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FAQ
Got finance questions? We have answers.
FAQ
Business loans FAQ
The amount you can borrow depends on several factors, including the lender, the loan product and the financial position of your business. Speak to our expert team to find out exactly how much your business can borrow.
It depends on the lender. Some institutions can take weeks to process your application while others can get you the funds within 24 hours. If you need funds quickly, speak to our expert team who can guide you to the right lender.
That depends on your personal situation and the lender’s criteria. Some business loans require collateral to secure the loan such as residential or commercial property. Others don’t. Our expert brokers can talk you through your options so you get the right loan for your business, whether the product is secured or unsecured.
Some lenders let you pay off your loan early without penalty. Others may charge you an early repayment fee. That’s why it’s important to get a financial solution that suits your business’ needs and circumstances. Speak to our expert brokers to get started.
Yes. Refinancing your business loan can be a good way of ensuring your rate stays competitive and the loan product continues to meet your needs. However, refinancing doesn’t suit every business and there may be costs involved. Our expert brokers can talk you through all your options so you’re confident you’re making the right decision.
FAQ
Equipment finance FAQ
Yes. Pre-owned equipment can be financed in the same way as new equipment – though it may depend on the equipment’s age and the lender. Low doc and no doc products are also available. Speak to Commercial Loans to discuss all your options.
You have two options. Either spend countless hours comparing the thousands of products available in Australia’s crowded finance market yourself. Or save yourself time, money and stress by getting an experienced commercial loan broker like Commercial Loans to do all the legwork for you.
Different lenders have different guidelines. So you need to make sure you apply with the right lender, otherwise, you could be rejected and potentially damage your credit score. At Commercial Loans, it’s our job to know the ins and outs of lenders’ credit policies. So we can guide you to the lender best suited to your circumstances, including low doc and no doc options.
The better your credit score, the more options you’ll have when it comes to financing. But it’s still possible to get an equipment loan if you have poor credit. In fact, Commercial Loans has helped many Australians with low credit scores get the finance they need to grow their business. Speak to us today to discuss all your options.
Not necessarily. It depends on the lender and the loan product. At Commercial Loans, we know the lenders that offer 100% finance. So if you want to boost your business while protecting your working capital, speak to us today.