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YOUR ONE-STOP BUSINESS LOAN AND COMMERCIAL LENDING SPECIALISTS

With our years of business lending experience and our panel of more than 45 business and commercial lenders, you can rest assured that our business Melbourne Finance Brokers will find the right solution for your business. We compare 100's of business and commercial loan products to find a product that is right for you and your business, a business loan that matches your objectives and requirements.

Let us find the business loan that matches your business plan

One of the challenges we often hear from small business owners is their struggle matching loan options with their short term and long term business objectives

This challenge means business owners are often putting off business financing options because finding the right loan is seemingly confusing, unclear and just too time-consuming.

Unfortunately, this delay and lack of action is a missed opportunity for small business – a missed opportunity to tap into a financial boost to drive your business towards your short term and long term goals.

With all the varied types of loans in the market place right now, with many different lenders offering all sorts of product options and variations, it does take a financial professional to guide you to find the right financing solution.

There is no ‘one size fits all’ approach when it comes to finding the right loan.

Our role is to provide you with guidance – while taking into consideration all of your business opportunities, goals and challenges – to ensure you can access that financial boost.

Whether you need extra funds to implement an expansion plan or to increase cash flow to manage the day to day, we are here to support you. Let us play our role and take the pressure off you so that you can focus on your business.

A word of warning about using your home as security

Securing an overdraft (or using a line of credit) and using your home as security for this loan is not a fantastic option – and is often used as a band-aid solution which can put extreme pressure and additional risk on business owners.

Of course, there are always elements of pressure and risk when it comes to owning and running a small business. However, we advise our clients not to bring their home into the picture.

Why not use your home to secure a loan when it could be a quick fix?

The quick answer is?

You don’t want your family home to be at risk of refinancing – or even selling – just because some of your clients haven’t paid their account or it’s a quiet business period. Chances are the risk is too high.

If you have thought about using your home as security, we recommend that you discuss your options with a financial adviser before making a final decision.

GET TO KNOW DIFFERENT TYPES OF BUSINESS LOANS

With many different types of business finance option and you rest assured that Lend A Loan has a solution to your business financial requirements.

Property Development & Construction Loans

If you’re in the business of building construction or property development, finding the right finance for your project can be a challenge.

At Lend A Loan  we have access to financing options from over 45 lenders, including the largest banks, boutique lenders and private organisations, so we’re in a great position to find the specific kind of funding your project requires.

We’ll also work with you to help you structure your finance to achieve your specific financial goals. We understand the complexities of property development and construction finance and can help you to plan, organise and fund just about any kind of project from residential to business and commercial developments.

Commercial Property Loans

Being able to afford the right business premises in the right location can really boost the success of your business.

If you want to purchase premises for your business, or invest in any kind of commercial property from retail space to factory premises, we can access a wide variety of suitable loans and competitive interest rates from over 40 lenders Australia-wide.

We can also assist with refinancing your existing commercial property loan, with competitive interest rates and attractive loan terms. Just like residential property mortgages, it pays to talk with us about staying on top of your commercial property loan to make sure it is still giving you the best rate and the features you need.

Equipment and Asset Finance

How does your business access the equipment needed to thrive while keeping positive levels of cash flow and working capital? Before we answer that, let’s start by outlining what we mean by equipment or asset.

If you want to be competitive in your business, the right equipment at the right time can be vital to your success. Outdated equipment can really limit your business activities and can cause you to miss out on new opportunities or larger projects.

There are several different ways you can go about financing the all-important equipment your business requires. For example, an equipment loan – also known as a chattel mortgage – can give you access to finance for just about any kind of equipment. Alternatively, you may want to consider one of our Finance Lease or Hire Purchase options to obtain the important equipment you need.

This includes office equipment, internal fitouts, medical/dental equipment, motor vehicles, commercial vehicles, plant and machinery, agricultural machinery, computers, phone systems, photocopiers and solar power equipment.

Any of the above can be financed to produce revenue for your business.

So what are the main benefits of an asset or equipment loan?

