MEDIA RELEASE 09 September 2008
BBX Money offers property loans 30 per cent interest free
Trade exchange BBX is offering investors competitive property loans through
their lending division, BBX Money, with 30 per cent of the loan interest free.
The offer is available to business owners when they purchase a property listed
through BBX Real Estate (www.bbxrealestate.com.au) and sign up to the BBX
trading program. Members are able to generate BBX dollars by trading goods and
services through the BBX trading network.
As well as saving money from lower interest fees, repayments on the
interest-free portion of the loan can be paid using these BBX dollars, saving
customers substantial amounts of cash and interest payments.
BBX Money operates in a similar way to a finance broker, shopping around in
order to get customers the best loan at the best rate. The 30 per cent interest
free portion of the loan is funded by BBX Money with the remaining portion
contributed by a lending institution.
"BBX is about helping businesses grow and we want to offer our members a
complete business success package,” said BBX managing director, Michael Touma.
"Now more than ever it is imperative for businesses to think outside the square
to remain profitable.”
"We set up BBX Money to help BBX members grow their businesses. Members are able
to pay part of their loan with the BBX dollars they earn through their business
and by paying less interest they save thousands. What this means is they save
cash, an important commodity in these tough economic times,” added Touma.
BBX Money is part of a range of value added services offered by BBX. Other
services include BBX Insurance, BBX Real Estate, BBX Financial Advisors and the
BBX Property Investment Fund.
BBX is a membership based trading program whose primary role is to generate new
opportunities for all types of businesses and to show business owners how to
offset many current cash expenses by utilising the down time and idle inventory
in their business.
The trade exchange uses BBX dollars, a currency unit having equivalent value to
Australian currency, to assign value to the transactions that take place between
member businesses. In essence, the exchange acts as the third party record
keeper, similar to a bank, and provides a sophisticated market where thousands
of transactions take place on a cashless basis.
BBX Holdings Limited listed on the ASX in August 2005, becoming the only
exchange in the world to be publicly listed on a main board.
BBX has offices throughout Australia and operates in New Zealand through a
master franchise. Through their BBX accounts, member businesses in these
countries traded in excess of $192 million in the financial year ending 30 June
2008, averaging over $33,000 per member.
BBX has recently expanded to Costa Rica, India and China through master
franchise arrangements and further international expansion is being pursued.
BBX Money can be contacted by phoning 1800 200 229 or visiting
BBX can be contacted by phoning 1800 222 229 or visiting
Released for BBX by Dennis Rutzou Public Relations (www.drpr.com.au)
For further information please call Joanna Gitsham or Nicola Rutzou on (02) 9413