Commercial Loan

From working capital, unsecured loan, term loan, SMSF lending, debtor invoice financing, commercial property and development, we have tailed solution for you.

Working Capital Finance

Working capital finance is a business loan that can help you take care of your immediate and day-to-day costs.

Like the name suggests, having this type of financing means you have the capital to cover vital operating costs like paying suppliers, covering wages or adding inventory to make the most of busier business periods.

Importantly, it also means you can have funds at hand when you need them to create growth and make the most of any opportunities when they happen.

Overdraft

One type of Working Capital Finance is an overdraft facility. It’s an approved amount of credit you can use if and when you need it, that’s usually attached to your business transaction account. Because it’s designed to be a day-to-day facility, and not for capital purchases or long-term financing, an overdraft may provide a permanent source of short term funding to meet your operational expenses.

Line of Credit

For access to larger amounts of finance, a Line of Credit is another option. Like the overdraft facility, it’s credit you can access when it’s needed, but usually secured against property and generally not attached to a transaction account.

Trade and Inventory Finance

For many businesses, keeping adequate stock levels on the floor is what keeps them running efficiently. Inventory Finance is a short-term loan that allows you to purchase stock in advance without using up all your cash reserves. The products you buy are the collateral, so you don’t have to use your assets to secure the loan. This type of finance is especially useful for overseas trade purchases when buyers and sellers aren’t known to each other.

Unsecured Business Loans

A faster way to access finance for everyday expenses.

Unsecured business loans are a relatively new option for businesses that need to get access to some extra funds. The obvious benefits of this type of finance is the speed in which access is granted to the finance, with simplified application process. This may allow you to quickly take care of cash flow, cover urgent expenses, or make the most of an opportunity.

In recent years, a number of agile, financial technology (fintech) lenders have entered the finance market in Australia. These more non-traditional lenders can turn around approvals and deposit cash into your account in as little as 24 hours. Because they are unsecured the application is simpler and the loan amounts are often smaller – usually anywhere from $5,000 to $250,000. It also means there is greater risk to the lender so the interest rates may be relatively higher and the loan terms a lot shorter, with principal and interest repayments generally on a weekly basis but sometimes even daily.

While the access to funds can be handy, it’s important to weigh up the repayment terms and amounts to make sure this short-term cash injection helps your business over the short and medium-term.

Term Loans

Terms loans are commonly used to buy commercial real estate, or to buy an existing business or franchise.

If you’re familiar with home loans, you’ll understand the principles of how a term loan works. Generally speaking, this type of loan can be used for two purposes – business or property.

Business purposes includes buying a trading business or franchise, a new business start-up or the expansion of an existing business.

The types of commercial real estate purchased encompasses a very broad spectrum. The types of real estate include established, vacant or to be developed land; owner occupied or investment; and zoned from retail, industrial, office, warehouse, factory unit, to specialised property such as aged care facilities, or hotels and taverns.

These loans almost always require security, generally over the commercial or residential property, and in the case of business loans, the assets of the business as well.

The amount you can borrow and the interest rates you’re charged are dependent upon a number of factors including loan purpose, security offered, history of the business, management experience and strength of your repayment capacity.

And, of course, you may be able to vary the loan amount, loan term, choose fixed or variable interest rates, and choose to pay back principal and interest, or interest only.

There are so many choices to consider, and that’s why enlisting the help of an experienced business finance broker is a smart place to start.

Self Managed Super Fund Loan

Have you considered using the funds in your Self Managed Super Fund to invest in commercial property?

The savings you’ve built up in your Superannuation Fund can be used to make investments in a range of asset classes. By transferring your super to a new or established Self Managed Superannuation Fund (SMSF) the opportunity to use gearing to purchase property may become available.

Using your SMSF funds as a deposit, some lenders will approve loans starting at just $100,000 to purchase property, and the income generated from the rental can help meet your repayments.

With commercial property, it may be possible for your SMSF to purchase a property that will be occupied by your business, as long as the rent is at market rates.

Essentially this type of finance is a Term Loan with features such as flexible terms up to 30 years, the choice of principal and interest or interest only repayment, and the options of fixed or variable rates, or a combination of both.

There are many rules and regulations governing your SMSF so it’s important you get the advice of a financial professional, like your accountant or financial planner to assist you to make the right choices.

Get a Free Consultation

At Joy Finance, we assess the goals and needs of our clients and find a solution that is tailored to their needs. We select the most suitable loan product out of 1000 different loans, that perfectly fits our clients’ personal / business goals. We partner with the best real estate agents, accountants, lawyers to help our clients in applying for the right loans. At Joy Finance, we work around your schedule. Our mortgage broker is available to assist you between 9 AM -9 PM, 7 days a week and respond to email within 24 hours. Give us a call today or apply online for a free consultation.

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