Commercial Loans in Melbourne – 7 Mortgages

Commercial loans are essential for businesses looking to expand, invest in property, or acquire new equipment. 7 Mortgages specialises in finding tailored financing solutions, including commercial real estate loans in Melbourne, to support your growth. We aim to help you find the right products with competitive rates and terms.

Securing a loan that aligns with your business plans is much easier with our help. To that end, we’ll guide you through the process, offering our expertise and tools, like the Commercial Loan Calculator. This helps you make an informed decision that leads to positive outcomes.

Types of Commercial Loans

When we talk about commercial loans, there are several types available in the market. Each product is designed to address a specific concern or requirements businesses may have. These provide the necessary funding to grow, expand, or maintain daily operations. For instance, they can be used for real estate purchases, equipment acquisition, and working capital management.

Here’s a look at some types we can help our clients with:

• Commercial Property Loans:

  These loans are designed to help businesses purchase or refinance commercial real estate. They come in handy when acquiring office buildings, retail spaces, or industrial properties. We’ll help you find some of the best commercial property loan rates in the market.

• Equipment and Machinery Loans:

  Equipment and machinery loans provide businesses with financing to acquire new machinery without large upfront costs. This option preserves cash flow, maintains liquidity, and allows for regular tech upgrades.

• Business Expansion Loans:

  Businesses are always looking to open new locations, purchase inventory, or expand their workforce. Using this product helps companies aiming to grow and scale up operations in response to increasing demand.

• Working Capital Loans:

  Managing daily expenses, cash flow, and covering short-term funding gaps is important for any organisation. Such loans are in high demand among industry sectors like retail, to ensure operations run smoothly during slower periods.

Eligibility Criteria for Commercial Loans

Your business must meet the lender’s criteria to be eligible for commercial loans in Melbourne. This includes factors, such as a minimum credit score (typically 600+), at least 2 years of trading history, and consistent income. These requirements may vary based on the loan application type, such as secured loans requiring collateral (e.g., property, equipment).

You’ll also need to gather documents like:

• Australian Business Number (ABN) and Australian Company Number (ACN)
• Business tax returns (usually 2-3 years)
• Financial statements (profit & loss, balance sheets)
• Bank statements and income verification
• Personal identification (e.g., driver’s licence)

How to Apply for Commercial Loans: A Step-by-step Guide

Applying for a commercial loan doesn’t have to be complicated. We’ve listed 5 simple steps below you can follow to get one:

• Step 1: Gather Essential Documents

  Prepare key documents such as your ABN, ACN, business tax returns, financial statements, bank statements, and personal ID.

• Step 2: Choose the Right Loan Type

  Determine which commercial loan best suits your business needs. Pay attention to the commercial loan interest rates. If you’re new to this or unsure, we can help. In such cases, jump directly to step 3.

• Step 3: Contact 7 Mortgages

  Reach out to 7 Mortgages to discuss the different loan options, which include, include term loans, lines of credit, or equipment financing. You’ll receive unbiased and professional advice tailored to your needs.

• Step 4: Complete the Application

  After you’ve decided which product fits your needs, we’ll help you fill out the loan application form. Ensure that accurate financial information is provided at all times.

• Step 5: Review and Approval

  We’ll submit the form to the lender for review. Once approved, you’ll have the loan terms which we can negotiate on your behalf.

Why Choose 7 Mortgages for Commercial Loans?

At 7 Mortgages, our team is dedicated to helping your business secure the right financing with ease and efficiency. We stand out as one of the leading commercial finance brokers because of the following reasons:

• Local Experts

  With years of experience in Melbourne’s commercial loan market, we understand local business needs and financial conditions.

• Tailored Loan Solutions

  We offer personalised solutions, designed to suit your unique business goals and finances.

• Competitive Rates and Flexible Terms

  Benefit from our access to a wide range of lenders, ensuring you get the best interest rates and repayment terms.

• Dedicated Support

  Our team provides end-to-end assistance, guiding you through the entire loan application process.

• Quick and Easy Process

  We streamline the steps so that you enjoy faster approvals and quicker access to funds.

If you’re looking for a reliable commercial mortgage broker in Melbourne, don’t hesitate to call us on 03 9544 2642 / 0413 277 413. Alternatively, you can also email us at admin@7mortgages.com.au.