Commercial Loans

So you’ve decided to stop renting and buy your own premises, congratulations. But, where do you start in regard to getting finance? Your own bank may let you borrow typically 65% of the purchase price but is that enough? Have you allowed for any GST, government fees and any capital expenditure required on the property? And, how long will you have to pay the loan back over? Will the standard 15 years put too much pressure on your cash flow?

We have experts with over 30 years in commercial finance and understand these very real issues and will work through the numbers closely with you to devise the best plan for seeking finance. We have access to all the major banks and a whole plethora of specialist commercial lenders that can offer loans at up to 80% of the purchase price or loan over 30 year terms to help your cash flow. You don’t have to move your business banking across to them, either they can be standalone – so causing minimum disruption for you – or, some lenders may not even need latest financials and tax returns if not available.There are many options these days if you know where to go.

Our approach is to work through what is important to you, understand your financial position fully, take advice from you as to whether to engage with your current banker in our review process and to put forward the best proposal to secure your finance for you efficiently and quickly.

Looking for your first or next commercial property investment? Not sure how much you can borrow and how the lenders will assess your income streams? Maybe the property you are buying has multiple tenants with varying lease terms? Following the COVID-19 outbreak many lenders changed their appetite, dialing back exposure to certain types of commercial properties such as shops, and offices. These can be common issues faced by property investors in this space and securing funding can be more difficult. Some lenders want to understand your complete financial position which can be a challenge if your structure is complicated.

Our commercial finance experts have all the tools necessary to fully review your financial situation and look at multiple tenanted properties. We can do all the calculations that the lenders need to consider for a financing application and after consultation with you, will approach multiple lenders in order to obtain terms and provide comparisons of the top lenders for you to consider. Our panel is wide so that maximises our chances of finding a great home for you at very competitive terms. Some lenders only need to see the lease for the property and can make an assessment based on that alone, saving you having to provide unnecessary information.

Loanworx has an experienced team of brokers with the right contacts and skill sets to best handle these types of transactions ensuring that you get a great result.

As a shrewd investor, saving money is super important so when did you last review your borrowing to check if you were still getting a great deal? Do you need to raise some money to improve the property or make essential repairs? Or do you need to extract some equity for that next purchase? If you think it is too much work and time consuming to change lenders then read on. Let us do the heavy lifting.

Investigating refinancing your existing loan can be a very worthwhile exercise. If you haven’t reviewed your commercial loan in the last two years, we could potentially save you thousands in interest paid. As an example, a 0.5% rate saving on a $1,000,000 loan over five years could save you around $25,000 in extra interest over the five years if interest only.

We call it ‘easy money’ because saving money by refinancing is so easy to do with us.

We are here to make it easy to move lenders and access extra funds if required. Our commercial finance experts have all the tools necessary to fully review your financial situation and look at multiple tenanted properties. We can do all the calculations that the lenders need to consider for a financing application and after consultation with you, will approach multiple lenders in order to obtain terms and provide comparisons of the top lenders for you to consider. Our panel is wide, so that maximises our chances of finding a great home for you at very competitive terms. Some lenders only need to see the lease if you are buying an investment property and can make an assessment based on that alone, saving you having to provide unnecessary information. If you operate from your property then you may need to provide two years financials and tax returns. However, we may have other options for you if these are unavailable.

Loanworx has an experienced team of brokers with the right contacts and skill sets to best handle these types of transactions ensuring that you get a great result.

If you have, or are setting up, a self managed superannuation fund (SMSF) then your accountant, lawyers or financial planner may have suggested that you consider purchasing a property via your SMSF. Or, maybe you already own a property and possibly paying too much with your current lender. Either way, if you don’t know where to start – as the major banks no longer offer that type of funding – then getting finance can be challenging. 

Unlike in the residential space, you are able to purchase a commercial property from which you can operate your own business via a lease arrangement. That is in addition to purchasing a property for rental to a third party.

Whilst you must always take professional, legal, accounting and financial planning advice, we understand what you can and can’t do by way of borrowing funds using this type of structure. Here at Loanworx, we have financed a number of these so we understand the issues to be aware of and work closely with your professional team to ensure that we are all on the same page. We work with a panel of lenders that specialise in this area to ensure we get you a great deal and meet all of your legal obligations. Our approach here is to project manage this for you and ensure that your transaction proceeds smoothly and with the minimal involvement from yourself.

