Getting the Right Advice and Loan! Where do you Start?
With the multitude of offerings available, this task can be confusing, time consuming and daunting.
Whatever your requirements we can remove the uncertainty by finding a solution that satisfies the most complex situations and meets your needs and goals
Important Stuff for you to consider!
What Do You Want?
The purpose of your finance requirement will determine the type of finance product you need. These requirements may include:
- Financing or Refinancing a Commercial Property
- Debt consolidation
- Commercial Property acquisition
- Business acquisition, consolidations, and mergers
- Insurance premium funding
- Cash flow funding including trade, debtor and invoice finance.
- Management Buyout
- Business Purchases
- Property Development Funding
- Short Term Finance
What Can You Borrow?
Determination of what you can borrow can be sometimes overwhelming. Lenders will look at past performance of your existing business or that being purchased. If it is an investment commercial property purchase, then existing tenant and lease terms will be considered.
Management capability can be a consideration and sometimes provision of cash flow projections and business plans are required.
Which Lender Do You Choose?
Where do you start? What Bank, Credit Union, or Non-Bank Lender do you consider? Is it a variable rate or fixed rate you should consider and should you pay principal and interest or interest only?
Is the rate offered by your existing lender the most market competitive?
Some lenders are specialised and offer products associated only with the type of funding you need. These are considered niche lenders.
How Much Deposit or Security Equity Do I Need?
The level of savings or equity available can mean a different choice or recommended lender. It will also determine interest rate offering and associated terms available from lenders.
You will need to take into consideration not only the deposit or equity for your requirements, but provision of additional costs including State Government Duties and legal costs if applicable.
Can I Obtain a Loan Pre-Approval? Very simply – YES!
What Do I Do Next?
The Commercial Lending space is very specialised and you need the right advice. Move forward and get quality advice to get you on the right path upfront.
Give Ken a call or drop him an email and he can call you back.
KEN 0411 669414