Expand Your Small Business with the Help of Business Loans in Adelaide

Posted by Greg Samuel on March 29th, 2017

Congratulations—your small business has thrived consistently and what you offer continues to receive high demand. Now that you are thinking of expanding it, you might need to look into business loans in Adelaide. Business expansion loans are designed for any business that seeks to grow and is designed to provide funding for new machineries, a new commercial space, new employees, and many more. When going over business expansion loans in Adelaide, be sure to consider the readiness of your small business to expand, your credit profile, and getting help from a seasoned finance broker who can help you explore your options and pick the right financing that suits your unique requirements.

Business loans in Adelaide are typically flexible and can be structured as a small business expansion loan. They can come with various features, too, such as fixed or varied interest rates, regular interest and principal payments, interest-only payments, and lump sum repayments so you should be able to customise the loan that suits your business cash flow. Most business loans typically have one to five-year terms, with the interest rate changing according to the length of the term you will choose.

A small business expansion loan in Adelaide can be secured by assets like commercial property, residential property, franchises, leases, licenses, cash, and other assets related to your business. Loans that are secured with residential property are identified as ‘business mortgage loans’ and they come with favourable lending terms like home loans, such as lengthy loan terms (up to 30 years), low interest rates, high loan-to-valuation ratios, less restrictions, and interest offset accounts.

If you prefer to secure a loan by commercial property, its terms will range from one to five years, and repayments are structured over a term, which will depend on the nature and type of your business. Most banks prefer a 65 percent maximum loan to valuation ratio on any commercial property, but some lenders are able to provide up to 70 percent, depending on certain circumstances. Stronger and more established business may be able to acquire a higher portion of the loan against the value of their income and assets.

About The Author:
Samuel Finance is a leading organisation for commercial finance and mortgage broking. They have a personalised approach to help you achieve a superior outcome for your personal or business finances. They provide finance for business loans, trading, working capital, property investment, development, home loans and more. They always strive hard to be a trusted advisor and deliver an outstanding level of personalised customer service.

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Greg Samuel

About the Author

Greg Samuel
Joined: October 14th, 2015
Articles Posted: 34

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