Business Loans

Let’s face it: business owners know how to run their companies, but very few are eager to begin the lengthy and complicated process of applying for financing. This is where Loan Hunter can help. Once you’ve experienced our value, service, variety, and professionalism, you’ll probably never go to a bank again.

HOW CAN WE HELP

For years, business owners have relied on traditional banks because they are unaware of the alternatives. However, times are changing, and more and more business owners are realising the value of having an experienced business finance professional or commercial broker advocate on their behalf.

A business loan can help your company grow and evolve. You may have the opportunity to acquire the premises where you conduct your business, or you may require financing to purchase a competitor’s business.

Residential or commercial property has traditionally been used to secure business loans. However, lenders who are interested in helping small businesses grow are beginning to offer unsecured options. Lenders want to know how the borrowed funds will be used, so business owners must clearly outline how the funds will be spent. Unsecured and secured lending will both require the company to meet certain turnover and profitability requirements.

Business loans have much lower interest rates and terms ranging from 10 to 30 years. These rates of interest can be fixed or variable. A fixed interest rate is one that remains constant throughout the term of the loan. A variable interest rate indicates that the interest rate can change in response to market conditions. Loan repayments can be either interest-only or principal-plus-interest.

When a company applies for a business loan, lenders look at its history, amount of debt, financial turnover, and profitability. To be considered for a business loan, your company must be at least 12 months old and have completed full-year financials. Our commercial brokers understand how to best position you to be approved by your preferred lender.