15 Trusted Commercial Loan Lenders in Melbourne

December 31, 2017

So what are commercial loans?

 

Commercial loans are the primary source of funding when you need the money for a term longer than one year. The debt can be secured by traditional residential or commercial property, “non-traditional” assets as well as the business itself.

 

The interest rate used in commercial loan is based on a number of bank based matrices, including the type of security provided, the purpose of the loan, and the source of income used to service the loan.  The bank's cost of fund as well as their existing loan book also affects the interest rate and of course, the customer's negotiation skills! 

 

There’s no such thing as a “standard” commercial loan as almost all business bank transactions are analysed case by case by the commercial loan lender.  That said, there are some common features that most business loans have:

  • Terms of commercial loans are typically between 1 and 15 years

  • Interest only terms are usually limited to no more than the first 5 years

  • Interest rates can be fixed or variable but some offer more complex interest rate hedging strategies

  • Typically, most loans don’t offer loan offset accounts

You can make an extensive list of purposes that this type of loan can provide funding for including:

  • Commercial property purchase

  • Business acquisition

  • Working capital funding

  • Construction / development

  • Premises renovations and upgrades

  • Asset purchases

 

Top Commercial Loan Lenders

What does AMP provide?

Planning to borrow up to $500,000, available in a loan with a maximum term of 30 years and a loan with a master limit.

 

Features:

  • a commercial loan secured on your residential property

  • the option to borrow up to 90% of the value of your property

  • fixed rate, variable rate and line of credit options

  • potential for interest-only repayments for up to five years

  • a 100% mortgage offset facility may be available for variable rate loans.

 

All too complicated?

Running a business is hard enough, if you want some advice on you can take advantage of this type of funding, feel free to contact us.

What does ANZ provide?

Any Ownership Structure

Whether start up, or in business for over 5 years ANZ will consider your lending application under the correct criteria.

 

Choice of secured or unsecured finance

Commercial Loans can be secured by various forms of security including residential, commercial or rural property, business assets or a combination of these.

 

Flexible repayment terms

Choose your preferred repayment terms, and select interest only (with a maximum term of five years) or principal and interest.

 

Variable or fixed interest rate

We give you a choice of a variable or fixed rate commercial loans and the ability to lock in your fixed rates for interest rate certainty. Plus, you choose if you pay interest in advance or in arrears.

 

Deal breakers on Commercial Loans

ANZ typically doesn’t deal with clients who have credit defaults or an outstanding tax liability.

 

All too complicated?

Running a business is hard enough, if you want some advice on you can take advantage of this type of funding, feel free to contact us.

 

What does Bank of Melbourne provide?

Variable rate commercially secured loans now have a maximum term of 25 years.

 

Variable rate residentially secured loans now have a maximum term of 30 years.

Borrow from $20,000 and above, fixed or variable rate commercial loan with flexible repayment options.

Benefits:

  • Make additional repayments without penalty

  • Security options include cash, property, a guarantee or business assets

  • Flexible repayment structures include Interest Only or Principle, Interest and Fees.

  • Interest can be paid in advance for the year, ahead or on a monthly basisto help manage cashflow.

 

All too complicated?

Running a business is hard enough, if you want some advice on you can take advantage of this type of funding, feel free to contact us.

 

What does Bankwest provide?
 

Manage your cash flow with varied repayment options.

Access to your surplus funds through online banking.

Maintain your account number when switching to a Business Fixed Rate Loan.

 

Features of commercial loans:

Manage your cash flow with varied repayment options (monthly, quarterly, half yearly and annually)

Choice of interest only repayments (maximum 5 years) or principal and interest repayment options (subject to approval and conditions)

Ability to select your preferred interest raising date to suit your cashflow needs

Decrease your loan term using lump sum repayment without penalty

Online redraw to access surplus funds

Minimum loan amount $10,000, maximum loan amount is subject to approval

Interest rate risk management options available to help protect against adverse rate movement

Easily manage cashflow with the ability to pay interest monthly, or at maturity

 

Additional Extras:

Progress drawdowns to suit construction requirements

Interest may be capitalised (subject to approval and conditions)

Ability to add to a Multi Option Facility (an agreed umbrella limit across multiple products with no need to renegotiate each time you require to adjust individual product limits)

 

All too complicated?

Running a business is hard enough, if you want some advice on you can take advantage of this type of funding, feel free to contact us.

 

What does Bank of Queensland provide?

 

Their Business Term Loan can be suitable for a range of purposes including small business financing, business purchase, expansion, construction of new premises or major plant and equipment upgrades.

