Business.Finance provides expert commercial lending broker services to assist owners and operators that need help with getting business finance. Business operators across many sectors, running both large and small, new and long-established enterprises, can face problems at different times in securing affordable funding. These problems may stem from issues with the financials of the business or from decision-makers not having the knowledge of what is available to them, not being confident in their understanding of what’s involved with commercial financing, or not having the time to devote to the process.
These issues can restrict the ability of an operation to secure asset loans, cash flow support, general business loans, which may then flow on to limiting their opportunities to grow and achieve their true potential and profitability. The commercial lending sector is diverse and extensive. Using our broker services can assist operators to access the lender and the lending products to suit their enterprise and their purpose. We provide this overview to operators facing issues, a better understanding of the options and opportunities available to them.
Understanding the Commercial Finance Market
While the consumer credit market has regulatory guidelines as overseen by ASIC, the commercial sector is not regulated in the same way. The commercial lending market includes the major banks, minor banks, finance companies and many other non-bank credit providers. While most provide a range of commercial loans, the product selection, product features, approval guidelines, and interest rates can vary.
Interest rates particularly vary across sector. While the RBA sets the cash rate and home loans for example tend to follow these changes, commercial lenders set their rates based on their own guidelines. Those that specialise in a particular area, such as construction equipment loans, may be more competitive in that area. The major banks can be competitive with overdrafts and similar business loans.
Finance brokers operating in the commercial sector provide a conduit between customers and the lenders. The seek accreditation with lenders to source loans for customers through them.
Using a Broker to Obtain Business Finance
Commercial lending brokers hold a very important position in the market, providing access to many lenders and many options through the one contact. Their role is to source the best lending solution based on specific customer requirements. We handle the entire process of sourcing, negotiating and structuring financing for our customers.
Key to our services is having many accreditations, providing our brokers with the resources to match the customer’s profile with the lender that has the criteria and guidelines to make the best loan offer. Accessing our services and our large selection of lenders is a simple process. A referral is not needed, contact is made directly by phone or via our online enquiry or quote forms.
We represent customers in discussions and negotiations with lenders and present the quotes and offers to the customer for their approval. No loan is formalised, or quote acted on without the customer’s approval. Using a broker to source commercial loans is a widely used practice across the business environment. Many business owners always use brokers to source their loans, appreciating the time saved and the expertise that a broker contributes to the process and to delivering the best solution.
Help with Getting Business Finance for Many Purposes
Different types of lending products are required to fund different expenses. Assistance is available through our brokers to secure loans for a wide range of commercial expenditure. Assets such as motor vehicles, trucks, plant, machinery and equipment are financed with Leasing, Chattel Mortgage, Commercial Hire Purchase and Rent-to-Own loans.
Where a business needs access to funds to cover cash flow shortages either for a short period or ongoing, an Overdraft or Line of Credit can be used. These credit facilities can be used for many expenses such was wages, stock and supplies, and other non-asset costs.
Secured and Unsecured Business Loans are available to cover a specific expenditure where the business owner is seeking a fixed term to repay the loan. Targeted finance products including Insurance Premium Funding and Debtor Invoice Funding to provide support with receiving more timely payment of invoices.
Interest rates vary with different loan products. Making it important to secure the most suitable facility to ensure the most affordable financing solution.
Accessing New Business Start-up Finance
Without the full financials requested by most banks and many other lenders, new and businesses that have operated for less than 12 months, can particularly require assistance in sourcing affordable loans. We provide that assistance with our no and low doc loan options. These are sourced through specialist non-bank lenders and can provide a workable way forward for many start-ups.
Utilise Free Resources and Loan Tools
Operators requiring assistance with loans can access our free resources and lending tools on our website. Our Blog includes informative articles covering a range of topics, provided to inform and educate business owners.
Our free loan calculators are also readily available to enable operators to calculate estimates on their loan requirements for planning and budgeting purposes.
If you require help with getting business finance, contact our brokers on 1300 000 033 for a no obligation discussion or quote.
DISCLAIMER: THE SPECIFIC PURPOSE IN PROVIDING THIS ARTICLE IS FOR GENERAL INFORMATION ONLY. IT IS NOT INTENDED AS THE SOLE SOURCE OF FINANCIAL INFORMATION ON WHICH TO MAKE BUSINESS FINANCE DECISIONS. BUSINESS OWNERS WHO REQUIRE ADVICE OR GUIDANCE AROUND THEIR SPECIFIC FINANCIAL CIRCUMSTANCES ARE RECOMMENDED TO CONSULT WITH AN ADVISOR OR ACCOUNTANT. NO LIABILITY IS ACCEPTED IN REGARD TO ANY MISREPRESENTATIONS OR ANY ERRORS RE ANY DATA, SPECIFICS, POLICIES AND OTHER INFORMATION AS SOURCED FROM OTHERS
