COMMERCIAL & BUSINESS LOANS MELBOURNE
Being able to grow means you need to be able to change, and being able to change requires adequate funding – that’s where loans come in.
Is Your Business Growth on Hold?
Businesses operating within all kinds of industries share one common goal: to grow. When your finances aren’t in order, however, growth becomes impossible. For many business owners, the next chapter of their working life starts with finding a commercial loan. It’s not as easy as it sounds, however. There are high interest rates, hidden fees, and endless lenders available all promising that their deal is the best on the market.
Commercial loans can be complicated, but their benefits are endless – you can better manage cash flow, expand your commercial property, and use that money to position yourself as the top competitor against other local businesses. Too many businesses find the complications of loan applications too overwhelming to even get their foot in the door. However, the advice and guidance of an experienced financial expert could make all the difference.
Finding The Right Business Loan
Finding the right loan all starts with asking the right questions. Applying for commercial loans can be a daunting process. Not only can the whole ordeal take a lot of time and paperwork, but the various options available can be confusing. There are secured and unsecured loans, endless loan terms to be met, widely ranging interest rates – the list could go on. Ultimately, navigating commercial loans is best done with the support of an expert.
Once you’ve decided that your business could benefit from a loan, there are several things to consider. Here are a few things we tell clients to think about before approaching lenders:
- Your ideal borrowing amount
- The type of commercial loan you need
- The duration (term) of the loan
- What security you are able to offer the lender in exchange and its effect on the interest rate
- Whether your company can afford to repay the loan, as well as the extra costs of interest and fees
How Partnering With Mel Finance Can Help
Mel Finance is well acquainted with the intricacies of the business world as well as its ever-changing market and economy. We understand that these factors can influence every business and it is our chief goal to assist business owners by enabling access to commercial business loans to suit their needs.
Our experience in the field stems from our dealings with multiple business owners from different industries. We’ve worked with everyone from new-age start-ups as sole traders to generational family businesses which can easily involve multiple trust entities. With that kind of experience under our belt, we understand that each business owner has their own specific needs and desires about how they wish to run and expand their business. We have worked with business owners whose passion aligns with ours as we assist them in financing their crucial business needs to grow and sustain their progress.
While seeking a business loan can seem daunting and risky, calculated risk is necessary to induce growth as well as to stay relevant as consumer tastes are subject to change. Your feelings of doubt and apprehension will be laid to rest by our specialised brokers. We will be by your side at every step to ensure that you have access to all the required information and are best placed to choose the right product for your needs while limiting excessive risks.
Ready to get the business loans your company needs? Request an appointment with Mel Finance today.
HOW CAN A BUSINESS LOAN HELP YOU?
- Upgrade Business Premises or Equipment: The loan can aid in upgrading your business premises that might need more space to accommodate machinery/merchandise and/or purchase specialised equipment to improve overall productivity.
- Invest in Skilled and Experienced Staff: The loan can serve as the required financial boost to hire the professional skills that you need to take your business to the next level.
- Create Cash Flow: Cash flow issues such as waiting upon customers to schedule payments can have significant turmoil on your cash flow practice. Access to funds via the loan can enable financial freedom and remove any inhibitions about investing in the time being.
Your Commercial and Business Loans Questions Answered
It is very common for a business loan to require a deposit, although there are circumstances in which alternative collateral could be accepted. Deposit rates can differ depending on the lender, often between 10% and 30%.
There are several factors that can affect your eligibility for loans. Generally speaking, businesses can apply for loans up to 80% of their free cash flow.
There are countless commercial loan options out there, for businesses of all sizes. There are options available for people looking to start up a brand new business, even though the application process may look quite different!
Most lenders will require an ABN (Australian Business Number) in all applications for business loans.
There are a range of factors that influence interest rates. Depending on your lender, the length of your loan, and things such as your frequency of payments, your interest rate may vary.
Why Choose Mel Finance?
Melbourne Based
You deserve financial support that is tailored to your business, your area, and your circumstances. When you choose to work with Mel Finance, you can benefit from the support of a Melbourne-based advisor who works within your local community.
Personalised Service
The client always comes first. Our team prioritises offering personalised services, meaning that you will receive advice targeted to your industry, team, and overall business.
Boutique Broker
When you partner with a large, corporate giant, there isn’t going to be much flexibility. As a boutique company, Mel Finance can offer consistent communication and flexible services to best suit your needs.
Start Your Future With a Business Loan
A loan should be the beginning of something bigger and better – not the downfall of your business. That’s where we can help. With the guidance of an expert, you can rest assured that the loan you end up with is the best possible option for your company. The Mel Finance team can offer competitive rates and loan options that are tailored to support your business. Don’t get yourself trapped paying off a loan that isn’t going to offer the greatest possible outcomes for your business.
Contact Mel Finance to Find Commercial and Business Loans
No matter the size of your business, there is always room for growth. At Mel Finance, our goal is always to equip businesses with everything they need for a long, successful future. This starts with guiding them through the loan process. The right loan can transform your company, and we’re ready to provide you with the perfect match. Call our friendly team today to learn more about our services, or request an appointment to discuss your business plans further.
Google Reviews
Buying a house is always a daunting task for first-time homebuyers, especially those new to Australia. I think we were very fortunate to meet Lumbini on this Journey. He is very knowledgeable and makes things easier to understand for a newbie like us. He empowered us with the knowledge to make the right decisions. Not only did he help us with the mortgage stuff, but he also mentored us throughout the entire process. It is such a pleasant experience working with him, and I would very highly recommend him. Thank you very much, Lumbini - looking forward to working with you soon on our next project
Tanvi SharmaDecember 20, 2021
Another great experience with Lumbini, this time for refinancing. Although it was not an easy process from bank and took almost 2 month longer than what bank mentions through application forms but same as always he did a great job. Thanks mate
Saeed ShabaniJune 16, 2021
Fantastic service Highly recommend Was recommended to another broker by a friend but after a Google search and reading the great reviews I decided to give Lumbini a call, so glad I did! Lumbini was upfront, honest and professional from start to finish. He explained the pros and cons of all available loan packages and always made himself available to answer questions. Can’t recommend Lumbini enough, Thanks
Darryl SmithSeptember 30, 2021
Fantastic service Highly recommend Was recommended another broker by a friend but after a Google search and reading the great reviews I decided to give Lumbini a call, so glad I did! Lumbini was upfront, honest and professional from start to finish. He explained the pros and cons of all available loan packages and always made himself available to answer questions. Can’t recommend Lumbini enough, Thanks
Darryl SmithOctober 1, 2021
