Loan Products available:

There is a wide range of available products designed to assist with the a business owners financing requirements as well as varied personal lending products (home & investment loans, etc).

Listed below are the types of loans we can arrange:

* Loan secured against selected leasehold Motel businesses

 

* Loan secured against selected freehold Motel businesses

 

* Commercial Property secured loans

 

* Loan secured by selected Management Rights businesses

 

* Investment Property loans & Home Loans for residential properties

 

* Business Loans secured by residential property or commercial property

 

* Overdraft facilities for ongoing working capital

 

* Guarantee facilities for rental and supplier bonds

 

* Plant & equipment finance for purchase of new business equipment. Select the tab on the left for —— more information on funding types, loan terms, acceptable security and purpose.

 

* Inventory/Stock Finance to fund larger business cashflows

 

* Credit Card Advances for small working capital loans for retailers

 

* Vehicle leasing for business vehicles (Lo Doc available up to $100k for well established businesses ———and conditions apply)

 

* Insurance Premium funding fund insurance over longer terms

 

Talk to us about what sort of finance you are after and we will work to engineer suitable products.

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Possible Lending maximum Percentages:

           Freehold Motels                    60% to 75%

           Leasehold Motels                  30% to 50%

           Management Rights               40% to 70%

           Residential property              80%

           Other commercial property    60% to 70%

           Cash on deposit                    95% to 100%

          

Actual percentage applied will vary as our panel lenders have a variety of loan terms and conditions. Our aim will be ———————-to obtain the best possible amount against the property(s) being offered as security. Different loan terms and ———————conditions can apply and key success factors or industry benchmarks may be applicable. Lenders will require a ——————formal independent valuation of the offered security in every case.

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Part of our role is to listen carefully to what our clients needs are and then tailor loan facilities to match these needs. To do this, we use our panel of over 40 lenders (including major Banks, Regional Banks, institutional funders and finance companies).

Areas we consider when preparing a tailored loan proposal are:

* Product pricing (ie. Interest rates, fees, etc)

* Loan repayment terms. These are influenced by the security being provided

* Borrowers current financial situation, credit history, working background

* Matching loans to security offered which can reduce interest rates and repayments

* Ensuring loan repayments fit within the available income of the business (plus any other external income sources)

* Size, nature & location of the business. Lenders have different credit criteria

* Have sufficient allowances been made for purchase costs and ongoing working capital

 

It is important to understand that business lending is different to lending for home loans. There is a much higher degree of complexity. Interest risk margins, loan fees and loan terms are not comparable to a home lending situation.

We do not think a one size fits all approach is the right way to do business lending and we use our experience and knowledge of available products to ensure that clients are provided with the right finance to meet their needs now and in to the future.

 

—Need a business loan quote? Give us a call now on (02) 6368 7161—————————————————————— or send an email to:—-info@motelfinance.com.au