Loan Market commercial loan specialists can help you with business finance for the expansion, investment funding, leasing, buying or refinance of commercial properties, retail shops, industrial land, factories and offices, as well as cash flow lending.
It makes good business sense to have a simple and flexible commercial loan structure when you grow your business.
We make it easier for you to buy a commercial property or refinance the loan you have now. Our commercial specialists help professional investors, developers and businesses with loans to achieve their goals.
We can help you with commercial finance features like:
- Term loans
- Cash flow finance
- Property development finance
- Hire purchase
- Chattel mortgage
- Leasing finance
Your Loan Market commercial mortgage broker will help you understand your commercial finance options and work out which loan structure is right for your business.
Security for business and commercial loans
Like a home loan, your business or commercial finance loan will need security. This might include:
- Residential property
- Commercial property
- Assets of your business such as stock
- Guarantee of directors supported by residential/commercial property
Commercial loan borrowing power
With lending criteria tightening, the knowledge and experience of a good commercial loan specialist is invaluable. Commercial loan specialists play an important role in getting your finance.
The amount you can borrow is on a case-by-case basis. A good commercial loan specialist can help work out your borrowing capacity based on criteria like the industry you’re in and the type of security you have.
Generally, your borrowing capacity is worked out as what’s known as an ‘interest coverage ratio’. This is your company’s earnings before interest and taxes (EBIT), divided by interest expense. Interest expense is a ratio used to work out how easily you can pay interest on outstanding debt.
A business loan secured by cash flow, partly secured by property, or a combination of both, may need an interest cover of three times or more.