Commercial / Business Finance
There are a number of finance options for a small business operator (or investor) to purchase a commercial property, provide working capital or business expansion.
Selecting the wrong option could cost your business money.
With the assistance of our experienced finance executives we can help you make this decision to best suit your business or investment situation.
Listed below are some of the main features of these finance options.
If this sounds like the Commercial / Business Finance for you , please contact one of our experienced and friendly consultants today.
Overdraft
An overdraft can help you manage your cash flow with greater ease. It essentially provides working capital to fund your business operation needs to an agreed amount. This flexible line of credit is designed to provide you with extra cash to cover seasonal or unexpected expenses. As you only pay interest on the money you use, you can save on interest costs relative to a standard business loan.
If this sounds like the Commercial / Business Finance for you , please contact one of our experienced and friendly consultants today.
Term Loans
Medium to long term lending facility designed to expand or improve your business or alternatively to re-finance existing debt. It is commonly used for specific purposes such as purchase of major income-producing assets.
Interest can be on fixed or variable basis and repayments can be structured to allow for interest only or on a principal and interest basis for terms up to 25 years – dependent upon security being offered. Repayments can also be structured to assist with cashflow and seasonal fluctuations on a monthly, quarterly or half-yearly basis.
If this sounds like the Commercial / Business Finance for you , please contact one of our experienced and friendly consultants today.
Business Line of Credit
Designed as a long-term debt facility, the Business Line of Credit is especially suited to business expansion or investment purposes.
You have the ability to repay the facility at your own pace, and to redraw up to the approved limit whenever it suits you best
You only pay interest on the portion of the debt being used.
If this sounds like the Commercial / Business Finance for you , please contact one of our experienced and friendly consultants today.
Development Loans
Development Loans are specialised facilities provided for the construction or refurbishment of commercial or residential properties. Facility features vary- as a guide loans are available up to 65% of the end value of a development or to 80% of “hard cost” of a project. Interest only payments are generally payable, but on some facilities, interest may be capitalised to the loan pending sale of the project. Progress payments are made by the lender on a ‘cost to complete basis’ during the term of the loan.
If this sounds like the Commercial / Business Finance for you , please contact one of our experienced and friendly consultants today.
Low Doc Facility
These facilities do not require full disclosure of income in the assessment of serviceability. Fast Fix Finance has access to a number of lenders who provide business finance on a Low Doc basis for both residential and commercial property. In view of the added risk the lender often charges a higher rate of interest.
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