Business Loans

Are you looking to purchase a business? Or perhaps you may be looking to grow your existing business? Or maybe you are looking to purchase new equipment or vehicles?

Unlike with residential home loans, where interest rates and fees can be found with a simple Google search, there is an element of mystery when it comes to business and commercial finance.

A Mortgage World Australia broker can help you unravel that mystery and find you the solutions you need using our revolutionary business lending platform.

Types of business loans

Our mortgage brokers can assist you with the following business loans –

Business Loans Fast Find

Debtor or invoice finance

Debtor or invoice finance

Allows you to unlock cash against the unpaid invoices you have already issued.

  • Lender considers the monies owing to you as an asset and can lend against it.
  • May be possible to borrow up to 85% of the value of outstanding invoices

Working capital finance

Working capital finance

Loan that helps you take care of more immediate and day-today business expenses.

  • Usually an overdraft type facility where you only pay interest when you draw down funds.
  • Can be secured by an asset or unsecured. Unsecured generally more expensive

Franchisee loans

Franchisee loans

Loans to purchase new or existing franchised businesses.

  • The percentage of the purchase price you can borrow is dependent on the strength of the franchise.
  • In some cases it may be possible to borrow up to 70% of the business value unsecured or 100% of the purchase price if you offer real estate as security

Self-Managed Superannuation Fund

Self-Managed Superannuation Fund

Finance to purchase commercial property within a Self-Managed Super Fund structure.

  • Up to 30 years loan term
  • It may be possible for your SMSF to purchase a property that will be occupied by your business.

Unsecured short-term business loans

Unsecured short-term business loans

A faster way to access finance for everyday business expenses.

  • Loans usually from $5,000 up to $250,000.
  • Simplified application process. Loans of <$50k require little documentation

Term loans

Term loans

Commonly used to buy commercial real estate, or buy an existing business or franchise.

  • Similar to a normal home loan. Up to 30 years loan term with fixed and variable interest rates.
  • Generally require real estate security.

Frequently asked questions

Not sure? Have additional questions? Try here –

I want to purchase a franchise business. What percentage of the purchase price can I borrow?

It depends on the franchise and whether it is an existing business or a Greenfield (new). A number of lenders have a panel of accredited franchises but this panel constantly changes depending on the performance of the existing franchisees. As a general rule of thumb it is usually possible to borrow at least 50% of the purchase price of an existing business and in some cases up to 70%. If you have a property to offer as security then it is possible to borrow 100% of the purchase price.

Do the term loans you offer require annual reviews?

Some of the banks will review loans annually and will request updated financial information from you each year. We have solutions that don’t require annual reviews.

I already have motor vehicle finance in place for my business and I wish to upgrade the vehicle. Will I need to provide full financial statements to obtain a new loan?

We have easy upgrade finance solutions where if you have good history on your existing facility you may be able to obtain a new facility without going through the hassle of providing tax returns and financial statements.

I am a doctor and I don’t have time to jump through hoops to obtain finance. Is there a quick and easy solution for me to obtain finance to purchase plant, equipment and motor vehicles?

If you hold a current professional qualification as a doctor, pharmacist, veterinarian, architect, surveyor, lawyer, optometrist, dentist, chiropractor, accountant or engineer and you have been in practice for more than 3 years you may be able to finance plant, equipment and motor vehicles without having to provide tax returns and financial statements. This is subject to some other conditions also.

Need help? Give us a call.

Why not give us a call, or send us an email and get a direct response from one of our finance experts. We’d be happy to give you a hand and help point you in the right direction.