Commercial loans to purchase a property or to refinance can be simple by using one of our hand picked loan brokers. Call seven days til 9PM. 1300 510 045.
At Selectabroker, we understand that commercial loans can be difficult if you don’t know where to look. Whether you need a bank loan or whether you need a private lender we can help you make the best choice for your needs.
Whether you’re dealing with multiple properties requiring a development loan or looking at starting a new venture, our highly skilled brokers are here to help.
Best Commercial Loans Packages To Suit Your Needs
We strive to make your life easier by uncovering the best commercial loan package to suit your exact needs.
Commercial Loans have many facets around both their funding and the levels of finance that you’ll receive, depending on how viable the lenders deem your project to be.
Other elements include your location, the state of your local economy and your property’s lease. Most banks and lenders place as much reliance on affordability as they do on your current security position.
At Selectabroker, we make it our job to ensure you find a package that fits your current circumstances perfectly.
With larger commercial financing to be used in real estate development or on a larger business venture, you’re able to lend cash flow through some banks if you have a strong historical cash flow history or if your new business has a competent business plan and projection.
Our extended network of highly skilled brokers is based in every state and territory across Australia, and they are ready to support you with your borrowing needs whenever it suits you. To find out how we can make your life easier with the right commercial loan for you contacts us today via phone or email.
How long do commercial loans run for
The term of a commercial loan can vary from 1 yr to 20 yrs. It really depends on the lenders policy and the type of loan structure you require. The stronger your cashflow and balance sheet position is the more options you will have.
We would discuss your business and personal financial goals and structure that with what the lender is prepared to offer. We will reveiw variable rate, fixed rate and interest only options. To help you decide which product or combination of suits you.
Variable commercial rate loans
Variable rates for commercial loans are generally higher then home loan rates. How much higher depends on the risk that the banks consider is relevant to your loan application.
Variable rate loans mean the rate can go up or down or stay the same depending interest rate movements by the reserve bank of Australia. Although banks don’t always follow as seen in recent years.
Commercial fixed loans
When deciding on what type of loan the might suit your needs fixed rates are an option. Our lenders offer fixed rate loan up to 10 years but generally customers take the 1, 3, or 5 yr options.
These are considered by some customers as a bit of security in the event of a rate rise. However may be restrictive if you want to pay lump sums off the debt. Or if need a refinance then there maybe exit fees to pay.
Commercial interest only loans
Whether you are buying a property to run your business from or as an investment, an interest only loan can provide benefits, like keeping your payments low while you establish you business and providing that cashflow to meet other financial commitments.
Because most commercial loans are over a shorter term, the interest only payments can be as much as half of a principal and interest loan.