Equipment Finance and Working Capital Facilities
Commercial Loans are typically used specifically for the operation or acquisition of a business. These types of loans are usually secured by a residential or commercial property, however, in certain circumstances, the lenders are willing to consider borrowings against the business value (on the acquisition and refinance/restructure) depending on the cash flow of the business (often referred to as cash flow or unsecured lending).
Commercial loans are for business purposes only and the cost associated with these loans are generally tax deductible.
Commercial Loan Requirements
Many established businesses can be funded against the business value up to approx 50% of the purchase price, excluding stock. This is dependent on many factors such as how long the business has been operating, the income from the business, and the business experience of the new business owners. Security of tenure (or the length of the lease on your premises and/or license agreement in the case of franchises) is also a very important factor for consideration, and the bank will also consider the impact of this.
- Flexible payment options
- Less Paperwork
- Low and Reasonable Loan payment amount
- Negotiable on rates and repayment tenure
Loan Wize in Sunshine Coast can provide you with a free assessment on the areas where you need financial assistance, such as business car loans, business loans, commercial loans and others. The assessment will determine what loan or financing product suits your needs best as well as providing you with a desirable interest repayment.
If you are looking to apply for a commercial car loans, commercial loans, commercial finance or wants to know more about it then fill in your contact details in this contact form and our financial consultant will contact you for a financial assessment, or call us directly at 1300 LOAN WIZE / 07 54436522 for a chat.