Finding the right commercial loan starts with making the right choices, but when you’re busy running a business, it’s never that easy. That’s where we come in.
Whether you need to upgrade your warehouse space, expand stores or find a bigger office, we will help you navigate the commercial loan minefield, ultimately finding one that works for you.
Achieving your business objectives starts with knowing exactly what you want. With our expertise, you can take advantage of cashflow finance, term loans, overdrafts and leasing finance.
I can help you gain a solid understanding of your business strategies and objectives, we’ll then start scouring the market to find you competitive rates and flexible long term payment plans that are most suited to you.
We’ll look at your long term loan options so you can stay focused on your business, while setting yourself up for future success.
As the name suggests, the interest rate can change over the life of the loan. This gives you flexibility, but can also leave you open to rate rises. These loans offer more flexible features like unlimited additional repayments, redraw, and offset accounts.
Basically, this is the opposite of a variable rate loan. Your interest rate and repayments will stay the same during the fixed term, no matter what. So no surprises.
You pay off the principal (base loan amount) each month/fortnight, as well as any accrued interest. This might help you pay off your loan faster than an Interest Only structure.
For a set period of time (usually 5-10 years) you only need to pay the interest of the loan, rather than the principal (base loan amount). This reduces the size of your repayments in the short term but might mean that it takes longer to pay off your total loan amount vs a Principal and Interest structure.
Your lender will agree to provide you with a credit limit and you can borrow up to that limit. Typically the interest rate will be higher than other alternatives due to the increased risk to the lender. You cannot get an overdraft with a fixed interest rate.
You can purchase commercial property through your SMSF. Trusts can also purchase a property. This is appealing to some people as separating ownership from your business provides asset protection.
If you are seeking finance to fund the purchase of new machinery, equipment or vehicles to support your business you’ll require an asset finance loan.
If you haven’t quite saved up enough for your deposit then a commercial property guarantor loan could help you. This means, a relative, your parents or a friend would use their property as security for your commercial loan purchase.
Of course! Borrowing capacity refers to how much you can borrow from a lender. To get an estimate of your borrowing capacity go to our calculator: How much can I borrow? If you want to get an in depth review of your borrowing capacity, get in touch today.
With over 60 lenders, you and I are spoiled for choice. I narrow my search down through talking to you about your wants and needs. I will show you your options, listing the pros and cons of each loan and ultimately we will come to a decision together.
Call us: 1300 366 287
Email: hello@17thave.finance
Address: lvl 5 151 Pirie street, Adelaide SA 5000
Make it happen. Whether you’re buying your first home, upgrading to the next one, refinancing, or financing a car, we’re ready when you are. Share your goals with us & we’ll connect you with a broker who works for you.
