It’s not only mums, dads and adult children seeking financial assistance to buy a home; it’s also commercial clients – corporations and companies that need to expand or develop new projects. Sometimes the local bank is unable or unwilling to make the necessary loan and sometimes another financial institution can offer better terms.
Businesses seek to apply for finance to achieve their goals by using a commercial loan broker who can help tailor the best solution for each individual scenario. The loans are either secured by business assets or alternatively can be unsecured, where the lender relies on the cash flows of the business to repay the facility. Unlike residential lending, commercial finance is often secured against receivables, equipment or supplies. The ability to garner finance will often depend on the strength of the business, the experience of the applicants and the way the application is presented to a lender.
My experience in wholesale banking and commercial lending products will enable you to accurately and comprehensively assess the lending products available on the market best suited to your finance and business needs, and to prepare the paperwork required to apply for a commercial loan.