Features and Benefits

  • Choose between a variable or fixed rate loan

  • Fixed rates for 1 to 5 years are available.

  • Redraw facility available on variable interest rate Business Term Loans.

  • 25 years for loans 100% secured by residential property

  • 15 years for non-residential property or mixed security

 

All too complicated?

Running a business is hard enough, if you want some advice on you can take advantage of this type of funding, feel free to contact us.

 

What does CBA provide?

A convenient and flexible loan that helps you keep cash on tap and take advantage of transparent market rates. Your loan rate is set according to current market rates with a choice of interest hedging options to protect your business against rate rises.

Access funds up to your borrowing limit when you need them:

 

  • Make interest-only payments, then repay the principal when it suits you

  • Choose from market interest rates with 30, 60, 90, 120, 150 or 180 day rollovers

  • Manage your exposure to rate changes and protect your business against rate rises

  • Pay interest in arrears, just like a standard home loan

  • Access your account online 24/7, through NetBank or CommBiz

  • Access to a range of online management tools in CommBiz. Features include:

    • Intuitive dashboard to view loan details including the facility limit and linked accounts

    • Nominate who can access and use your loan facility

    • View upcoming loan events like the rate reset date

    • Request new loan drawdowns or increase/decrease loan balances

    • Download your transaction history and account statements

    • Consolidate accounts

  • Borrow a minimum of $500,000

Choose your loan structure

Access funds up to your borrowing limit when you need them

Structure your repayments to suit your cash flow situation

Choose any combination of variable, fixed or capped interest rates.

Interest rate management options

Choose an option to protect your business from interest rate rises:

  • Fix: Your interest rate is fixed for an agreed term

  • Cap: Your interest rate will never exceed your cap over the agreed term

  • Range: Your interest rate will be fixed for an agreed term, provided you keep within a set account balance

 

All too complicated?

Running a business is hard enough, if you want some advice on you can take advantage of this type of funding, feel free to contact us.

 

What does Heritage Bank provide?

For most business needs such as purchasing property, buying a business or longer term working capital requirements.

  • Variable or fixed rates

  • Repayment term matched to the cash flow of the business

  • Preferred minimum amount $20,000, no maximum

  • Interest only, or principal and interest repayment terms available

  • Loan terms up to 25 years available against Residential Security, and up to 15 years against other security types

  • Redraw available by arrangement

 

All too complicated?

Running a business is hard enough, if you want some advice on you can take advantage of this type of funding, feel free to contact us.

 

 

What does ING provide?

  • Fixed interest rate for terms of 1-5 years

  • Loan term is up to 20 years

  • Fixed and variable or you can split your loan

  • Progress payments for development and construction projects

  • Loan redraw with minimum of $10,000 per redraw

  • Loan repayment for principal and interest or interest only (maximum period 5 years)

 

All too complicated?

Running a business is hard enough, if you want some advice on you can take advantage of this type of funding, feel free to contact us.

 

What does AMP provide?

  • Purchase, Refinance and Debt consolidation

  • Minimum loan amount $100,000, Maximum Loan Amount $5,000,000

  • Maximum Loan Term 25 Years

  • Maximum Interest Only Term 5 Years

 

All too complicated?

Running a business is hard enough, if you want some advice on you can take advantage of this type of funding, feel free to contact us.

 

What does Macquarie provide?

Macquarie offers a range of residential and commercial property solutions. From commercial property finance to business loans secured by property and industry-specific products like strata-improvement loans for owners corporations and bodies corporate.

Benefits:

  • Customised loan structures

  • Flexible interest rates

 

All too complicated?

Running a business is hard enough, if you want some advice on you can take advantage of this type of funding, feel free to contact us.

 

How you benefit with Medfin Practice Purchase finance:

 

Financing the purchase of the practice separately from the purchase of property and equipment, gives you the opportunity to better manage your cash flow and repayments.

  • Ability to borrow up to 100% of your practice purchase price2

  • Principal + Interest and Interest Only repayment options

  • Fixed and variable interest rate options

  • Redraw available

  • Finance your goodwill and equipment separately

How you benefit with Medfin Practice Property finance:

  • Finance up to 100% of the property purchase price

  • Fixed and variable interest rate options

  • Principal + Interest and Interest Only repayment options available

  • Line of credit available

  • Repayment options tailored to your needs

  • Annual interest in advance option available

All too complicated?

Running a business is hard enough, if you want some advice on you can take advantage of this type of funding, feel free to contact us.

 

What does NAB provide?
 

