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Find the Right Bank Business Loans Solutions

Despite the growth in the non-bank sector, banks remain the major source of commercial funding for Australian businesses. With our sharp negotiating skills and smart systems, we assist owners and managers of enterprises to quickly, efficiently and successfully, obtain the most suitable commercial credit option from banks, at the lowest rates and the most acceptable terms and conditions.

Business Finance Find the Right Bank Business Loans Solutions
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Comparison
Compare Competitive Interest Loan Rates with Our Current Low Rates

Banks, both the big 4 majors and the second tiers, may lead the field in providing commercial credit. But that does not mean they necessarily offer the lowest interest rates to all customers and for all credit products.

Compare rates from banks with what we are currently achieving in low interest rate commercial credit.

Loan Amount Loan Term
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Disclaimer: The comparison rate displayed is calculated for a loan of $30,000 over 5 years. The results from this calculator should be used as an indication only. Quoted repayments are based on advertised rates and do not include lender fees and charges. Results do not represent either quotes or pre-qualifications for a loan. The specific details of your loan will be provided to you in your loan contract. It is advised that you speak with us so that we can provide you with advice that is tailored to your situation.

17 May

Today's best rate

Finance Equipment From

4.99 % Fixed

* The interest rate is calculated on a secured loan for commercial use, effective 17/05/2024 and subject to change. Warning: the interest rate is only true for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts may result in a different interest rate.

17 May

Today's best rate

Finance Equipment From

4.99 % Fixed

* The interest rate is calculated on a secured loan for commercial use, effective 17/05/2024 and subject to change. Warning: the interest rate is only true for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts may result in a different interest rate.

Why use us
Why Using a Broker for Bank Business Finance Delivers Returns

The traditional process for owners, managers and accounts officers to source new credit is simply – to call the bank. The bank that they have had dealings with and which holds their transaction accounts. But in today’s diverse commercial credit market, that may not deliver the most cost-effective and workable outcome.

While banks dominate the commercial credit market, the features of individual products, the application approval guidelines they operate under both as individual companies and as institutions can vary significantly. Their operating costs and analysis of the market can vary which results in variations in interest rates. Variations can be seen from bank to bank and within the same bank in regard to what is approved.

Navigating this complex and growing market can be beyond the time capacity, acumen and capabilities for many owners and managers. Our broker services provide a streamlined and practical approach to sourcing the right credit option from the right provider and the best rates and conditions. Covering off on more options, more quickly.

Bank Business Financing Yields Results

How to Use a Broker
How to Use a Broker to Source the Right Bank Business Loans

Using a broker is simple and sensible. On the initial contact we assign a consultant to handle the process from the initial briefing through to settlement. Bringing the best options for consideration while our clients retain full control of all decisions. One phone call to access multiple providers, multiple products and smart, sharp expertise.

You don’t have to use the same bank as your accounts to source credit. You can apply for credit from a different bank to the one you use for transactional purposes. You don’t need to switch banks to apply for credit.

Access Commercial Loan Options for Business Acquisition.

Fast and Extensive
Access to Bank Financing

We have accreditation with over 80+ banks and non-bank providers, giving us immediate, industry-level access to an extensive selection of options for our clients.

Our accreditations include Australia’s leading banks such as:-

  • ANZ Commercial Loans: One of Australia’s Big 4 banks, servicing over 8.5mh personal and commercial customers with an extensive selection of products at competitive rates.
  • CBA, CommBank Commercial Loans: Australia’s leading and largest banking institution and a major source of competitive commercial credit options and integrated solutions.
  • BOQ Bank Commercial Finance: One the largest regional banks in Australia, Bank of Queensland remains one of the few not part of a larger banking institution.
  • Westpac Bank Commercial Loan: Australia’s oldest banking institution and still one of the Big 4 in the market, offering full service options and funding for commercial customers.
  • NAB Bank Commercial Finance: Another of Australia’s Big 4, offering a comprehensive portfolio of commercial credit solutions for all types of operations.

We have industry-level communication channels with our contacts at the banks. Contacts with whom we can discuss our clients specific requirements and negotiate on rates and specific terms and conditions to arrive at the right solution. You don’t have to choose which you would like a quote from. Though you can. We consider all the options and analyse the detail to present you with the right solution for your purpose.

Large Portfolio
Types of Bank Finance

A large portfolio of credit products are available through the banking sector, including:-

  • Asset Acquisition Funding
  • Chattel Mortgage
  • Lease
  • Hire Purchase
  • Asset Rental
  • Overdraft
  • Secured and Unsecured Credit

We provide clients with access to the full selection of bank credit options.

Comparing Finance Rates for Minimal and Zero Documentation
Alternative Approaches to a Bank's Commercial Loan

Australia’s banking sector
Optional Solutions to a Commercial Loan from Bank

Australia’s banking sector can be extremely competitive when supporting sole traders, companies, ABN holders and others with commercial credit products. But the non-bank sector is also very competitive and without the restrictions of banking institution status, can be very flexible.

To assist clients access the right options at the lowest interest rates, we deal with many non-bank as well banking lenders.

Some of our non-bank accreditations include:-

  • Scotpac (Scottish Pacific) Commercial Finance
  • Thorn Commercial Finance
  • Capify Commercial Finance
  • Capital Commercial Finance
  • Prospa
  • Moula

Clients don’t have to decide which lender. Our consultants know which are best-suited to individual requirements and profiles and source the most suitable option to present for client consideration.

Quick Approval
Get Fast Approval for Bank Commercial Loans

Don’t wait on-hold and for calls back. Get approved quickly with our smart application systems and streamlined sourcing services. Apply now and you could have approval within 24 hours.

Swift Approval: Fast-Track Your Financial Goals

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FAQs
Bank Commercial Loans

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.

Our Lenders
Trusted by 60+ lenders Australia-wide

Westpac
Liberty
Automotive Financial Services
Macquarie
Finance One
Commonwealth Bank
Pepper Money
Morris
National Australia Bank
RACV
Get Capital
Prospa
Grow
Selfco Leasing
Scottish Pacific
Our Lenders

Trusted by 60+ lenders Australia-wide

Westpac
Liberty
Automotive Financial Services
Macquarie
Finance One
Commonwealth Bank
Pepper Money
Morris
National Australia Bank
RACV
Get Capital
Prospa
Grow
Selfco Leasing
Scottish Pacific