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Business and Commercial Loans
Commercial Finance is secured against property,(not residential) while Business Finance is secured against the business earnings.
With access to competitive interset rates and award winning lending products, an Accreddited Mortage Broker can work direcly with the lender to negotiate the particulars of the loan on your behalf.
If you are a business operator you may choose to lease rather than purchase your company cars.
A Finance Lease is a contract in which you (the 'Lessee') have use of a selected piece of equipment for an agreed time frame in return for a series of rental payments
Some of the common Vehicle Finance options include:
- Car lease
- Operating car lease
- Novated lease
- Chattel Mortgage Finance
- Hire Purchase
- Corporate Lease & Corporate Hire
- Purchase Facilities
- Commercial Leasing
- Structure your payments to suit
The advantage of Commercial Leasing is that rather than you paying the entire purchase price up front, you're making ongoing monthly payments.
Lease rentals may be tax deductible, provided the equipment is used to generate assessable income. Better still, you can structure your lease payments to suit your expected income and pay more if your business profiting, and less when business is quiet.
Monthly tax-deductible payments
With Commercial Leasing, instead of you paying for your business equipment, the Lender does. The business equipment is then leased back to you for a monthly tax-deductible rental payment.
Benefits at a glance
100% finance so cash can be retained for other purposes. Option to select the term and the timing of repayments to suit cash flows.
Tax deductible interest- If the property financed by a Commercial Property loan is used entirely for business purposes, depreciation, interest charges and fees relating to the transaction are tax deductible, provided the equipment is used to generate assessable income. If the property is partially used for personal purposes, only a proportion of your interest and maintenance charges are tax deductible.
Because legislation relating to asset finance varies from state to state, it is available in various forms, including hire purchase, chattel mortgage, asset purchase, national commercial loan or bill of sale.
We have a specialist who can talk to you about the most appropriate leasing solution or finance for your business.
Chattel Mortgage Equipment Finance
Chattel Mortgage Finance is a loan which allows a business using the "cash" method of accounting for the Goods & Services Tax to claim back the GST on the equipment's purchase price in their next Business Activity Statement.
Commercial Self-Managed Super Funds
Many businesses these days have their own Self-Managed Super Funds.
Rather than invest in shares or property trust, some of these businesses choose to invest their Super Funds in their own Commercial Property.
What documents will I need to provide
Your Finance Broker needs to understand the true financial state of your business. They need to know whether it's been trading profitably.
They need to know what your assets and liabilities are; in fact, they need the same things your Lender will be asking. The broker will know how the lender will assess your application, working together with you to achieve the most desired outcome.
Profit & loss statements and balance sheets for the last three financial years. You will need to be able to show your projected income for the next 12 months.
Commercial Mortgage
This is loan will allow the borrower to use commercial securities rather than residential. Commercial Finance is secured against property, instead of against business earnings.
Securities such as industrial factories, commercial business centres, hotels, motels, shopping centres, petrol stations and so on. |
