Commercial property finance is a loan to be used for commercial property such as a factory, shopfront, office block or other industrial land. You could use a commercial property loan to buy a new or existing commercial property, or to do any future development or renovation. These types of loans are usually taken out by businesses rather than individuals.
Commercial property loans also require a deposit, but the percentage will depend on the type of loan (for example, a low doc loan will require a bigger deposit) and the type of property used as security. Put simply, a commercial property loan is a mortgage where the property that is used as security is anything other than a residential property.
|Unsecured business loans are loans provided for a fixed period that are not backed by property, equipment or another form of collateral.
Because they are not secured by collateral, unsecured business loans are supported in another way, often by business cash flows in combination with the borrower’s creditworthiness.
Most unsecured business loans are short-term. They are short-term due to the fact that they carry more risk to the lenders.
Short-term unsecured loans often come with factor rates instead of interest rates. A factor rate is a number that, when multiplied by your total loan amount, tells you how much you need to pay back the lender. It’s expressed as a figure such as 1.15. So, if your loan is for $100,000 and your factor rate is 1.15, you need to pay $115,000.
In addition, short-term unsecured business loans often have either weekly or daily repayments. Breaking repayments down into smaller amounts can make it easier to manage your cash flow.
Because of the need for daily or weekly repayments, short-term unsecured business loans are best suited to businesses that have a stable and regular revenue.
Here is an example of how an unsecured loan could work for you:
An unsecured loan example
Do you Qualify?
One of our major lending partners specialises in unsecured small business loans online, Pinnacle Road can broke cash flow loans up to $250,000 with instant approval across a 6-12 month term. Pinnacle Road also offer flexible funding with no hidden fees, so you know exactly what you’re getting when you apply – just an easy to understand interest rate applied against your outstanding balance.
Our partner analyses your business’ data and provides commercial funding that is designed to help you grow from strength to strength in a competitive marketplace. At the present, our partner is happy to fund between $3,000 and $250,000; However, if you need more than $250,000, please contact the Pinnacle Road team.
Markets across the globe are becoming more accessible and cross-border transactions are now part of everyday life for many SMEs. This has led to trade finance becoming an increasingly important business tool.
Trade Finance is a form of working capital; the term commonly refers to the financing of cross-border, import/export transactions. For an importer it means receiving funding to pay a supplier and allow time for the goods to be received, sold and turned into cash.
For an exporter it provides working capital until the overseas customer pays for the goods or services that have been delivered. Exporters typically utilise export factoring or bill facilities as the primary means of financing overseas trading, which may be supported by a letter of credit to secure the transaction.
Debtor Finance is, quite simply, a line of credit linked to and secured by your outstanding accounts receivable.
If your business supplies products or services to other businesses on standard trade credit terms, Debtor Finance can help.
There are a number of variations in how the service is delivered, ranging from Confidential Invoice Discounting (for larger, more sophisticated businesses with a dedicated finance department) to the option of full management of accounts receivables (which allows many of our smaller clients to focus on growing their businesses rather than chasing outstanding invoices).
You invoice your client directly and upload the invoice to us at the same time. Within 24 hours our lender will pay 80% of the value of approved invoices, less our fees. The remaining 20% becomes available to you when the invoice is paid in full.
Imagine you are a furniture importer who wholesales to other businesses.
You buy a chair for $20 and sell it for $50, BUT you only had $20 and have to wait to get paid (possibly 45 to 60 days) before you can buy and sell another chair.
No problem, our lenders can give you up to $40 against the invoice within 24 hours (with the balance on full payment by the debtor), meaning that you can immediately go and buy two chairs for your $40 and sell them for $100…
Now we can give you $80 against the second invoice and you can buy four chairs and so on. The math speaks for itself!
This is a very simple example, but debtor finance is just that – simple.
Without A Debtor Finance Facility
If you answer “Yes” to these 3 questions, your business could benefit from a debtor finance facility.
For more information about how we can help your business please contact Pinnacle Road.
We’d love to hear from you. If you have a question, need more information or just want to organise a coffee, drop us a message below.
Our office is located in South Melbourne. We are mobile based and come to you anywhere, any day, anytime.