How much funding do you require?
If you are looking for a loan to finance your office, warehouse or retail shop in Australia, there are many options available to you. This blog post will outline some of the main types of loans available and help you determine which one is right for your business. We'll also provide some tips on how to get the best possible deal on your loan. Read on to learn more about loans for businesses in Australia.
How much can I borrow?
• Banks consider offices to be non-specialised or standard commercial properties.
• This puts businesses in a strong position to borrow the required amount of money.
Key factors -
Borrowing up to 80% of the commercial property valuation
Borrow up to 100% of residential property valuation for business purpose
Loans up to $2m with simplified income verification option.
Loans from $2m - $10m has to go through full documentation process.
Lease income servicing the proposed loan can also be accepted up to 70% LVR
Making sure you get the best possible deal on any loan for your business is always important. To do this you should compare rates and terms from multiple lenders, look for special offers or promotions and make sure you read the fine print before signing any documents. With a bit of research and comparison shopping, you can find yourself getting the best possible loan to help finance your office, warehouse or retail shop in Australia.