Business Barter Exchange (BBX)

BBX Consumer Loans – making investing more affordable

Because of its relationships with property vendors and developers around Australia, BBX is in the unique position of being able to offer investors up to 30% of the contract price as an interest-free BBX Consumer Loan.

The investor, if not an existing member of BBX, repays the BBX Consumer Loan by making equal monthly principal payments over the term of their cash mortgage either in cash or using BBX dollars (see ‘Membership Option’ below).

Approved investors can borrow up to 105% of the purchase price on selected BBX properties listed on Landlord Central. This can be a combination of 75% first mortgage and 30% interest-free BBX loan. Each property shown indicates the percentage available as a BBX interest-free deposit. BBX Money can also arrange the first mortgage for you at competitive interest rates.

BBX Consumer Loans are managed by BBX Money and investors receive monthly statements from the same as they would from a bank. Unlike a bank, however, investors are never charged interest for the term of the loan, as long as they continue to meet their payment obligations each month.

Benefits of an interest-free loan of up to 30%:

• By effectively receiving an ‘interest-free deposit’, first-time investors are able to get into the market sooner;
• Diminishes the need to use an existing property as security;
• In many cases, a BBX Consumer Loan can allow investors to avoid the requirement to pay mortgage insurance; and
• Subject to prevailing interest rates, investors can save up to $200,000 on a 25 year loan of $150,000.

In addition to interest-free loans, BBX gives you opportunities to earn additional income to repay your property loan even faster.

BBX members with businesses earn BBX credits by trading their goods or services with each other. In this way, members are able to repay their 30% interest-free loans by making new sales they may not otherwise have made.

You can still benefit from BBX even if you’re not in business for yourself. For example, you could sell your car, boat, jet-ski or caravan on BBX and apply the proceeds to your interest-free BBX advance. Or trade goods on the BBX website that you might have bought at a discounted cash price.

About Business Barter Exchange (BBX)

BBX facilitates the cashless trading of goods and services between member businesses, which system of trading is underpinned by the age-old principles of bartering, sometimes called contra.

In essence, BBX is a credit and debit card system (similar to other card systems) that enables businesses to access a variety of goods and services in a less competitive market place offering a range of financial benefits not usually found in traditional markets or offered by other card payment systems.

Founded in 1993, BBX currently services about 5,000 member businesses in Australia and New Zealand, representing over 8,000 individual cardholders.

BBX has now sold master franchises to India and China giving it a global membership base of over 300,000 members to date.

Using a currency known as BBX trade dollars, BBX allows member businesses to increase sales, create cost savings and improve the general financial performance of their business by taking advantage of spare or under-utilised capacities that exist, all of which go straight to the bottom line.

BBX is continually seeking to expand by franchising, acquisition and the opening of suburban and regional company branch offices and its initial public offering has provided the financial support for implementation of the Company's expansion program in these areas with the aim of significantly increasing membership.

BBX is the first barter exchange manager to list on the Australian Stock Exchange (ASX) and one of only a handful of publicly listed barter companies in the world. BBX is also listed on the NSX with its groundbreaking Property Investment Fund.