Specialist Business Loans Broker for Adelaide South Australia

Commercial credit brokers and accountants offer different services. The services of an accountant centre primarily on doing the accounts, preparing BAS and tax returns and other similar tasks. They may also advise on the type of credit products best suited to their clients. The services of a broker are to source and structure funding to meet specific requests and requirements. Accountants are not typically licensed credit providers and do not usually have the accreditations with banks and lenders to source funds for clients. In some cases, accountants do represent clients in contacting their bank re lending.

No. Commercial lending brokers can be directly approached by operators to use their services. A referral is not required from another party.

Some advisors may also provide broker-style services. But by definition and by the services provided, the roles are different. An advisor typically focuses on advising individuals and firms on investments, structuring superannuation and other ways to utilise existing funds. A lending broker sources funding to cover acquisitions and other purposes.

The role of the commercial credit broker is to source the best solution for the client and represent the client in dealing with lenders. Brokers have access to more than just the one bank. They may have access to more than 80 banks and other non-bank lenders. This provides them with the resources to source the lowest interest rate and more suitable funding from across more options. Brokers also have specialist knowledge and can save clients a lot of time.

Attending the offices of a broker is not generally required in order to use their services. Operators do not have to use a broker in their town or region. Clients can select a commercial lending broker that provides services by phone and online. This enables all communications including submitting applications, discussing requirements and transfer of contracts and quotes to be carried out electronically.

Yes. Commercial lending is national and funds can be easily sourced for purchases being made interstate. The type of credit products and the interest rate that would apply are not impacted by where the vehicle is sourced. The age and condition of the used vehicles would come into consideration. Tax rulings regarding commercial credit are a Federal concern and the same for operators in all states and territories.

Individual brokers may specialise in certain areas which may impact the specific products they offer. Brokers can provide a wide range of commercial credit products including Leasing, Chattel Mortgage, Rent to Buy, Hire Purchase, Secured and Unsecured Credit, Lender Overdraft, Commercial Property Funding as well as specialist options such as Invoice Funding.

Yes. As long as an operator has an ABN, they are eligible to apply for commercial credit and use a broker. Many small and sole operators can benefit even more from using a broker as they do not usually have as much leverage with banks and finance companies as larger concerns. Freelancers without all the financials may also require a broker that offers no docs options.

The specific types of machinery that an individual broker may source lending for, can vary. Some brokers may specialise in specific industries or equipment categories such as heavy equipment or heavy vehicles. Others will source lending for all types of equipment used in an operation across all industries.

Yes. Brokers can handle all types of commercial funding requests, depending on their individual service offering. Selecting a broker that offers a full range of services and with experience in the specific industry can be of great benefit.