Commercial Loans
At My Finance Consultants, we broker a comprehensive range of commercial loan solutions tailored to meet the diverse needs of businesses. Whether you're looking to purchase commercial property, expand your operations, or manage cash flow, our financing options can help you achieve your investing and business objectives.
Commercial Property Loans
Are you looking to purchase or refinance a commercial office, retail shopfront, or warehouse? Do you need finance for a more specialised property such as a hotel, childcare centre, nursing home, petrol station, or block of units? We are expertly equipped to handle your commercial property finance needs. Our team has the right relationships and technical expertise to understand complex financials, making our assessment and pricing bespoke to your requirements. We have access to an established network of bankers ready to assess all commercial property scenarios.
Business Loans
Business loans provide the flexibility needed to grow your business, whether through secured or unsecured options:
Secured Business Loans
Allowing eligible businesses to apply for finance from $10k up to <$1.5M
Quick and easy application process
Minimal documentation required
Access to competitive interest rates
Unsecured Business Loans
Allowing eligible businesses to apply for unsecured finance up to a limit of $300k
No real estate property or specific asset required as collateral
Quick turnaround times with minimal documentation
Business Purchase Finance
Are you looking to purchase a business? We broker specialised finance solutions to help you secure the funding required to make your business dreams a reality. We will:
Build a strong case to show the lender your profitability and repayment capacity
Provide a cash flow forecast and business plan
Assist with understanding the value of the business, including asset valuation and goodwill financing
Business Line of Credit
A business line of credit provides flexible funding up to a predetermined limit set by the financial institution. It allows you to:
Easy Access to Funds: Draw down up to your approved limit
Pay Interest Only on the Amount Used: Interest is charged only on the drawn amount
Flexible Repayment: Repay at your own pace and redraw funds as needed
Franchise Loans
Buying into a franchise can be a lucrative investment. Our Mortgage Brokers have access to competitive franchise loans to help finance the initial costs, including setup, fit-out, and franchise fees, reducing the burden on your own funds or assets.
Debtor Finance
We broker quality cost-effective debtor finance solutions from specialised lenders. Debtor finance can be either disclosed or undisclosed to your customers. In a disclosed arrangement, your customers are aware that their invoices are being financed, whereas in an undisclosed arrangement, they are not informed. With a full ledger facility, all invoices are subject to the finance arrangement. In contrast, selective invoicing allows you to choose which invoices to finance, providing greater flexibility in managing your businesses cash flow.
Debtor finance is based on the value of your business’s accounts receivable ledger. It provides:
Improved Cash Flow: Access funds tied up in unpaid invoices
No Real Estate Security Required: Unlike traditional loans
Fast Access to Funds: Get paid immediately without waiting 30, 60, or 90 days
Why choose My Finance Consultants?
We do all of the legwork
We compare hundreds of home loan options from a wide choice of lenders, including the big banks and specialist lenders. We handle every step, having a thorough process in place to qualify you with our lender panel to find the most suitable lending options for you. We organise all of the required paperwork, order lender valuations, liaise with your real estate agent and conveyancer for a smooth transition to settlement.
We provide a convenient service
Mortgage Brokers save you the time and hassle involved in applying for a home loan - from application through to settlement. We'll meet at a time and place that best suits you, to establish your needs and preferences. We then do all the research and running around to manage every step of the application process. This saves you shopping around - as we do it all on your behalf.
We provide professional advice
We are fully trained, and accredited with every lender we represent. We are full members of the Mortgage & Finance Association of Australia and we have many years of industry experience. We also have a number of consumer protection initiatives in place to protect you - our valued clients. As mortgage professionals, we seek to guide you through the lending process to help you make better financial decisions.
We help you select the right home loan
Our first priority is helping you select the home loan that’s right for you, now and into the future. Your Mortgage Broker will save you the time and hassle associated with shopping around for a home loan, they will also guide you through the home lending process to help you make better choices with your personal finances.
