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Commercial Loans in Australia

Fincue is an  Australia’s leading lending platform that provides personal, business and commercial loans in Australia at competitive rates. Using our innovative technology we are able to provide fast access to funding, while offering a range of flexible loan options to ensure customers have the best experience possible. Our aim is to help people achieve their financial goals by providing them with the right products at affordable prices.

Find out how we can help your business grow! Contact us today using our online enquiry form or call +61 490 348 767

What is a Commercial Loan?

A commercial loan is a type of financing that allows borrowers to buy equipment, purchase inventory, or pay off debt. Commercial loans are often used to finance business operations, including buying real estate, building construction projects, and paying off existing debts. As a result, these types of loans are commonly referred to as business loans.

Commercial loans can be secured or unsecured. Secured loans require the borrower to deposit collateral, usually a piece of property or an asset like a car – as security against any losses lenders may incur if they need to repossess the collateral before the loan’s due date. Unsecured loans do not require collateral, but the lender assumes the risk that the borrower won’t repay the full amount owed.

Know more about Low Business Loans

Call us: +61 490 348 767

Email us: info@fincue.com.au

Qualify for a Commercial Loan

There are a few things you’ll need if you’re looking to take out a Low Doc Commercial Loans Australia. Firstly, you’ll need to have been self-employed for at least 12 months. You’ll also need to have a good business turnover and a strong business plan. Finally, you’ll need to provide evidence of your income and your assets. If you can tick all of these boxes, then you’re well on your way to getting a Low Doc Business Loan.

How to apply for a Low Doc Business Loan?

Chattel Loans in Australia is a loan secured by the asset being purchased. In Australia, chattel mortgages are typically used to finance the purchase of vehicles, plant and machinery. The main difference between a chattel mortgage and a standard loan is that the asset being purchased acts as security for the loan, rather than the property itself. This means that if you default on the loan, the lender can repossess and sell the asset to recoup their losses. Chattel Mortgages Australia can be used to finance both new and used assets, and can be arranged with either fixed or variable interest rates. The loan term can also be tailored to suit your needs, with repayment terms of up to 7 years available.

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Commercial Loan Application Process

The application process for a commercial loan varies depending on the specific lender. Most lenders use a formal application form that requires the applicant to provide personal information, financial statements, employment history, credit report, and other documentation.

The application process consists of three steps; Customer Contact, Credit Decision and Funding. The customer contact step involves the collection of information from the client about their business and the type of funding they require. This includes details about their current situation, how they plan to use the funds and what kind of terms and conditions they want to apply. Once the customer contact step is completed, the decision stage takes place where the lender reviews the application and decides if the applicant is approved or not. If the client is approved, then the final step is to fund the loan.

How to apply for Commercial Loans in Australia

  1. Get a reliable reference – 

A good way to get a loan is to have someone who has had experience before you and know where you are coming from. You should ask your friends or family members if they can recommend any bank that can help you. You could even try searching for other people’s experiences online. By getting references, you can be sure that you are going to get a loan approved and will not be rejected.

  1. Think about what you need – 

Before applying for a loan, think about exactly what you need. This will ensure that you do not waste time and money on things that you cannot use. What type of vehicle do you want? Do you need to buy anything else like furniture or appliances? If you do, make sure you include them in your list of needs.

  1. Be prepared – 

When you go to apply for a loan, you will need to provide some documents including proof of income, proof of assets, and credit history. Make sure that you are ready so that everything goes smoothly.

  1. Know how much you qualify for – 

Once you have thought about what you need and prepared yourself, you will now have to find out whether you qualify for a loan or not. You will need to fill out an application form, and this will tell the lender how much you can borrow. If you qualify, you will then need to pay for a fee.

  1. Apply – 

After you have filled out the form and paid the fee, you can finally apply! You can simply visit a local bank branch or you can submit an online application. Either way, you should follow the instructions carefully so that you don’t miss out on getting a great deal.

  1. Pay back the loan – 

Loans are meant to be used wisely. So once you have paid back the loan, you should make sure to keep paying interest regularly. It will only add up over time and you may end up having too much debt.

Low Doc Business Loan FAQ’S

How much can I borrow?

Most commercial loans are based on the size of your business, not how many years you have been in business. You are able to borrow anywhere from $50k-$250k (depending on your credit score). The interest rate may range from 4-6% depending on your situation and your lender’s needs.

What is my monthly payment?

You can expect to pay about $1,000 per month and that number can increase if you choose to extend your term. There are some lenders who offer additional incentives like tax breaks and discounts on insurance.

How long do i need to take out a loan?

The length of the loan varies. Some people use their loan to help them through an emergency while others plan to repay it back over time. You should always consult with your financial advisor before making any major decisions.

How do i get a commercial loan?

Commercial loans are secured loans that are backed by real estate. These types of loans can be used for any type of business project, including but not limited to operating expenses, equipment purchases, working capital, inventory, and expansion. They can be used for residential or commercial projects.

 The first step in getting a commercial loan is to determine if your business qualifies for a loan. You can qualify for a loan based on many different factors, such as credit history, income, assets, equity, etc. Once you have qualified, then you can apply for a commercial loan from a bank or other lending institution.

What happens if my business fails?

If your business experiences financial difficulties, then you might not be able to continue servicing the loan. In this case, you will be forced to return the total amount borrowed plus any accrued interest.

Still have queries about Commercial LoansVisit Fincue.

Need a Commercial  Loan Australia? Fincue connects you with the best Commercial Loan Lenders in  Australia

Have a query? Speak to us today

Call us: +61 490 348 767

Email us: info@fincue.com.au

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