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Business Loans
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What are Business Loans?
Business loans, also called commercial loans, are used for purchasing new equipment, refinancing a property, or increasing one’s business capital. Depending on the purpose, business loans are designed to fund business activities. Whether you are applying for a factory or warehouse loan, running a nursing home, or any other business, there are loan options for SMEs and large-scale companies.
If you are looking to get the best deals and features for your commercial funding, a loan specialist can cut the job in half for you. Work with our experts and connect with the right banks and lenders for your financing needs.
Get small business loan advice from our expert
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Why Should You Get a Business Loan?
There are various reasons for getting a business loan in Australia – buying new equipment, purchasing a commercial property, hiring more staff, or consolidating existing business loans. Lenders are open to discussing what the funds are for and how the cash flow will impact your business’s bottom line.
Interest rates for commercial-secured loans are always slightly higher than residential interest rates. That’s because commercial property is seen as having a higher risk. Offices, retail spaces, and industrial warehouses tend to experience more wear and tear and generally require more maintenance costs. These properties also tend to have higher vacancy periods than home living spaces.
Is a business loan right for you?
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When to Consider Business Loans
Commercial funding can be instrumental for your business in several ways:
Facilitate expansion. Expansion applies to many aspects of business, including getting a larger commercial space, new equipment, additional staff, marketing campaigns, or diversifying your business into other fields.
Keep cash flow liquid. Cash flow is essential for your day-to-day business operations. We can source financial products that specifically give your capital a bump so you can maintain growth.
Optimize inventory. Having enough supplies in stock ensures you are ready for trends, seasonal demands, and any need for inventory purchases. Your business will meet demands without overspending.
To refinance. Refinancing could open your business to more appropriate loans that match your business better. Business lending can be a highly competitive market, which means there will be brand-new products to consider.
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Business Loans Interest Rates
Recent stats show that about 88% of business loans were larger than $500,000. About 73% of clients borrow more than $2m. This shows how robust the commercial loan industry is in the country. From SMEs to large businesses, the business loan Australia lending ratio has consistently been high regardless of industry.
Intellichoice is here to be your reliable loan specialist for commercial property financing. We understand that business operators thrive with much-needed cash flow. But it can be complicated to get approved for a commercial loan. We find the most competitive rates across our panel of lenders, regardless of whether your company prefers a fixed interest rate or a variable rate.
Our experts are here to provide a range of solutions and options for businesses across industries. With us, you gain savvy, up-to-date information about business loans Australia rates to help inform your decision-making.
Curious about lending possibilities?
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Why Choose Intellichoice
Running and growing a business is both fulfilling and challenging. Whether you need a new commercial space, add employees, or need to consolidate previous debts, a business loan is structured to deal with such matters.
- Get tailored packages. Our loan specialists work with the right bank and non-bank lenders to create custom loan packages for business owners.
- Make the process smoother. We help companies take control of their growth potential. Commercial property finance is tedious, but we make things straightforward while maintaining robust checks and balances.
- Work with a responsive team. We help prepare requirements, facilitate applications, and answer all your queries to ensure you are informed every step of the way.
Here at Intellichoice, we recognize how business loans can change the trajectory of your business. Whether you are a small, medium, or large-scale company, we source the right type of rates and loan terms. Our financial experts discuss different loan options from reputable lenders across the country. Keep your business liquid and consider applying for a business loan.
Let us facilitate your business loan application