Empire Trade -

Line of Credit


Real Estate Line of Credit


The company shall, as its discretion, consider lines of credit for all financial members with regards to their company or business. The member may request this line of credit either from 1 of 2 facilities.

1. Secured Financial Interest

Under this line of credit the borrower/member will repay any temporary line of credit approved by Empire Trade in full within the time specified in the contractual line of credit initial application, and subsequent temporary line of credit contract.

If an Empire Trade member uses this facility, all fees including administration trading fees and legal fees, will need to be paid in full within the specified time advised. Empire Trade will require property or goods to be secured legally against any line of credit extended. This line of credit will need to be freehold (owned by the borrower/member) including property and other goods including motor vehicles, boats etc without limiting the generality of such property and goods. In some instances Empire Trade will be seen legally as the 2nd mortgagee and legally hold any interest in the property /goods in question.

If the member/borrower does not honor their temporary line of credit contract/agreement, Empire Trade may and will seek legal redress in liquidating the secured property/goods.

In some instances, Empire Trade may and will lodge a caveat over property if the temporary line of credit contract/agreement is not fulfilled with regards to its terms and conditions and / or repayments.

If required Empire Trade may and will lodge a Charge over companies which do not fulfill the terms and conditions and/or obligations, including financial, as outlined in the Empire Trade temporary line of credit contract/agreement.

When in the case, Empire Trade require legal redress to recover the debt incurred by the borrower/member, all fees, charges, legal fees and outstanding Empire Trade dollar line of credit extended to the member/borrower will be repayable 100% in AUD $ (Australian Dollars).

If for any reason the member/borrower is late in repaying any temporary line of credit, as outlined in the temporary line of credit agreement/contract, the member/borrower may be required to pay penalty interest in cash of any Empire Trade dollar amount borrowed at the rate of bank interest at the time of default monthly.

Should the member/borrower be suffering proven financial hardship, Empire Trade may at its discretion assist the debtor in varying or extending the Empire Trade loan by offering the member/borrower a varied new and amended temporary line of credit agreement/contract which must be signed and agreed to by both parties. This new agreement/contract will supercede the initial agreement/contract made between Empire Trade and the member/borrower.

Upon the repayment from the member/borrower of the temporary line of credit issued by Empire Trade, all associated fees and charges also being repaid in full in the time specified, Empire Trade will withdraw its interest in the secured property.


2. Unsecured Line of Credit.

Empire Trade does have the facility available for its members to take advantage of a temporary increase line of credit where no interest is required as security for the lending of Empire Trade dollars against property purchases.

This facility offers the member/borrower flexibility with regards to not having a financial interest in the property recorded and may also allow for future extended borrowing capacities to be more fluid.

If the member/borrower approaches Empire Trade and does undertake contractually an agreement with this unsecured line of credit for property, the member/borrower will be required to firstly pay Empire Trade a 10% cash non refundable underwriting fee on the Empire Trade dollar value loaned.

the Empire Trade member/borrower will still be bound by the terms and conditions outlined in the unsecured line of credit application/contract. This includes the repayment of the Empire Trade dollar value borrowed, term of the unsecured line of credit loan and all fees and charges as outlined in the unsecured temporary line of credit agreement loan.

When in the case, Empire Trade require legal redress to recover the debt incurred by the borrower/member, all fees, charges, legal fees and outstanding Empire Trade dollar line of credit extended to the member/borrower will be repayable 100% in AUD $ (Australian Dollars).

If for any reason the member/borrower is late in repaying any temporary line of credit, as outlined in the temporary line of credit agreement/contract, the member/borrower may be required to pay penalty interest in cash of any Empire Trade dollar amount borrowed at the rate of bank interest at the time of default monthly.

Should the member/borrower be suffering proven financial hardship, Empire Trade may at its discretion assist the debtor in varying or extending the Empire Trade loan by offering the member/borrower a varied new and amended temporary line of credit agreement/contract which must be signed and agreed to by both parties. This new Agreement/contract will supercede the initial agreement/contract made between Empire Trade and the member/borrower.

Upon the repayment from the member/borrower of the temporary line of credit issued by Empire Trade, all associated fees and charges also being repaid in full in the time specified, Empire Trade will withdraw its interest in the Secured property.