Commercial Loans
At Star Finance Group, our mortgage brokers assist clients across Australia in purchasing property, equipment, or businesses with commercial loans.
At Star Finance Group, our mortgage brokers assist clients across Australia in purchasing property, equipment, or businesses with commercial loans.
Creditworthiness: Good personal and business credit scores.
Financial Statements: Recent financial statements, including balance sheets, income statements, and cash flow statements.
Business Plan: A detailed business plan outlining the purpose of the loan and how the funds will be used.
Collateral: Assets that can be used to secure the loan, such as real estate, equipment, or inventory.
The approval process can vary depending on the lender and the complexity of the loan. It typically takes anywhere from a few days to several weeks. Online lenders may offer faster approval times compared to traditional banks.
Common types of collateral include:
Real Estate: Commercial property or land.
Equipment: Machinery, vehicles, and other business equipment.
Inventory: Stock or goods that the business sells.
Accounts Receivable: Money owed to the business by customers.
Commercial loans are essential financial tools for businesses looking to grow, manage operational expenses, or invest in new opportunities. These loans give businesses the capital needed to fund large projects, purchase equipment, expand facilities, or improve cash flow. Whether you're a small business owner or managing a large corporation, understanding the various types of commercial loans available can help you choose the right financing option for your specific needs.With competitive interest rates and flexible terms, commercial loans can be tailored to fit the unique requirements of your business. Lenders typically offer a range of products, including term loans, lines of credit, equipment financing, and commercial real estate loans.
