Commercial Loans

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Are you a business owner looking for a loan to help grow your business? If so, you’re in luck! There are a number of lenders that offer commercial loans, and Loan Junction can help you find the right one for your needs.

We offer a variety of commercial loans, including:

  • Term loans: These loans are typically repaid over a fixed period of time, and they can be used for a variety of purposes, such as buying equipment, expanding your business, or working capital.
  • Business lines of credit: These loans offer you access to a revolving line of credit, which you can use as needed. This can be a good option if you have irregular cash flow or if you need to finance seasonal expenses.
  • Equipment loans: These loans are specifically designed to finance the purchase of equipment. They often have lower interest rates than other types of commercial loans, and they may be available with longer repayment terms.

We also offer a variety of other business finance products, such as:

  • Business credit cards: These cards can be used for business expenses, and they often offer rewards programs that can help you save money.
  • Merchant cash advances: These advances provide you with quick access to cash, and they can be used for a variety of purposes.
  • Business factoring: This is a type of financing that allows you to sell your accounts receivable to a lender in exchange for cash.

We understand that every business is different, so we take the time to understand your needs before we recommend a commercial loan. We’ll work with you to find the right loan for your business, and we’ll help you through the entire application process.

To learn more about commercial loans, contact Loan Junction today. We’ll be happy to answer your questions and help you get the financing you need to grow your business.

Here are some additional things to consider when applying for a commercial loan:

  • Your business’s credit history: Lenders will want to see that your business has a good credit history before they approve a loan.
  • Your business’s financial statements: Lenders will want to see your business’s financial statements to assess its financial health.
  • Your personal credit history: If you’re applying for a loan as a sole trader or partnership, lenders will also want to see your personal credit history.
  • The purpose of the loan: Lenders will want to know how you plan to use the loan before they approve it.
  • The amount of the loan: The amount of the loan you can get will depend on your business’s financial strength and your personal credit history.
  • The interest rate: The interest rate on a commercial loan will vary depending on the lender and the terms of the loan.
  • The repayment term: The repayment term for a commercial loan will also vary depending on the lender and the terms of the loan.

We hope this information helps you on your journey to getting a commercial loan. If you have any questions, please don’t hesitate to contact us.

Here are some additional tips for getting a commercial loan:

  • Shop around and compare interest rates from different lenders.
  • Apply for a loan with a lender that specializes in commercial loans.
  • Be prepared to provide documentation of your business’s financial history.
  • Have a good personal credit history.
  • Be clear about the purpose of the loan.
  • Make sure you understand the terms of the loan before you sign.

We hope this information helps you get the commercial loan you need. If you have any questions, please don’t hesitate to contact us.

Loan Process

We follow a systematic process that keeps everything on track and discipline is what drives us forward.

Contact our dedicated lending specialist

01

Send your documents

02

We provide you with options.

03

Aprroval

04

Settlement

05

Loan types and features.

Here are eight different loan types and features to be aware of. Once we’ve had a chat we can discuss which option might be best suited to your circumstances. We are here to help answer your questions when you’re ready.

Variable rate loan

As the name suggests, the interest rate can change over the life of the loan. This gives you flexibility, but can also leave you open to rate rises. These loans offer more flexible features like unlimited additional repayments, redraw, and offset accounts.

Fixed rate loan

Basically, this is the opposite of a variable rate loan. Your interest rate and repayments will stay the same during the fixed term, no matter what. So no surprises.

Principal and Interest loan

You pay off the principal (base loan amount) each month/fortnight, as well as any accrued interest. This might help you pay off your loan faster than an Interest Only structure.

FAQ

Of course! Borrowing capacity refers to how much you can borrow from a lender. To get an estimate of your borrowing capacity go to our calculator: How much can I borrow? If you want to get an in depth review of your borrowing capacity, get in touch today.
With over 60 lenders, you and I are spoiled for choice. I narrow my search down through talking to you about your wants and needs. I will show you your options, listing the pros and cons of each loan and ultimately we will come to a decision together.