Commercial & Development Loans
Finance for Business Growth, Property & Development
Business finance should be structured around what you are trying to achieve.
You may be purchasing commercial property, acquiring a business, expanding operations or managing working capital.
At My Finance Consultants, we help businesses compare suitable finance across major banks, non-bank and specialist commercial lenders.
We assess your business, financial position, security and funding requirements before approaching lenders.
We then structure and package the application, compare lending terms and manage the process through to settlement.
Commercial finance can vary considerably between lenders, so we consider more than the advertised interest rate.
Commercial Property Finance
Commercial property lending can be used to purchase or refinance owner-occupied or investment commercial property.
This can include offices, retail premises, warehouses, industrial property and selected specialist facilities.
Lenders may also finance mixed-use properties, multi-title assets and other commercial real estate where their property requirements are satisfied.
Major banks provide commercial property finance across a broad range of property and development types.
Owner-Occupied Commercial Property
Purchasing your business premises can provide greater control over your location and property costs.
The lender will generally assess your business's ability to service the debt alongside the property offered as security.
The required contribution, loan term and documentation depend on the lender, property and financial position.
Commercial Investment Property
Commercial investment lending can be used to acquire property leased to another business.
Lenders may consider the lease, tenant, rental income, property type and remaining lease term when assessing the application.
Some commercial property products can place greater emphasis on rental income than the borrower's broader business financials.
We compare the complete lending structure before recommending a lender.
Business Growth & Acquisition Finance
Secured & Unsecured Business Loans
Business loans can help fund expansion, acquisitions, fit-outs, working capital and other approved business purposes.
A secured business loan uses acceptable assets as security.
An unsecured business loan does not rely on property security, although guarantees and other lender requirements may still apply.
Loan amounts, terms, rates and documentation requirements vary significantly between lenders.
We compare the available structure against your business cash flow and intended use of the funds.
Business Purchase Finance
Finance may be available to purchase an existing business, partnership interest, franchise or professional practice.
The lender may assess the purchase price, historical financial performance, cash flow, industry and experience of the incoming owner.
Funding may also need to cover goodwill, equipment, stock or other acquisition costs.
We help prepare the lending submission and coordinate the financial information required by the lender.
Franchise Finance
Franchise lending can help fund the purchase or establishment of an eligible franchise.
Lender appetite can depend on the franchise system, trading history, location, borrower experience and proposed security.
Some lenders maintain dedicated franchise lending programs and acquisition-finance options.
Working Capital & Cash Flow Finance
Business Lines of Credit & Overdrafts
A line of credit or overdraft can provide access to additional funds when your business needs them.
These facilities can help manage seasonal expenses, supplier payments, payroll and temporary cash-flow gaps.
Interest is generally charged on the amount drawn rather than the entire approved limit.
The available limit and security requirements depend on the lender and business.
Invoice Finance
Invoice finance can help businesses access cash tied up in eligible unpaid customer invoices.
Rather than waiting for customers to pay, the lender advances funds against qualifying receivables.
This can be particularly useful for growing businesses with strong sales but longer customer payment terms.
Different invoice-finance structures are available, and not every invoice or business will qualify.
We compare the facility limits, fees, security requirements and administration involved before recommending this type of finance.
Property Development Finance
Development finance is designed for projects where funding is required across land acquisition, construction and project completion.
This can include duplexes, townhouses, subdivisions, apartment projects and eligible commercial or industrial developments. Major commercial lenders offer specialised funding for both land acquisition and construction.
Project & Feasibility Assessment
Development lending generally involves a detailed assessment of the project.
Lenders may consider the site value, development costs, completed value, borrower equity and project experience.
Pre-sales may also be required depending on the project and lender.
The lender may assess both Loan-to-Cost and Loan-to-Value measures when determining the maximum facility.
There is no universal LTC or LVR that applies to every development.
Construction Drawdowns
Development funding is generally released progressively as construction advances.
The lender may require quantity-surveyor reports, valuations or other evidence before approving drawdowns.
Interest may be capitalised within an approved facility where the lender and project structure permit.
We assess these requirements before approaching lenders so the funding structure reflects the project's expected cash flow.
What Commercial Lenders Assess
Commercial lending is generally more tailored than a standard residential home loan.
The documents required depend on the business, loan purpose and proposed security.
For established businesses, lenders may request financial statements, tax returns, bank statements and details of existing liabilities.
A business acquisition or development application can require forecasts, feasibility information and additional supporting documents.
Commercial property lending may also require leases, valuations and information about tenants or property use.
We identify the required information early and package the application around the lender's assessment requirements.
Our Commercial Finance Process
Initial Assessment
We discuss your business, funding purpose, financial position and preferred timeframe.
We review the available security, existing debts and documentation before considering lenders.
Lending Strategy & Comparison
We identify suitable banks, non-bank lenders and specialist commercial lenders.
We compare interest rates, fees, loan terms, security requirements and relevant financial covenants.
The lowest rate is not always the most suitable facility.
Flexibility, repayment structure and lender policy can be equally important.
Application & Negotiation
We prepare the lending submission and coordinate the financial and supporting documents.
We then manage lender questions and compare available terms.
Where appropriate, we negotiate pricing, structure and other lending conditions.
Valuation, Approval & Settlement
We coordinate valuation and lender requirements as the application progresses.
We also work with your accountant, solicitor and other relevant advisers where required.
For development facilities, we can remain involved as lender conditions and approved drawdowns progress.
Frequently Asked Questions
What Types of Commercial Property Can Be Financed?
Lenders finance many commercial property types, including office, retail, industrial and selected specialist properties.
Available LVRs and lending terms depend on the property, location, use and overall application.
How Much Can I Borrow for Commercial Property?
There is no universal maximum.
The lender will consider the property value, business cash flow, rental income, available contribution and proposed security.
We compare suitable lender policies based on the transaction.
What Documents Will I Need?
Established businesses may need financial statements, tax returns, bank statements and details of assets and liabilities.
Property, acquisition and development transactions can require additional documentation.
Can I Get a Business Loan Without Property Security?
Potentially. Selected lenders provide unsecured business finance, subject to eligibility, credit assessment and business performance.
Rates, limits and terms may differ from secured lending.
Can I Finance the Purchase of an Existing Business?
Lenders may finance business acquisitions where the transaction and repayment capacity satisfy their requirements.
The business's financial performance and your relevant experience may form part of the assessment.
What Is Invoice Finance?
Invoice finance provides funding against eligible unpaid customer invoices.
It can help convert receivables into working capital before customers make payment.
How Is a Development Loan Assessed?
Development lenders generally assess the project costs, property value, borrower contribution and feasibility.
They may also consider project experience, pre-sales and expected completed value.
LTC and LVR requirements vary between projects and lenders.
Can You Help With Both Bank & Non-Bank Commercial Lending?
Yes. We compare appropriate options from available bank, non-bank and specialist commercial lenders on our panel.
The lenders considered will depend on your transaction, security and financial position.