As a mortgage broker, home and investment loans are our main game. But we also have experience and can work with you for any business loan you may need to grow your business.
As a business owner, you’ve got a lot on your plate already. Let us lighten your load. We’ll do all the legwork so that you can focus on what your business really needs.
Are you looking to grow your business? Do you need to upgrade your existing equipment? Is your building in need of a renovation? Tell us what you want to achieve, and we’ll bring some options to the table.
Purchasing a property for your business can take a lof planning and effort. When you also account for trying to acquire business finance, there is even more to it.
Our business loan brokers can help you navigate the waters and guide your loan application to give you the best chance of accessing business finance.
Do you own your own business and are looking to finance your own work vehicle? Or are you trying to secure a work car for one of your sales representatives? Whatever the case, there is a wide range of business financing available depending on the circumstance and business position.
It’s important that you decide on the right vehicle finance for your business circumstance.
Do you want to drive growth in your business by purchasing a new piece of machinery, technology, or equipment? You’ll want to find the right business finance solution which helps your business.
We can help you find the right solution as well as an insurance solution to protect your new asset.
If you want to borrow or gear your super into a commercial property purchase, there are very strict guidelines on how to do it.
We recommend speaking to a professional business loan broker before accessing superannuation to ensure you follow all guidelines and choose the best financial option for your business.
There’s never been a better time to get a great business loan deal. If you want to get started, get in touch with Loan Monster today. It doesn’t matter if you’re a start-up, small, or medium-sized business. Our brokers are here to help. We’re based in Fremantle.
For a loan to be secured, this means there is a level of security provided. Security could be accounts receivable, a property, or another asset. If the loan cannot be met, the bank may use these assets to clear the outstanding balance, accrued interest, or fees.
Unsecured loans don’t require security from your business. Lenders will often look at your cash flow and the strength of your business as security.
When applying for any type of business loan, you’ll need to prove you can pay back the amount you’ve borrowed plus any accrued interest. If you’re intending to purchase a property for your business and lease it out, your lender may ask to see your forecasted rental income.
Often, a loan application will require you to supply financial statements, proof of individual income, bank statements, and identification. Depending on your commercial lender and the type of loan you need, you may also be asked to provide the following documents: Business Plan, Cash Flow Projections, Business Contract of Sale, and Lease Agreement.
If you’re not sure where to start, Loan Monster are here to help.
A business loan can come in all different shapes and sizes. It could be a mortgage on a commercial property or a loan to cover business expenses such as new assets, company vehicles, and other operating costs.
There are many commercial lenders in Australia offering a range of products suitable for SMEs, from small, short-term business loans to larger, longer-term loans.
If you haven’t gone down this road before, the world of commercial lending might seem complex, but as soon as you understand the basics, you’ll start to feel more at ease.
Here’s everything you need to know about business loans.
Often used in cases of business acquisition, capital investment, property purchases, start up costs, or refinancing. A business loan is a lump sum payment into your business account. Similar to other loans, the amount can vary along with the repayment term of the loan, interest rates, interest rate type, and fees.
Different from a lump sum payment of a business loan, a business overdraft allows you to access additional business finance from banks when you don’t have the funds in your bank account.
The benefit of an overdraft is that you tend to only pay interest on the funds that you have accessed and not the total limit of the overdraft.
Often used by businesses to relieve the strain of business cash flow issues as an overdraft can help gather funds to cover expenses until you recoup the money from customer invoices.
A Fully Drawn Advance provides funding to the borrower to be used to purchase business assets or long-term investments. The loan must be repaid with principal and interest within a set loan term.
Often the interest rate can be fixed for a period to provide a level of certainty and stability of loan repayments.
A Finance Lease allows you to “rent” a business asset, such as a car, equipment, or machinery, for an agreed loan term. The lender purchases the asset and rents it to your business over a fixed-term contract.
Once you reach the end of the lease period, you will either have to return the asset or pay out the residual value should you wish to keep it.
Similar to a finance lease, a Commercial Hire-Purchase allows your business to buy assets over an agreed time. The lender purchases the asset and allows businesses to use it for regular payments. However, once you’ve made the final payment, there is no residual value, and you own the asset.
One of the more popular business finance options. A Chattel Mortgage allows a business to buy and own the asset from the start of the loan term. Regular loan repayments are made for an agreed loan term period and the business loan is fully repaid.
Invoice Financing, also known as accounts receivable finance, can be a fast way to access funds to pay any outstanding invoices your business may have. You may be able to access up to 85% of the value of your approved unpaid invoices, but this can vary with the lender.
There are many commercial lenders out there offering a range of loan products.
Our mortgage brokers at Loan Monster can negotiate on your behalf and get the best deal for you.
We Give
You Options
Our brokers can advise you and help you make the best decisions. We’ll break everything down for you and keep it simple. No fluff. No frills. Just the stuff you really need to know. Our number one focus is to get you on the right track. We’re not here for the banks. We’re here for you.
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Compare Business Loans
While you're busy running your business, we can compare business loans and offers across multiple lenders and give you a range of options and understand all the fees and charges involved. We’ll always make sure you get a business loan that’s going to work for your business.
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Interest Rates
Don’t worry, we’re not going to give you a sales pitch. That’s not what we’re about. We just want to show you the numbers. We’ll let them do the talking. Make the most of today’s interest rate options. We can talk to the banks on your behalf and make sure you come out on top.
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The Ball
Our team will keep you in the loop and make sure everything is moving along for you. You will always be well informed at every stage of the process. We’ll always get back to you within 24 hours, even on weekends.
Whether small business owners, established business owners, sole traders, or new business owners, we’re here to help at Loan Monster.
Our business loan brokers can assist with commercial property, vehicle finance, equipment loans, and self-managed super fund loans.
We can do all the legwork for you so that you can focus on what your business really needs.
Get in touch with us today to find out more.
