Fast Commercial Loan Facility

Question 1

Answer

A commercial loan is a type of financing provided to businesses for various purposes such as purchasing equipment, expanding operations, or managing cash flow. Unlike personal loans, commercial loans are specifically designed to meet the needs of businesses.

Question 2

Q: Who is eligible for a commercial loan?

Answer

Eligibility for a commercial loan varies by lender, but generally, businesses that have been operating for a minimum period, demonstrate stable revenue, and have a good credit history are eligible. Startups may also qualify under certain conditions.

Question 3

Q: What types of commercial loans are available?

Answer

There are several types of commercial loans, this facility is for Commercial real estate assets. Finexia will provide all types of loans see our private credit pages or contact us for more details

Question 4

Q: How much can I borrow with a commercial loan?

Answer

The amount you can borrow depends on several factors, including the type of loan, the lender’s policies, your business or real estate assets, and the purpose of the loan. Loan amounts can range from a few hundred thousand dollars to millions.

Question 5

Q: What is the interest rate for a commercial loan?

Answer

Interest rates for commercial loans vary based on the type of loan, the lender, the borrower's creditworthiness, and prevailing market rates. Finexia Financial Group offers competitive rates starting from 10% per annum.

Question 6

Q: What is the typical repayment term for a commercial loan?

Answer

Repayment terms for commercial loans vary widely depending on the type of loan. Term loans may have repayment periods from one to ten years.

Question 7

Q: What documents are required to apply for a commercial loan?

Answer

To apply for a commercial loan, you typically need to provide the below for finexia's its about the asset provided for security

Business financial statements (profit and loss statements, balance sheets)
Personal and business tax returns
Business plan or proposal
Legal documents (business licenses, articles of incorporation)
Credit reports

Question 8

Q: How long does it take to get approved for a commercial loan?

Answer

The approval process for a commercial loan can vary from a few days to several weeks, depending on the complexity of the loan and the lender's requirements. It’s essential to provide complete and accurate documentation to expedite the process.

Question 9

Q: Can I use a commercial loan for any business purpose?

Answer

While many commercial loans can be used for various business purposes, some loans, like equipment financing or commercial real estate loans, are designated for specific uses. Always clarify with your lender regarding permissible uses of the loan funds.

Question 10

Q: What are the fees associated with a commercial loan?

Answer

Common fees associated with commercial loans include application fees, origination fees, appraisal fees (for real estate loans), and closing costs. Be sure to ask your lender for a detailed breakdown of all fees involved.

Question 11

Q: What happens if I default on a commercial loan?

Answer

Defaulting on a commercial loan can have serious consequences, including damage to your business and personal credit scores, legal action, and potential seizure of collateral. It’s crucial to understand the terms of your loan and maintain regular communication with your lender if you encounter financial difficulties.

Question 12

Q: Can I refinance a commercial loan?

Answer

Yes, many lenders, including Finexia Financial Group, offer refinancing options for commercial loans. Refinancing can help you obtain a lower interest rate, reduce monthly payments, or access additional funds. However, it’s important to consider the costs associated with refinancing, such as prepayment penalties and closing costs.

Question 13

Q: What is collateral, and do I need it for a commercial loan?

Answer

Collateral is an asset pledged to secure a loan. Depending on the type and size of the loan, lenders may require collateral such as real estate, equipment, or inventory. Secured loans typically offer lower interest rates but carry the risk of losing the collateral if the loan is not repaid. As a private credit provider, Finexia has many different types of loans they offer. Our main focus in in childcare assets but we are happy to talk to you about any of your lending needs.

Question 14

Q: How can I improve my chances of getting approved for a commercial loan?

Answer

To improve your chances of approval, ensure your business financials are in order, maintain a good credit score, provide a solid business plan, and choose the right type of loan for your needs. Building a strong relationship with your lender can also be beneficial. This facility is a little different, we are most interested in asset which is supplied as security. With a valuation on the asset we can fund up to from 55% to 80% LVR depending on the asset.

Question 15

Q: Who can I contact for more information about commercial loans?

Answer

For more information, contact our experienced private lending team at Finexia Financial Group. They can provide personalised information and help you navigate the application process to find the best loan solution for your business needs.

Fast Commercial Loan Facility

Loan to Value Ratios

How to Apply

Documents:

Finexia - Financial Reports:

Other Information:

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Fast Commercial Loan Facility

Loan to Value Ratios

How to Apply

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Kindly provide answers to the following questions to better cater to your interests.

Documents:

Finexia - Financial Reports:

Other Information:

News & Education

Victoria’s Strategic Push for 50 New Early Learning Centres Amid ...

ASX funds and companies opening new doors for investors in private ...

Navigating the Shifts: Understanding Australia's Childcare Generation

Quick Links

Services