Commercial Loans with Easy Loans Australia

Commercial Loans

BUSINESS LENDING

Using existing residential property as security:

To provide working capital for an existing business.
To buy an existing business.
To commence a new business.

Note: residential security is required.

COMMERCIAL LENDING

Using commercial property as security.
It is also possible to buy a commercial property if you have sufficient deposit, or can use an existing residential property as additional security.

EXCLUSIONS

No referrals below $50,000.
No unsecured loans. Real property security is required. (Except for some franchises. See Franchise Lending).
No loans for small startups without security. For example, to start a hairdresser’s, a bakery, or a dog washing concession, clients must have real property security and a separate source of income. (Again, see Franchise Lending below)
No lending against a business itself, without real property security. An exception could be for lending against existing strong cash flow businesses, such as hotels, motels, and pharmacies.

COMMERCIAL AND BUSINESS LOAN
PRODUCT INFORMATION

Loan Type	Lending Criteria
Prime Commercial*	Fully verified Some credit impairment O.K Maximum 30 year term Can go to 80% “Set & Forget” No annual review No fixed and floating charge
Perfect Low Doc*	Low Doc. 20 year term. “Set and Forget” No annual review No ongoing fees No income declaration, just a statement of ability to repay the loan No fixed and Floating Charge
For Developers*	Cash out to $1 Million at 70% on factories, shops, warehouses and vacant land. “Take-out “ finance for completed developments Development loans to a maximum of 12 units
The “Max”*	No ABN required up to $2 Million and 70% Self certified for income No LMI Maximum LVR to 85% for “blended” first and second With a clear exit strategy, can do nil financials with capitalisation of interest Redraw available. Can do 50 acres, and $50 million
The Franchise Loan*	Can go to 70% against franchise only, but must be a strong application Will go to 100% against residential security Good rate. “Set and Forget” No annual review Can go to 30 year loan term

* Fees and charges apply.