Commercial Loans

Our commercial loans have the lowest rates in Australia. There are no credit checks or docs required when applying for a commercial loan from us. Whether you need a secured loan, an unsecured loan, or a short-term loan, we can help. Getting approved for your commercial loan on the same day is our goal! Our team of experts will guide you through every step of the process!

No Doc and No Credit Checks

Bad Credit Commercial Loans

Same Day Approvals

No Hidden Fees

Short Term Commercial Loans

Serving Since 2001

Lending All Across Australia

There is no paperwork or documentation required to apply for our loans and they can be used to fund any type of financial need. You can use our services to refinance your existing debt or start a new business venture which requires financing.

Curious about how the lease income is assessed? Let’s shed some light on the process:

1. Financial Strength of Tenant: Lenders consider your tenant’s credibility and financial stability, ensuring a reliable source of rental income.
2. Remaining Lease Term: A minimum lease of 12 months is usually required for loan approval. The longer the lease, the stronger your case.
3. Interest Cover Ratio: This vital ratio represents how often the lease income covers the interest on your loan. For instance, if you applied for a $1,000,000 loan with an interest rate of 5% and the lender used a buffer rate of 7%, you would need a net rental income of $70,000 to qualify for a lease doc loan.

Imagine receiving $140,000 in rental income; you’d have an impressive interest cover ratio of 2x, capable of covering the interest twice over. Most lenders typically require a 1.3x to 1.5x interest cover ratio for approval. However, with our services, a strong tenant and a prime property location may secure a 1x interest cover consideration.

But what if you’re just about to sign a lease? We understand your situation. While existing lease agreements are preferable, we can also evaluate proposed lease agreements based on their merits. Most lenders require a fully executed lease and a paid bond before advancing the loan.
Now, let’s explore the lenders who offer lease doc loans:

Major banks may not typically offer lease doc loans, but worry not; we’ve curated a network of second-tier banks, non-bank lenders, and specialist institutions ready to cater to your needs.

Short Term Commercial Property Loans

Short-term commercial property loans are an incredible financing option for businesses looking to purchase a commercial property. Not only do you have access to competitive rates and terms, but these loans can also be tailored to your specific needs. Whether you’re acquiring an office building, apartment complex, retail outlet, or other type of real estate, short-term commercial property loans allow you to purchase the property faster and with minimal down payment. In addition, these loans provide more flexibility in repayment than many other forms of business financing. With shorter terms and higher loan amounts generally available from lenders, these loans offer a great way for businesses to secure their properties quickly and easily!

Short-term property Commercial Loans are a type of financing instrument used to purchase or refinance various types of commercial real estate projects. These loans are typically structured for terms lasting from one to five years, making them an attractive option for borrowers who plan to hold onto the asset for a short period and prefer not to incur long-term debt liabilities. Generally, these loans carry less stringent qualifications than other forms of lending, making them ideal for those who require speed and certainty in their funding. Short-term loans can also provide liquidity for borrowers looking to quickly close a deal, providing access to capital within days rather than months. Ultimately, short-term commercial property loans offer flexible and efficient financing that can be tailored to individual projects needs depending on the borrower’s scope, scale, and goals.

Loan Terms for Commercial Loans

Let’s talk about Commercial Loans terms—varying between lenders, and they hold significant weight:

1. Lease Renewal Alignment: Most lenders review the loan term in line with the lease renewal. This ensures a harmonious relationship between your lease and loan tenure.

2. Fixed Term Options: Some lenders offer fixed terms, such as 5, 15, or 25 years, providing stability and predictability for your financial planning.

Additionally, some lenders may consider offering interest-only periods depending on your interest cover and the lease term. This feature adds flexibility to your loan structure, aligning it with your financial strategy.
Now, let’s address the elephant in the room—interest rates. We understand the impact they have on your financial decisions, and we’re here to guide you:

1. Large Deposit Advantage: If you have a sizable deposit, we can often secure an interest rate well below what your bank would offer. This means more savings and a brighter financial future for you.
2. Minimal Deposit Consideration: Conversely, a small deposit, low-interest cover ratio, or less-than-ideal security property may result in a slightly higher interest rate. Rest assured, and we strive to find the most suitable solution for your unique circumstances.
Now, why do people choose lease doc loans? Let’s explore the primary motivations of our valued borrowers:

Acceptable Security for Commercial Lending

When it comes to acceptable security, we understand the importance of flexibility. While banks often impose strict restrictions, we aim to provide options that suit your circumstances:

1. Non-Specialised Commercial Properties: Properties falling under the retail, industrial, office, or warehouse categories located in major metropolitan or regional areas are generally accepted as security.
2. Residential Properties: Residential properties can also be considered as security in towns with a population of at least 10,000. However, these loans may have lower loan-to-value ratios (LVRs) and loan amounts.

Moreover, professional property investors with substantial portfolios and high rental income often need help with obtaining loans due to the complexity of their financial situation. For these investors, a low-doc loan may be the go-to choice. Unfortunately, individuals who aren’t self-employed don’t usually have that option.
Keep in mind that owner-occupied properties are not eligible for lease doc loans. We strictly focus on purchasing or refinancing commercial investment properties, ensuring an arms-length transaction for an impartial evaluation.

