Commercial & Business Loans

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.

Because they are unsecured the application is simpler and the loan amounts are often smaller – usually anywhere from $5,000 to $300,000. These types of loans can have turn around approvals and deposit cash into your account in as little as 24 hours.

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.

• Overdraft: An approved amount of credit you can use if and when you need it, that’s usually attached to your business transaction account.
• 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.
• Trade and Inventory Finance: A short-term loan that allows you to purchase stock in advance without using up all your cash reserves.

Invoice Finance or Accounts Receivable

Looking for an effective way of unlocking cash that’s already been invoiced to your clients? Sometimes called Invoice Finance, Debtor Finance or Accounts Receivable Finance, this is like a cash advance based on the sales you’ve already made to your customers, without having to wait for the traditional 30, 60 or even 90 day payment periods.

A lender considers the invoices or monies you have owing as an asset. They’ll lend you a percentage of the money that’s owed to you, then pay you the remaining balance once they’ve collected the invoice, less a small percentage.

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.

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.