Commercial property loans

Yes, generally speaking lenders see commercial property as higher risk than residential property. That’s why interest rates are generally higher for commercial property versus residential property. Business owners often offset these higher rates by claiming them as a business expense and receiving tax benefits (speak to your tax advisor).

When acquiring a commercial property, a valuation will need to be done, often at your expense. You’ll also need to be prepared to contribute a larger deposit when compared to residential property (things like Lenders Mortgage Insurance don’t exist for commercial lending).

Lenders will require documentation and financial statements to ensure you can service the loan you’re requesting. They may also want to understand your exit strategy. Speak to our team and we can help you better understand the different options available based on your needs and situation.

As business finance brokers, we work for you to find the best loans from our marketplace of more than 60+ lenders which included the big four banks like Westpac, CommBank, ANZ and National Bank, to regional and niche lenders like BOQ, JudoBank, Pepper Money, Scotpac and many, many more. We don’t offer business loans directly ourselves.

There are many benefits to working with us over your current bank, including:

Better options. Your bank can only offer you their own lending products. We can get the best lending products from almost all the lenders on the market, including loan types you may not have even considered, but may be a better fit than a traditional loan.

Massive time savings. For you to connect with every lender and find the best lending products for your unique circumstances would take months of hard work. We can do that for you.

Better rates and terms. Even if you end up going for a loan with your current lender, we can sometimes negotiate terms and rates for you that are better than what you could get yourself.

Experience. We work for you, not the bank. We present your interests, sharing our experience, expertise and advice along the way, so you get the best possible outcomes.

It’s our goal to have you become a life-long Smart Business Plans customer.

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Our initial consultation calls are free. Our business loan and asset finance brokering services are generally free, as we are compensated by the business lender. In some unique situations if a fee for our services was required, this would be communicated to you in advance, and you’d have the opportunity to consider if you’d like to move forward or not. We will never impose a fee or cost for our services that are not communicated to you up front.

We also offer our clients the option of having us support your business loan application by writing your bank loan business plan and cash flow projections (when required by the lender). The fee for this service will be provided if you choose to select this option.

Most mortgage brokers have little to no experience in business management, planning or finance. They simply don’t have the knowledge to understand how business loans are unique and different to a consumer home loan, and often struggle with some of the complexities that come with commercial lending.

We specialise in business lending – that’s 100% of our focus and expertise. We have a significant network of business lenders, lending agents, and business professionals such as lawyers, accountants, business brokers, business advisors and consultants that our clients can tap into as needed.

Easy! The best thing to do is have a Zoom or phone chat with us. From there we can work together to get your business funding if there’s good alignment between what you need, and what we do.

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The most common form of security is real estate (commercial or residential property). Some lenders will also consider business equipment, machinery, vehicles, savings or investment portfolios.

No. Once you’ve offered an asset as security against your loan, you cannot sell the asset without approval from the lender. It’s important to engage your lender and discuss potential options if a sale of your security asset is needed. We can assist by talking through your options if this situation arises.

There are a number of other lending products that do not require security. These include unsecured business loans, business line of credit and invoice financing. These loan types have different lending criteria and terms, so book a call with our lending experts now to see if you qualify.

There are lending options for people that have run into credit score issues in the past, especially if there is a sufficiently valuable asset (like property) to secure the loan, as well as sufficient business cash flow for serviceability.

Talk to our team expert lending team to see if you’re eligible.

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