Already made up your mind? Awesome.
We will get you a commercial loan with the lowest rates in Australia. If you are looking for a refinance, we can help. Contact us and we will make the process very simple and easy for you!

Flexibility

With flexible options up funding is possible in 24 hours

Support

Common sense credit approval process. Fast and fuss free funding on your terms

Confidence

No hidden fees and or charges. Clear & upfront pricing

Specialised Securities Commercial Finance

A specialised security is a type of bond that provides the investor with a return in addition to interest payments. The term “specialised” is used because these securities are more complex than general debt securities and common bonds, which means they may require more paperwork and documentation before they can be issued.

Unlike traditional types of properties, specialised security properties are viewed differently by lenders. While Basic Finance understands the opportunities they can present for our clients, we will help them find the right solutions for their needs.

The value of specialised security properties is typically regarded as an investment or ongoing concern by many lenders. These properties are usually purpose-built, such as hotels, motels, petrol stations, child care centres, caravan parks, retirement villages, etc. Which differ in nature and function from residential property. We can help borrowers obtain funding for most types of specialised security properties, provided that the investments are unconventional.

Basic Finance has the experience and can help all types of clients with the following specialised securities:

  • Leasehold or Company Title etc
  • Hotels
  • MotelsBackpackers B&B etc
  • Pubs
  • Child care centres
  • Nursing homes
  • Medical centres
  • Retirement villages
  • Golf courses
  • Service stations
  • Car parks
  • Caravan parks
  • Mining accommodation
  • Day spas
  • Bars / Nightclubs
  • Fitness Centre/Health Club/Gyms
  • Hospitals
  • Automotive Garages / Panel Beaters etc
  • Self-storage facilities
  • Shopping centres

Low Doc No Doc Commercial Funding

A low-doc loan allow you to borrow more than you need without a lender reviewing your financial statements and other documentation.

It can be useful if you have had a slow growth rate in your business in recent years and need capital now. Furthermore, it’s a viable option if you’ve had credit problems in the past and need some time to get approved for a new loan.

Secured Business Loans

Loans secured by your business assets are known as secured business loans. By working with them, you can get the funds you need to grow your business. Small to large businesses can use them for a variety of purposes.

The loan can be used for anything: buying inventory or equipment, paying off debt, investing in the latest technology, hiring people directly involved in helping grow your business (and so forth).

Commercial SMSF Loans

You don’t need to look any further if you want a secured business loan. It is possible to access finance if you have a commercial SMSF. This can be done through your local bank or credit union.

One of the advantages of using a commercial SMSF is that they offer low no-doc rates. Your application does not require personal guarantees.

The difference between a commercial SMSF loan and a personal loan is vital to understand when considering the use of a commercial SMSF loan.

There are two main types of commercial SMSFs:

Personal Trusts

Personal trusts can be used as a special-purpose vehicle for your superannuation and other retirement savings. Therefore, they’re sometimes referred to as retirement plans.

Investment Trusts

Investment trusts are often made up of other investment funds (like unit trusts) which means they come with their own set of rules and regulations. They also differ in terms of how much debt they can take on and how long it can take them to repay it back.

Business Line of Credit

You can obtain funds for short-term business expenses through a line of credit agreement between a lender and a customer. During the 60-day grace period, you can use the money however you want.

Credit cards work the same way as business lines of credit. It allows your business access to a pool of funds. Withdrawal of funds is allowed when needed, and interest is only charged on the amount withdrawn. There are some lines of credit that expire after a specific period of time, and others that are revolving.

Case Study Perth: Short-Term Commercial Property Loan for a Small Business

A fast food business owner in Perth was looking to expand his business by opening a new branch. He has been in business for five years. The problem was that his credit score was not high, which made it difficult for him to borrow money from traditional lenders (banks).

To help this small business owner, we provided him with a short-term commercial property loan that allowed him to get the capital needed to start up his new branch. The owner made the repayments within the first twelve months.

Frequently Asked Questions (FAQs)

What is a commercial loan?

Commercial loans are a type of loan that is used to fund business ventures. They may be for anything from buying property, equipment, or other assets. Commercial loans can be used for any purpose; however, they tend to have longer repayment periods and higher interest rates than residential loans.

How can I apply for commercial loans in Australia?

You can apply for commercial loans in Australia through the following channels:

  • Directly with a lender or broker.
  • Through a bank or credit union.
  • Through us. We have simple and hassle-free commercial loan procedures that will get your financial records straight.

What is the procedure to apply for a commercial loan?

Before applying for a commercial loan, you need to get an application form from a lender. The lender will review your application and approve it if you meet their requirements. Once approved by the lender, your commercial property loan is ready for approval by other lenders or investors who may want to invest in it as well.

Your first step should be filling out an application form from one of our recommended lenders who offer competitive rates of interest on all types of loans including mortgages, business loans, and personal lines (refinancing).

What can I use commercial loans for?

Commercial property loans can be used to purchase an existing property or to build a new one. They are also commonly used for commercial development projects, renovations, extensions, and refurbishments.

If you need a commercial property loan, please contact us. We can also refinance your existing loans at a lower rate.

Talk to a business lending specialist

Leave your details below and one of our Business Lending Specialists will get in touch right away.