GIVE YOUR BUSINESS AND EMPLOYEES THE UPGRADE THEY DESERVE!
COMMERCIAL LOANS TAILORED TO HELP YOUR BUSINESS REACH UNPRECEDENTED HEIGHTS.

Conveniently finance your business’ upgrade.

Every business, big or small, will at some point need help with finances to support their operations or buy new equipment to elevate them to another level.

No matter what your circumstances are if you need access to finances to help sustain your business’ growth, our team can help you make the right choice from the diverse range of commercial loan options available. Feel free to reach out to us for more information!

Types of Commercial Loans newcastle

Who are term loans meant for?

Business expenses can pile on really fast and it can be very hard to keep up with them at times. From balancing costs to facilitating more growth opportunities, we understand that business owners could always use a little assistance in terms of financing their operations. Having the option of borrowing a lump sum amount in the short-run to facilitate these needs, with the prospect of paying it back over a period of a few years is a welcome prospect.Term loans provide business owners with the option of borrowing significant sums of money and paying these loans back in fixed monthly installments over a predetermined period of time. Borrowers are typically charged an annualised rate of interest over the course of the repayment period. If you have the following needs, consider a term loan.
  • You need assistance paying off a general business expense. Term loans are best suited for business borrowers who are in need of finances to support general business expenses like paying off utilities or giving your premises a new look.
  • The amount you’re looking to borrow is not too large. Given that term loans are meant for general business expenses and are paid for in fixed installments over a few years, high-value loans are rare. In these instances, borrowers opt for loans that are specifically meant for such expenses.
  • You have a good credit history. This mostly applies to borrowers seeking assistance from banks – they determine your eligibility based on your personal and business history. However, there are several non-bank lenders who would have a more diverse, yet potentially high-interest, qualification process.
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Who are short-term loans meant for?

Throughout the year, various opportunities pop up for businesses that are almost too good to be true. Unfortunately, financing these opportunities can be a major concern, which is why many businesses miss out. Similarly, many small businesses go through brief periods of difficulty that can be alleviated with the right finances. Unfortunately, many loans come with long repayment periods.

Short-term loans are the exception. Much like standard term loans, these loans provide businesses the option of borrowing money and paying these loans back in fixed installments over a predetermined period of time – at an annualised rate of interest over the course of the repayment period. The repayment period for these loans, however, only lasts a few months. How can you tell if a short-term loan is for you?

  • You need assistance paying off a general business expense. Term loans are best suited for business borrowers who are in need of finances to support general business expenses like paying off utilities or giving your premises a new look.
  • You’re looking to pay your loan back in a few months. If the size of your loan is manageable and you only want your repayment period to last a few months, short-term loans are perfect for you and your business’needs.
  • You have a good credit history. This mostly applies to borrowers seeking assistance from banks – they determine your eligibility based on your personal and business history. However, there are several non-bank lenders who would have a more diverse, yet potentially high-interest, qualification process.
Apply

Who are commercial low doc loans meant for?

Entrepreneurialism is undeniably something we should all be proud of. Unfortunately, one of the downsides of kicking off your business initially is the lack of formal documentation required to access more finances. This stunts the ability of business owners to expand and grow – limiting their access to vital opportunities – like access to new properties. So, what can you do if such opportunities come along and you lack the documents required by conventional loans?

Commercial low documentation loans are your answer. These loans are meant for business owners interested in buying their current premises or a new one entirely. Commercial low doc loans let you bypass the requirement of showing documents in the event you don’t have them. If the following applies to you, consider a commercial low doc loan.

  • You’re a small business owner, contractor, and are an ABN holder. Low doc loans are intended to support the operations of small businesses and aspiring entrepreneurs. Many of these establishments lack the documentation required to prove income.
  • You have a certain level of equity or a fixed deposit in place. Despite not having a provable record of income, equity and deposits can significantly improve your eligibility for a low doc loan.
  • You have a good credit history. The one record that lenders would turn to is your credit history. Applicants with a seemingly spotless credit history would be strongly considered versus applicants who have a poor history. This is exacerbated by the lack of income declaration documentation.
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Who are business lines of credit meant for?

Flexibility is something that many businesses covet – especially when it comes to accessing finances. In most situations, loans are rigid, offering very little flexibility to borrowers, both in terms of the amount borrowed and the repayment period. For short-term expenses that come up with no prior warning, loans aren’t ideal because they commit businesses to a fixed amount, with interest payments associated with that specific amount.

That begs the question – what is? In contrast to loans that are rigid in terms of how much can be borrowed and when it needs to be paid back, lines of credit offer greater flexibility. Instead, a business LOC is an arrangement with a financial institution that gives a business owner access to a maximum amount of credit – similar to how a credit card works. You can access a certain amount of credit and only pay interest on the amounts you spend – not the entire credit line. When should you consider a line of credit?

  • You deal with regular invoice delays. One of the most difficult parts of being an SME is dealing with delayed invoices by clients that severely impact their cash flow. In such instances, having access to a credit line can be a real lifesaver.
  • You need flexible access to finances. Traditional loans are meant for borrowers who know exactly how much they need to borrow and when they need to. Lines of credit are perfect for businesses that know they might need help without knowing just how much.
  • You need to replenish inventory. Sometimes as businesses grow, we experience unexpected product orders that exceed the capacity of our existing inventory. Short-term access to finances via a credit line is invaluable in these instances because it would allow you to stock up in excess when needed.
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Our Services

Work with our team to carefully determine what your requirements are:

Residential Loan

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Personal Loan

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Commercial Loan

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Asset & Equipment Finance

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CONTACT US

+612 4961 4985

Shop 1, 38 Llewellyn Street, Merewether NSW 2291

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