We will always try to save you money
We use comprehensive software which helps us pinpoint the most suitable and competitive home loan for you. Typically, our service can help cut the current interest rate you are paying as well as reduce your fees and monthly repayments. Using a Mortgage Broker is also a great way to figure out a strategy to maximise your borrowing power.
We don’t charge you a fee for our service
There is no charge to you for our services because the lender pays us a commission once your loan has settled. We do charge a commitment fee for home loan pre-approval applications, however we will refund this to you upon settlement of your home loan. We will always aim to provide a trusted, friendly and professional mortgage broking service.
Our clients have been saying some great things about us!
Whatever your goals, a competitive commercial loan will get you there faster!
Whether you're purchasing a new business or commercial premises, expanding your existing business, or wanting to better manage your cashflow, we can help you make the right decisions and stay on top - whatever your commercial lending needs.
We'll compare more than 40 leading banks and lenders, as well as hundreds of commercial loan options to find one that's right for you. No matter what kind of lending solution you're interested in, you'll enjoy expert lending advice from a Mortgage Broker you can trust.
Our industry knowledge and sophisticated mortgage software allows us to assess and compare the hundreds of commercial loans that are available in the marketplace, we will calculate your borrowing capacity and identify which lenders you will qualify with.
If you're ready to start your commercial loan journey, give our friendly team a call on 1300 381 955 or visit the Book Appointment section on our website.
FAQs
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You can finance various types of properties with a commercial property loan, including office buildings, retail shopfronts, warehouses, hotels, childcare centres, nursing homes, petrol stations, and blocks of units.
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Fees for commercial property finance are typically higher than those for residential lending. Key fees include:
- Establishment Fee: Up to 0.75% of the loan amount
- Valuation Fees: Approximately $2,000
- Lender’s Legal Fees: Around $1,500 Additional costs from external parties are passed on at cost and may vary based on the transaction size.
My Finance Consultants may also charge an engagement fee depending on the transaction complexity.
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Secured business loans require collateral, such as business assets or real estate, which can offer lower interest rates and higher loan amounts. Unsecured business loans do not require collateral but may come with higher interest rates and lower borrowing limits.
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A business line of credit is a revolving credit facility that allows you to draw funds up to a predetermined limit. You can use the funds as needed, repay them, and then redraw up to the limit without undergoing another credit approval process. Interest is only charged on the amount drawn.
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Debtor finance allows you to access funds tied up in unpaid invoices, improving your cash flow without requiring real estate security. It provides fast access to working capital, helping you manage expenses and invest in growth opportunities.
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Typically, you will need to provide financial statements, tax returns, profit and loss statements, personal information, details of your assets and liabilities, and a business plan. The exact documentation required may vary by lender and loan type.
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Yes, some major banks offer a dual application process, meaning you can apply for both a home loan and a business loan simultaneously, streamlining the application process with a single decision point and one assessor.
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The LVR for commercial property loans typically ranges from 65% to 80%, depending on the loan amount and property type. Specific LVR requirements may vary by lender.
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A General Security Agreement (GSA) is a charge a bank places over a company (or other entity) to secure the assets and cash flows of that entity in the event of a loan default.
In other words, it is a legal right to the assets and future earnings of the business should something go wrong. The bank’s right is registered on what is known as the Personal Property Securities Register (PPSR).
GSA’s are typically requested where there is a larger loan size of over $1 Million and where the profits of a company are required to ensure the ongoing servicing of a commercial loan.
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It can be done as quickly as 1 week but generally will take 2-3 weeks from when all documents have been provided to us and the lender.
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Loan terms for business loans will vary depending on the nature of the loan, the lender, the borrower and the amount of the loan.
Generally, the loan term can range between 6 months to up to 7 years where you will need to make a fixed periodic payment to the lender to pay back the principal plus interest.
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The general rule is that business loans must be used for business purposes, this can include working capital; purchasing equipment; fit-out; growth/expansion plans, purchasing another business, making a large purchase for inventories.
There will be a declaration which will need to be signed as part of the loan approval process which states that the purpose for the loan is for business purposes.