EXPERIENCED COMMERCIAL FINANCE BROKERS
Financing a business or commercial property requires experience. From Caravan Parks in the Country, to Commercial Property in the city, or Equipment for your business.
We draw on people with different expertise, across different geographical areas. This allows for significant internal analysis before we deal with bank credit teams. This can also include a preliminary analysis of business performance, providing great insights at a strategic level.
Our commercial finance broking services are remunerated by on a commission basis or a fee basis. Whilst it is not responsible or possible to deal with every credit provider, we hold a variety of accreditations with commercial credit providers that service a range of different customer scenarios. A list is included here.
Several of these lenders are members of the Australian Banking Association who are required to be compliant with the Banking Code of Practice (“Banking Code”).
For more information visit www.ausbanking.org.au.
Commercial Finance is generally a more specialised process compared with mortgage finance, and the benefits of dealing with an intermediary like MCP for business funding include:
- We can save time & direct you towards lenders that are more likely to have a credit appetite for the funding type you need.
- We can explain the basis of all bank offers – which are often more complicated than they need to be.
- We make sure you understand the fine print (like bank covenants) and how you can stay inside them.
- We prepare the highest quality funding submissions that address the requirements of credit.
From heavy earth movers to motor vehicles, we have a wide lending panel to support you.
Equipment Finance is part of a businesses’ finance needs, but brings with it some specialised expertise. It can be structured and accessed in different ways, including:
Chattel Mortgages (Own it now and pay it off)
Commercial Hire Purchase (Hire now and own it later)
Finance lease (Lease now and potentially own later)
Novated Lease (Structured through salary sacrifice)
These structures all have potentially different tax and accounting impacts, even though the repayment profiles could often look similar.
The other key criteria is both the term of the facility and the end residual/balloon payment at the end. To test some of these scenarios contact us.