Protection against rate movements

Markets specialists can structure a commercial loan facility to protect against rate movements and help lower your lending costs.

 

Flexible and easy to use commercial loan

Commercial Loan structure doesn't need to be agreed to upfront and new components are easily added with no additional documentation required.

Loans can be interest-only or established with principle repayments.

Match payment schedules and interest charging dates to your business' cash flow cycles.

One interest payment under one account, like a term loan.

 

Online repayments and redraws

Online transaction capability for repayments and redraws on floating and cap components allows the loan to be more accessible and support business needs.

 

Flexibile Interest Rate Options

  • Floating: Variable for the term of the loan.

  • Fixed: Locks in a fixed rate for an agreed period. This protects you from the interest rate movements.

  • Cap: Protects you from rising rates by setting a capped rate, while still allowing you to benefit from falling rates.

  • Flexible maturity fixed rate: Locks in a fixed rate for the term of the component with the option to extend the fixed rate for a pre-agreed term. This protects you from interest rate rises.

 

All too complicated?

Running a business is hard enough, if you want some advice on you can take advantage of this type of funding, feel free to contact us.

 

 

What does Paramount Commercial do?
 

Available in:

  • Lo Doc and full doc

  • Commercial construction funding

  • Unsecured commercial loans

  • Commercial loan second mortgage: By using your current property (with an existing mortgage) as security for another loan, you can acquire more funds to purchase that 2nd commercial property or expand your business.

  • Land bank : Land bank is the holding of undeveloped land sites for future development. These sites typically have no electricity, water, roads and have not been subdivided which means banks are generally not willing to lend on such a security. Paramount commercial loan land bank product, allows developers to purchase and hold this property for a period of time whilst civil, earthworks and subdivision commences.

  • Commercial loan take out – residual stock: This product is for developers and builders that have completed a project and are required to repay in full their development loan, but are having difficulty in doing so as all the stock has not been sold. This take out product allows for the funding of completed but unsold stock for up to 12 months to allow the developer time to sell the stock.

  • Mezzanine: Mezzanine debt capital generally refers to that layer of financing between a company’s senior debt and equity, filling the gap between the two. Structurally, it is subordinate in priority of payment to senior debt, but senior in rank to common stock or equity. Mezzanine funding is often used for large developments where banks, being the 1st lender, will only lend part of the funding for the project and other private funders come in as the banks subordinate lender, risks of the investment are shared amongst a number of large lenders. ​

 

All too complicated?

Running a business is hard enough, if you want some advice on you can take advantage of this type of funding, feel free to contact us.

 

What does Suncorp provide?

Suncorp Commercial Business Loans are designed for business lending amounts of $1 million and over. Suncorp can also structure Commercial Business Loans for smaller amounts for specialised industries or special loan security requirements.  You’ll be able to choose from a range of options including fixed or variable interest rates, and a choice of loan repayment and interest charging frequencies.

 

Key Features:

  • Interest rate type: Fixed and variable interest options available

  • Repayment type: Principle and interest repayment options available

  • Term: One year up to 15 years loan terms available

  • Security: Residential, commercial or rural property security required. Business assets may also be acceptable.

 

All too complicated?

Running a business is hard enough, if you want some advice on you can take advantage of this type of funding, feel free to contact us.

 

What does Westpac do?
 

Interest rates linked to the bank bill swap rate with rollover every 30, 60, 90, 120, 150, or 180 days

Loan term from 30 days up to 25 years, depending on rate option chosen and security provided.

Fixed or variable interest rates available, with optional redraw on variable rate loans.

Flexible repayment terms and interest payment options.

Borrow from $250,000.

 

All too complicated?

Running a business is hard enough, if you want some advice on you can take advantage of this type of funding, feel free to contact us.

 

 

 

Other great articles:

 

What is Asset Finance

 

What is Trade Finance

 

How does Debtor Finance Work

 

 

 

 

Share on Facebook
Share on Twitter
Please reload

Subscribe to receive more useful articles.

Featured Posts

How does a Novated Lease Work

November 7, 2018

1/6
Please reload

Recent Posts

December 12, 2018

Please reload

Search By Tags
Follow Us
  • YouTube Just Business
  • Facebook - Just Business
  • Google+ - Just Business
  • Instagram - Just Business
  • Twitter - Just Business
Please reload

C

CONTACT US

Contact us now to speak to your Business Financial Specialist.

© 2017 Just Business Financial Services Pty Ltd . Disclaimer . Site Map

  • YouTube - Just Business
  • Facebook - Just business
  • Google+  - Just business
  • Instagram  - Just business
  • Twitter  - Just business