Commercial Loan

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Commercial Loans Launceston

If you want to raise funds, set up a business, or invest in the development of your business, then it is important that the business or commercial loan that you source is the best loan package possible, to aid your investment strategy.

Our Commercial Loan Launceston team have several years of experience in guiding clients with their commercial and business loans. We can be there to assist in any plans for loan funding, be it immediate or long-term, to achieve your commercial decisions. Our large network of lenders, resources and expertise, we are highly confident that we know exactly how to help you and give you a strategy that is unique and tailored.

Among the reasons why you should obtain a commercial loan are:

  • Purchasing a franchise;
  • Acquisitions of businesses/companies;
  • Purchase of long-term assets & inventory;
  • Commercial real estate;
  • Property development; and
  • Upscaling infrastructure.

That’s the reason why understanding exactly how a commercial loan can be beneficial to your strategy is important; and to differentiate between a regular home loan. Commercial loans are available in many different types.

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Type of Commercial Loans

Term loan

Term loans are loans that can be used to help purchase or set up a business, or provide assistance with a business expansion to further develop your business. This is the type of loan suitable to fund business expansions, capital purchases, development of commercial property and the like. Because it is a financing that is ordinarily amortised over a fixed number of years. It can be used either as a variable or fixed interest rate, with different types of options for repayment.

Commercial bill

If the type of finance you’re looking for has is one that offers flexibility and with interest rates that are reflective of the market, then what you’ll need is a commercial bill. It’s a type of lending facility that is ideal for short and long term financial requirements like the management of effective cash flow through the ability to provide payments only on the maturity of the Bill, along with the giving of interest rate protection & flexibility. Essentially, it’s a promise created to the financial institution/lender of an agreed amount with a set date of maturity.

Overdraft

A credit limit facility can be fully utilised by setting up a commercial overdraft, for fluctuations of cash flows to be managed, which will not require regular payments. This is achievable as long as the facility limit is not exceeded by the overdrafted amount, and it can be unsecured or secured using a mortgage and other securities.

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