Commercial Loans

Arranging Commercial Loans in Kingscliff

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Assisting Businesses of All Sizes

Are you thinking about buying a commercial property? There are a few things you need to be aware of, like you may require a larger deposit than a regular mortgage. 

 

A commercial loan is typically used to fund major capital expenditures and/or cover operational costs that the company may otherwise be unable to afford. 

 

Not sure if you qualify? Talk to the team at MoneySmith Group on 0433 149 788 to learn more about fast-tracking your commercial property loan. Located in Kingscliff, we’re here to help clients throughout the Northern Rivers and surrounds, including Tweed Heads, Banora Point, Pottsville, Murwillumbah, Ballina, Gold Coast and Robina . 

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Stress-Free Financial Assistance

At MoneySmith Group, we are here to make getting a commercial property loan as stress-free as possible. We have access to a large panel of lenders, as well as the big four banks, and we’ll do everything we can to find an attractive rate with the right terms to suit your individual requirements. Our financial advisors will:

  • Work with you to understand your needs to assist you with finding the right loan. 
  • Assist you during times that suit your busy schedule. 
  • Present you with loans to choose from so you can focus on your business operations. 
  • Remain in touch and inform you about new offers that may be of interest. 
  • Help you with preparing your loan application and handle the approval process. 
  • Communicate with you after the deal is complete to ensure you benefit from our recommendations. 
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Frequently Asked Questions

  • What documents should I prepare for applying for a commercial loan?

    The most important document you will need to provide to your mortgage broker when applying for a commercial property loan is a business plan. This plan should outline your proposed use for the property, as well as your financial projections for the business. Other important documents may include your tax returns, bank statements and proof of income.

  • How long does it take to get a commercial loan approved?

    The answer to this question depends on a number of factors, including the type and size of loan you are applying for, the financial institution you are applying with, and your own personal circumstances. In general, it can take anywhere from a few days to a few weeks to get a commercial loan approved. The best way to ensure a quick and easy approval process is to be prepared before you apply and to have all of the required documentation in order.

  • Is a personal guarantee needed to get a loan?

    Personal guarantees are not always required to obtain a commercial loan, but they may be needed in some cases. Lenders typically ask for a personal guarantee when the business owner has little or no collateral to offer as security for the loan. The personal guarantee gives the lender some protection if the business owners cannot repay the loan.

  • Is there anything I can do to lower my interest rate?

    Interest rates on commercial loans are generally set by the lender and vary depending on a number of factors, including the type of loan, its size and its terms. However, there are some things that borrowers can do to try to lower their interest rate. One option is to negotiate with the lender. Borrowers who have a good credit history and a mortgage broker who has a good relationship with a lender may be able to negotiate a lower interest rate. Another option is to shop around and compare rates from different lenders.

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