Commercial Loan
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Commercial Loans Canberra
Looking for a business or commercial loan? We’re experts in sourcing the best loan package possible to help you with your investment strategy.
Our Commercial Loan Wollongong team has many years of experience in helping our clients with their businesses and commercial loans. We promise to help with any immediate or long-term plans for loan funding for you work through your commercial projects. We’re highly confident that we know exactly how to help you and handle your plans.
Here are a number of reasons for obtaining a commercial loan, including (but not limited to):
- Purchasing a franchise;
- Acquisitions of businesses/companies;
- Purchase of long-term assets & inventory;
- Commercial real estate;
- Property development; and
- Upscaling infrastructure.
So, it is important to understand exactly how a commercial loan can benefit your strategy. Plus, it is important to also distinguish this when comparing to a regular home loan. For instance, there are many different types of commercial loans that are available to you.
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Types of Commercial Loans
Term loan
This type of loan suits the funding for business expansions, capital purchases, development of commercial property and the like. It is a form of financing that is ordinarily amortised over a fixed number of years and has the ability to use either a variable or fixed interest rate.
Commercial bill
This type of financing offers plenty of flexibility in utilising interest rates that are reflective of the market. A commercial bill facility is perfect for different financial requirements, that may either be for the short or long term. It will enable you to manage your cash flow effectively due to the ability to only provide payments on maturity of the bill; with the added benefit of providing interest rate protection and also flexibility.
It works by way of providing a guarantee with the lender on an agreed amount that is payable at a set date upon maturity.
Overdraft
This term is an achievable term as long as the overdrafted amount does not exceed the facility's limit. Building up a commercial overdraft allows a credit limit facility to be managed. This can be either unsecured, or secured by a mortgage and other securities.
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