Does your business need a short-term, fast cash injection? If so, commercial finance could be the answer you’re looking for. A commercial loan is typically one that’s provided for a business in order to cover short-term costs, rather than as part of a longer-term loan strategy. From buying additional raw materials in order to complete a large project through to temporary assistance with cash flow, wages and/or overheads, a commercial loan may be used for many different things. Sweetie Lending is a fresh, innovative finance broker that offer clients a good selection of flexible, versatile commercial loans.
Commercial loans Australia businesses can rely on
Although commercial loans are a type of business loan, they are usually intended for short-term use. Collateral is often required to reduce the risk of repayments not being met: collateral may be in the form of business assets or future accounts receivable. What this means for lenders is that the loan isn’t unsecured: if payments are missed or the full amount of the loan isn’t paid, it’s possible that the balance could be recouped from corporate assets or future takings. Obviously taking on any form of secured finance requires considerable thought and planning. Our team are finance professionals with experience in commercial lending: talk to us about your requirements and we’ll try to come up with a funding package that’s right for you.
Commercial loan broker that gives you more options
As a broker rather than a lender, we are able to offer a large amount of choice in commercial loan packages. We work with a number of different lenders, each of whom have different commercial loan products on offer and different criteria to access them. This allows us to find a loan for almost any type of business and most financial profiles. If your business is in bad shape financially, perhaps with a poor credit record or falling takings, we may still be able to offer appropriate commercial lending.
Similarly, if you want a flexible commercial loan we are able to offer a number of options. Some of our loans have one or more of the following features:
- Flexible borrowing limits allow you to reduce or increase your borrowing as the needs of your business change.
- Flexible repayment amounts, that enable businesses to tie repayment to profit levels (a percentage of profits, rather than a set amount is recouped towards loan repayment each month).
- Weekly repayments: a great option for smaller businesses.
- The opportunity to take occasional repayment holidays.
Fast, virtual application for your commercial finance
We only ask for information that’s directly relevant to your loan application. We provide commercial loans Australia wide – our online application process allows you to access our finance options no matter where you are in the country. The entire loan application and acceptance process can be completed online: if you have any problems or need more information at any stage during your application process, our team are just a phone call away. Get in touch to find out more.