  • Working capital preservation
  • More accurate budgeting (through fixed repayments)
  • Possible tax advantages

Security of the loan through the asset itself

Business Finance

We can access multiple finance options for small, medium and large scale business operations, for a variety of different purposes.

Whether you’re looking to buy a business, start one from scratch or access finance to help your existing business grow, we are here to discuss your situation and facilitate your plans.

We can also help with more creative financing options – like cash-flow financing for example. This can be used for any worthwhile purpose – purchasing inventory, managing cash flow, bridging receivables gaps, staffing on new contracts and more. Talk to us about your needs and we’ll help you find the right finance for your specific business and its unique requirements.

Can you invest the funds in your SMSF to purchase a commercial property?

Firstly, what do we mean by using the funds in your SMSF?

The amount of savings you’ve created in your Super can be transferred to a Self Managed Super Fund also know as SMSF then the funds can be used in a variety of asset classes to invest. The process includes moving Super from your current fund to an SMSF – new or established. This gives you the option to use gearing in future property purchases.

Having your savings in an SMSF offers you the opportunity to finance investments – such as commercial property – using a Term Loan. If your goal is to purchase commercial property, some lenders will approve loans as low as $100,000 to buy a property.

Similar to a home loans, a Term loan has flexible repayment terms with a time frame of up to 30 years. If you are renting out the property, you can use this income to help meet the regular loan repayments.

How is this possible? As with any investment opportunity, there is, of course, some criteria to consider before taking the first step.

If your business will occupy the commercial property, and providing the rent is equal to current market rates, it is possible to use your SMSF to purchase the property. It’s vital you speak to a financial professional to help you make the right investment choice as there are SMSF laws and regulations that need to be carefully considered.

To find out more about SMSF Loans or to further discuss any other loan such as business, investment or home loans with us call our friendly team on 1300 861 336 or send us an email: [email protected] alternatively you may fill our contact form and one the mortgage brokers in your area will call you.

Business Term loans

Think about your home loan….

The same basic funding principles apply to a business term loan.

Used for business or property, this sort of business loan is more commonly used to purchase commercial property or purchase an existing business. You might consider a term loan if you’re buying a new business, buying into a franchise, purchasing commercial property or expanding your existing business.

On the note of commercial property, a term loan can be applied on a wide and varied range of real estate, including but not limited to, established real estate, vacant land, retail zoned and industrial zoned properties.

Working Capital Finance

If you need financial assistance with your business’ day-to-day costs, a working capital finance loan may give you the financial means to cover your operations.

Such day-to-day costs include cash flow coverage for supplier payments, salaries/wages, inventory purchasing and more – all important foundation costs for any business.

This type of loan provides reassurance to business owners. Ensure you have money in the bank to care of your day-to-day costs. Not only does this reduce risk of delayed payments, it provides you with financial options to engage in business opportunities for growth.

Invoice Finance

If you’re looking for a fast financing method for your business to keep positive cash flow, then this method may be the way to go. It’s flexible with more benefits when you compare this approach to a bank loan.

Your business has already invoiced your clients/customers. They haven’t paid yet. It could be 30, 60 or even 90 days until they make payment. How can we tap into this income now – without having to wait the traditional payment period?

The good news and opportunity here is that a lender considers outstanding invoices (that is, money owing to you) as a business asset. You can actually request a loan for a percentage of the money you are owned.

Unsecured Business Loans

There are pros and cons to unsecured business loans, so depending on your situation they may be a good cash flow opportunity or too much of a risk.

The application is usually a lot easier and not as complex. The reason for this is that the loan amounts are smaller and typically do not exceed $300,000. The approval process is also typically very quick (less than 24 hours). This means your business will have fast access to the funds, however there are some things to keep in mind.

While an unsecured loan can be a required cash injection for your business, it’s important to note that these loans are designed to be relatively short term. The downside of unsecured business loans? Interest rates are generally higher and repayments are more frequent. So keep this in mind when you’re deciding.

Looking for a first-class finance and mortgage broking agency?

OUR LENDING PARTNERS

With more than 45 lenders and 100s of products to choose from, we can find the right loan product that suits your needs

LOCATIONS

Docklands | Narre Warren | Brighton

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