A commercial loan is a different type of loan whereby the loan itself is issued to a business as opposed to an individual. Typically these types of loans are set up to fund capital purchases and expenditures that the business may not otherwise have been able to afford.
Commercial loans are often used to assist businesses to grow, manage cash flow or upgrade equipment or start a new business.
Business have a variety of lenders to choose from and a range of products exist that our brokers can discuss with you to best suit your business needs.
- Buying or leasing a vehicle or equipment (good possible tax benefits) – types of loans include vehicle loans and equipment finance
- Starting, growing or expanding a business – types of loans include business loans, bank guarantee, business equity access loan etc
- Manage your cashflow – types of loans include bank overdraft, invoice finance, insurance premium finance etc
Banks and Lenders often require commercial borrowers to submit monthly and annual financial statements and to ensure that the item being financed has insurance cover.
You need to shop around to ensure you get the best deal so with a Mortgage & Finance Solutions Finance Specialist – all the hard work can be done for you and we can present you with a range of options.
Check out our Business Loans section in our Education Centre.
Simply email us on email@example.com or call 1300 857 762 to speak to a Finance Specialist.