As an existing property developer or first timer, you will understand that a development project whether 3 or 100 units will have its own set of challenges and requirements. With many major lenders only assisting their existing clients, getting access to finance is tricky and not a fast process. Private lenders can be expensive and not knowing who is reputable can make this a costly mistake. Once you’ve got your feasibility study, where do you start?

The solution is to use one of our experienced brokers. Early engagement with us is critical here to avoid holding costs eating into profit. We work with a number of lenders whether undertaking residential or commercial development. Loans are normally available based on a set percentage of the construction costs or the end value. Some lenders require pre-sales and these are closely scrutinised to ensure that they meet their specific requirements. At Loanworx, we have access to major banks, non-banks and private lenders – all have their part to play here depending on your situation. We also have access to specialist funders who will consider mezzanine funding where traditional bank lines are full and also where no pre-sales are available, although their rates will be higher.

We can provide you with a detailed list of what we need in order to go in to bat for you for funding your project. Don’t worry if you don’t have everything yet, we can get together and start from the feasibility study and take it from there. Once we’ve established the project’s feasibility and your plans for repayment or ongoing servicing of the facility, then we can get to work with the remaining information we need and start putting a detailed financial proposal together for you. There’s normally a fee associated for this work which varies depending on the complexity of the project. For sure, the benefit you’ll gain by dealing with an experienced commercial broker will not only maximise your chances of success but also obtain you the most competitive terms as we work with multiple lenders to find you the best deal.

So if you’re ready to chat about your next project give us a call, we’re happy to help.

You may be looking at an acquisition or merger in order to grow your business, or change of management team, which will require you to restructure your business borrowing arrangement or take on extra debt. Or perhaps you’re wondering when you last checked to see if you were getting a good deal? If you are an existing borrower, your current lender may have made slight product or interest rates changes which over time may mean you’re paying more than you should be. Lenders sometimes get complacent believing you will not move elsewhere. So, where do you turn to for advice? 

Buying a business is a major investment. It’s critical you have the funding effectively structured – that’s where we come in. We’ve a vast array of different facilities that may suit your circumstances and will tailor make a package that’s just right for you. If you’re already in business and borrowing, then we can check out what other financiers can offer to win your business. Chances are you’ll be surprised by how much you’re currently paying over the odds for your funding. If you are finding service from your banker is poor, or feel you are not getting a fair hearing, then give us a call. We’d be only too pleased to find an experienced banker to help you.

Our commercial finance brokers understand that getting the right mix of funding is critical when purchasing a business, as it has a major bearing on the amount of equity, security and repayment term required. We have the knowledge of a variety of different funding methods, often used together so we can find a solution for you to cover these aspects. Whether you’re buying an equity share in a professional practice, a franchise or a complete business, we’re here to help. Often a change in Relationship Manager at your bank means having to re-educate your banker about your business. At Loanworx, we’re not going anywhere, so with our in-depth understanding of you and your business, we can make the transition to another banker smoother for you should you decide to change.

Cashflow is the lifeblood of a business and critical to a businesses survival. If you are struggling with your cash flow, or stuck on how you will fund additional work or lucrative contracts, this can be a major distraction for you and potentially lose you significant income. You may have over-expanded, ordered too much stock, not collected your debtors well or had an unexpected bill. It’s vital you have a plan B for when you’re up against it.

Loanworx has expert commercial finance brokers that can review your current structure, and budgets to ascertain the appropriate level of working capital required and find the best and most cost effective solution. This includes how to improve supplier terms and manage customer receipts better. Options available may include the use of overdraft, trade finance, invoice finance, or letter of credit. There are many options to consider each with their own merits – we work with you and your accounts to review forecasts and can advise you on the best combination based on your type of business, terms of trade and cash flow cycle. The solution can be one off for a specific project, or longer term depending on your needs.

Perhaps business is booming and you need to acquire additional machinery or equipment, some more company cars, trucks, earthmoving equipment or maybe racking for the additional stock you are holding – what is the best way to fund this? Your accountant is normally your first port of call and once they have given you a steer, then you need to figure out who to go to for the finance. Will your current provider look after you or is there a better deal and do you have the time and contacts to shop around?

Through our network, we have access to a wide range of lenders offering chattel mortgages, leases, and novated leasing. Our Commercial Asset Finance Specialists will structure the right deal for you at the right price quickly, and with minimum fuss – often without needing financial accounts. Your interest rate is normally fixed, giving you certainty of repayment making it easier to budget. Let us help you by handling that next asset purchase for your business.