Commercial Loan Services
When it comes to expanding your business, securing new commercial real estate, or financing your next big venture, having the right financial partner makes all the difference. At WizWealth Finance, we understand that every business is unique, and that’s why we offer tailored commercial loan solutions to suit your specific needs. With our expertise and personalised service, we’re here to help you make your commercial dreams a reality.
Commercial Real Estate Loans
Secure your business's future with tailored real estate financing, providing the space you need for growth and success
Cashflow Loans
Bridge financial gaps and maintain operational stability with flexible cashflow loans designed to support your business's daily operations.
Business Aquisition/Expansion Loans
Fuel your growth ambitions with financing for acquiring new ventures or expanding existing ones, seizing opportunities in your industry
Commercial Loan Refinance
Optimise your financial strategy by refinancing existing loans, potentially reducing interest rates and improving your bottom line.
Commercial Construction Loans
Bring your vision to life with specialized financing for your commercial construction projects, ensuring a solid foundation for your business.
Private Lending
Explore alternative funding solutions with private lending options tailored to your unique business needs, offering flexibility and rapid access to capital
- What is a Commercial Loan and how is it different from other loans?
Commercial Loan is a category of loan targeted towards businesses and other commercial purposes such as purchasing commercial assets, business expansions, commercial debt consolidation, acquiring commercial property for business or any other funding of commercial nature. The lending criteria for Commercial Loan is different from other residential loans and a specific expertise and brokering experience is required to assist in getting such loans.
- How can a Commercial Loan broker assist with the business financing needs?
WizWealth Finance has a team of senior Commercial Loan brokers that can assist in procuring the most suitable product to your specific needs. The lending criteria is different to the residential loan products and the lenders look at number of additional factors such as the applicants experience, overall business health, personal finances and much more to approve a commercial loan. The Commercial Loan success is also dependent on how the scenario is presented to the bank, which is where a Commercial Loan broker adds true value by matching your needs to the lending policies that have been defined by the lender. An Experience Commercial Loan broker will evaluate your requirements and negotiate the best possible deal for you.
- What factors do lenders consider when evaluating a Commercial Loan?
Most Commercial Loans are assessed based on Five Cs of Credit : Character, Capacity, Capital, Collateral and Conditions. To simplify this, the lender will look beyond just the borrowing capacity in order to approve a loan as they want to be comfortable with your ability to run the business in order to repay the loan. They would look at over business’ financial health, credit history, cash flow projections, industry risk and management experience as part of their assessment process. In some instances all of the above is not available for the businesses, in which case one of our Experienced Commercial Loan broker can assist in getting a Low Doc Commercial Loan or a No Doc Commercial Loan as an interim solution while you prepare the documents required for a Full Doc Commercial Loan.
- Can I use a Commercial Loan to purchase a land or a property in Australia?
Yes, Commercial Land and Commercial Property are in great demand these days and you can get a Commercial Loan to include them in your property portfolio. At WizWealth Finance, our Commercial Loan brokers work closely with the key Land Developers and Builders to guide you in securing these assets too. We have helped number of residential investors diversify into Commercial Asset space with our expertise.
- Are Commercial Loans more expensive than residential loans?
Interest rate for Commercial Loans depends on number of factors including Business Risk profile, Documentation available, Length of the business, Purpose of the loan and applicants industry experience. They are often a little more expensive than the residential loans due to additional risk involved in the nature of the deal. We have lenders that offer Commercial Loans starting from 6.5%, which is a very competitive offering in the current market as of May, 2024.
