circumstances. Advertised rates are subject to change at any time. Fixed fee (or interest expense) accrues upfront and is paid in instalments. While Banjo does not generally take security over assets, director guarantees may be required and a general security deed or other security may be required for larger loans or in respect of some loan types. Statements regarding timing in relation to applications, approvals and funding are only indicative. Any advice given does not take into account your personal circumstances and you should carefully consider what products are appropriate for you and obtain professional advice where relevant.

Copyright © 2022 Banjo® Loans. Banjo® and Banjo Score® are registered trade marks used under licence by Banjo Loans. All loans are provided by FundIT Ltd ACN 601 130 527 in its capacity as trustee of the Banjo Small Business Loan Fund ABN 32 713 685 984 (AFSL 468033). All loans are subject to eligibility criteria and approval by Banjo. Upfront fee, terms and conditions apply.