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Fast Turnaround – Apply for Business Loan
Applying for commercial funding can be the first step towards improved productivity, increased efficiency and greater profitability for your operation. Acquiring the assets – vehicles, trucks, equipment, required to upgrade the operation. Obtaining funding to support cash flow, grow and expand.
We’ve made it easy to submit an application so all types of operators can access our high-level expertise to provide quotes on structured funding at the best rates in the market. We fully appreciate the time constraints on the owners and managers of many enterprises and the frustration which complicated forms can create.
Follow our simple steps and we’ll provide fast turnaround with prompt approvals, quotes and offers to meet your deadline.
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Application Commercial Loans
- To apply, operators will need to submit an application with the necessary details and documentation.
- The initial step is a few quick questions in our online form.
- Our consultants will then contact you and guide you through the more detailed application process – assisting with the paperwork to simplify and streamline the overall funding process.
- Submitting an application is not a final commitment to proceed.
- An offer would need to be formally approved by the owner in order to proceed with the funding.
What You Need
What You Need to Apply for Commercial Financing
To be eligible for commercial funding, you will require:-
- Current ABN.
- GST registration is not required.
- Financial documentation about the operation.
The types of financial documentation to be submitted with the application may vary with different set-ups, incorporated entities, ABN holders, sole traders and how long the entity has been trading.
As a guide, documents and information to be submitted may include:-
- Income Tax Returns
- BAS Returns
- Annual Accounts as prepared by an accountant
- Bank statements
- Trading figures – current and projected
- Profit and Loss Statements
- Current balance sheets
- Amount of funding required
- Details of the goods being purchased, if known
Sole traders, ABN holders and some SMEs may also have personal financial documents requested. These may also include assets/liabilities record, tax returns, income records, existing credit and loan commitments and ongoing expenditure.
Your consultant will advise what documents are specifically required for your application. If you have any queries, you can always contact us online or by phone with any questions.
Know What Loan Suits Your Purpose
Applications can be submitted with these forms for all types of commercial funding arrangements. Before submitting an application, we advise enterprise owners to consult with their accountant re the type of funding that will work best with the commercial set-up.
Variations in types of funding include the compatibility with the cash or accruals method of accounting; treatment of GST; tax deductible elements; approach to balance sheet; and suitability for specific financial objectives.
Popular funding products include:-
- Chattel Mortgage
- Rent to Buy
- Secured Funding
- Unsecured Loan
- Lender Overdraft
Explore Diverse Finance Solutions - Apply Now!
Apply for Wide Range of Finance Solutions
We handle a full portfolio of commercial funding solutions for all kinds of entities and enterprises.
Applications can be submitted for:-
- Asset Acquisition Funding – cars, trucks and equipment.
- Unsecured Funding for wide range of non-asset acquisitions and expenditure.
- Overdrafts to support cash flow and ongoing expenses.
- Specialised products including Insurance Premium Funding and Debtor Invoice Funding.
Financing Options for New Entities
Where enterprises do not have all the financial documents requested, they can apply for Low Doc and No Doc options. Speak with us about the details.
Fast Finance Approvals
We won’t hold up your plans. Apply today and be approved within 24 hours for most applications.
Applications can be submitted prior to purchase so approval and funding is confirmed to facilitate the purchase process.
Connect with us
Get Assistance with Completing Loan Application
Your consultant will assist you with the paperwork required. If you don’t understand all the questions, just contact us to explain and assist.
Commercial Loans Australia
Discover information about eligibility criteria, required documents, interest rates, repayment terms, and more. Empower yourself with knowledge and make informed decisions as you seek the financing your venture needs to thrive.
Yes, subject to the specific guidelines of individual brokers. Many brokers will offer services to all types and sizes of commercial set-ups while some may specialise in working for only some types of operations. Some brokers may also specialise in certain industry sectors or with specific financial products.
Commercial loans all offer tax deductible elements. These vary with the different products including Chattel Mortgage, Leasing, Rent to Own and Commercial Hire Purchase. Interest payments are all tax deductible. With Leasing and Rent to Own the repayments are tax deductible. With Chattel Mortgage a tax benefit is realised through depreciation.
The interest rates vary with the different funding products. Rates will change across the market with changes in the cash rate by the Reserve Bank. Rates will differ depending on the individual application and credit rating. Rates can vary for equipment in different industries. Credit providers will advertise their best rate for good credit rating applicants.
Yes. Having a current ABN is an essential requirement to be eligible for commercial funding products. Additional documentation on the financials of the operation and other details will be requested as part of the application process. If not all documents are available, ABN holders may seek No Doc or Low Doc options.
The same products apply across all industries and types of operations. But the funding offers can vary across different industry sectors for some credit products. This may occur with equipment and machinery in particular. Interest rates on equipment funding may be different from one industry to another. This may be due to risk assessment of the sector or the individual guidelines of a particular lender. Vehicle funding interest rates would be less subject to industry variations.
The type of credit product best suited to a commercial enterprise will depend on:- accounting method used; balance sheet approach; approach to tax; and financial objectives. The most popular options are Vehicle Leasing and Chattel Mortgage. Operators are advised to discuss choice of product for suitability with their accountant.
Cash flow support may be sought through an Overdraft Facility or a Secured or Unsecured Funding Option. All may be sought to support an operation with ongoing expenses to support cash flow.
New start-ups with an ABN are eligible to apply for all types of commercial loans. As most will not have all the documents for the application, they may seek No Doc and Low Doc options through specialist providers and brokers. Funding can be sought for vehicles, trucks, equipment and other purposes.
To be eligible for commercial loan, applicants must hold an ABN and identification are essential requirements. GST registration is not essential. A selection of documentation, docs, is requested. This may include tax returns, BAS returns, trading figures, bank statements, balance sheets and annual accounts.
Refinancing may be considered for many types of commercial funding arrangements. These may include asset acquisition funding, overdrafts as well as general secured and unsecured arrangements. Refinancing may be sought for a range of purposes including to achieve a lower interest rate, restructure repayment schedule or as part of a business-wide review of financials.
In general terms, any equipment which is for use in a commercial operation may be eligible for commercial funding. The ATO sets out eligibility for tax deductible asset acquisitions. The type of equipment will vary depending on the industry. It can include heavy machinery and equipment right through to general equipment such as computers, IT and photocopiers. Lenders may have their own guidelines as to what equipment they will fund.
Commercial financing is available through major and second tier banks and a wide range of non-bank lenders. Brokers offer services to assist operators to source funding to suit their requirements.
Rates are offered following an assessment of the application. The rate will be based on the credit rating of the applicant, the amount being applied for, aspects of the goods or purpose of the funding and other aspects. Rates offered vary across the lending market and are subject to the individual guidelines of the credit provider. Changes to monetary policy by the Reserve Bank can impact the interest rates market.
Features and structure of commercial loans should be assessed in relation to the accounting methods and objectives of the company. Consulting with an accountant can assist with this process. The best option is the one that suits the individual objectives and goals.
No. ABN holders and sole traders that are not incorporated are still eligible for commercial loans. Some lenders will have guidelines around application approvals. Small enterprises may seek a credit provider that accepts applications from their type of operation or seek assistance from a broker.