Commercial

There are many options in respect to borrowing money for commercial purposes.  Like the residential side of lending this too can be confusing.

We are able to provide market competitive quotes on finance for the following:

• Small Business Mortgages – this enables money to be borrowed by using residential or commercial property as security at lower rates. This can also be suitable for the purchase of plan, equipment or property for business use.
• Business Loans - are appropriate for customers seeking longer-term finance for specific purposes. Where residential property, cash or a bank guarantee is available to secure the facility the business loan can be used to access lower rates and fees. A Commercial Loan should be used where other types of security are offered.

Residential Security Offered

• Business Overdraft – is an ideal solution for businesses with short-term financing needs by using the equity in residential properties. Overdrafts can help overcome the difficulties caused by fluctuating cash-flow requirements in a variety of common business situations such as: o Making stock purchases while awaiting payment for goods already sold
• Timing differences between payment of creditors and receipt of money form debtors
• Seasonal fluctuations
• Business Loan – a specific purpose fully drawn loan with a variable or fixed rate of interest and is priced to represent the lower risk associated with residential security. This facility can be used to assist with capital expenditure such as the purchase of business related property or equipment.

Commercial Security Offered:

• Commercial Line of Credit – is an ideal facility for short-term buying or trading opportunities and is a cost-effective way of funding expansion or injecting working capital into the business venture.
• Commercial Loan – is available normally with a Principal and Interest repayment option however it may be available as an Interest Only facility at the discretion of the lender.
• Commercial Overdraft – this is an ideal solution for businesses with short-term financing needs. Overdrafts can help overcome the difficulties caused by fluctuating cash-flow requirements in a variety of common business situations, such as:
• Making stock purchases while awaiting payment for goods already sold
• Timing differences between payment of creditors and receipt of money form debtors
• Seasonal fluctuations

Visa Business Card

This facility offers a simple, convenient means of settling business expenses while managing your business cash-flow. Total limits can be split between card holders, allowing for control of spending authority within a business.

Specialised Commercial Lending

Bank Guarantees – rather than tying up working capital, an attractive option may be to obtain a Bank Guarantee so that funds (or other forms of security) can remain with the Bank to earn maximum interest. There are no payments payable b the client on a Bank Guarantee, but establishment fees and half yearly service fees generally apply. Guarantees are issued on the customers behalf for the following purposes:

• Contract Performance Guarantees (within Australia)
• Guarantees for accommodation purposes
• Requirements by Government Departments, Customers, Railways etc

Construction and Development Finance

We can assist with property developments or builder finance via financiers specialised Property Finance Departments. With Property Finance the customer is assured a reliable source of funds, prompt progress payments, draw down as required, ongoing loan facilities and competitive interest rates. Property Finance is ideally suited to fund the construction of:

• Residential houses or townhouses o Industrial premises
• Office and retail premises o Development of residential vacant land and sub-divisions for business or investment
• Development and long term investment

Cash-flow Financing – this provides opportunity for businesses to borrow against their debtor ledger to fund business growth. Benefits of this products include:

• Frees up real estate security normally required for overdraft facilities.
• 80% of debtor ledger funded up front with balance at collection.
• Debtor collection is professionally administered therefore freeing up staff time.
• Interest costs similar to overdraft rates.
• Enables business to negotiate terms with suppliers for bulk orders and alleviates the need to offer terms of trade discounts to their customers..