Running a business comes with certain financial obligations. What you need is a partner that you can turn to in trying circumstances. Whether you plan to expand, purchase new equipment, hire more employees, or simply to improve other aspects of the business, Loans Unlimited is here for you.

Commercial finance loans are a type of loan that you can take out to support your business. Certain loans are geared towards helping you to purchase a car under your business.

Do You Need a

Commercial Loan?

Before you apply for commercial finance, you may want to know a few things first. Many businesses do not know if they should build their credit before they get a commercial loan. Just like other loans, lenders will look at your credit history and score. Do you pay on time? Does your business have other existing loans? Building your credit is a sure way to get great offers and rates.

When you are ready to expand, financing your business becomes crucial. Looking for the right source of funds is not always easy. It is why it pays to compare your available options before you apply for a loan. There is a chance that the application can hurt your credit score, mainly if you apply for more than one loan in a short amount of time.

What Types of

Commercial Loans are Available?

Commercial finance comes in different shapes and sizes. You have plenty of options, but you must pick the one that suits you best. When you need to upgrade your fleet, here are your top choices and how you can benefit from them:

  • Low Doc Car Finance
  • Chattel Mortgage
  • Commercial Hire Purchase
  • Operating Lease
  • Novated Lease
  • Line of Credit

Low Documentation car finance is precisely what the name implies. Many small businesses do not have the required documents to get a loan just yet. To help you out, you can seek low doc car financing, which allows you to get a loan for a car purchase without matching the complete requirements. Someone else will guarantee the loan for you so that you can get approved quickly. You may be able to claim the GST, interest, and depreciation of the car purchase.

Also known as a secured car loan, you can purchase a car that you will use for your business activities. For instance, you are a tradie who requires a ute to move equipment from one site to another. A chattel mortgage is one of your best options.

This commercial finance product is essential for those who wish to hire vehicles from a lender. It is often much cheaper and useful for businesses that only require the car for a set period. 

A rental or operating lease is a comprehensive finance agreement between you and the financier. The latter remains the owner of the rental, even if you have paid your dues. Repayments you have made will typically be tax-deductible.

In its simplest form, a novated lease is an arrangement alongside a salary package. The employer will pay for the car lease and its running costs using the employee’s salary.

You may know this type of commercial finance loan as an overdraft or debt facility. Using the line of credit, your business can access a pool of funds that you can withdraw. Some lenders offer revolving lines of credit while others can expire after a certain period. One benefit of an overdraft account is that you only have to pay for the interest of the amount you used.

How We

Can Help

Loans Unlimited offers you a variety of financing options that you can use for your business. We have commercial loan experts who understand the needs of your business. Choose from a commercial loan product, and we will help you locate the best lender that meets your requirements. Ask one of our experts to find out which commercial finance option is best for you today.

Calculate Your Repayments

How much do you need?

Planning is essential in every situation, including your loans. Now and then, you may find you are in a bit of a tight spot. Usually, it’s an unexpected cost, or perhaps you just wanted to treat yourself.

Our calculator will make your life much easier, whether you wish to organise a loan or check its suitability. Make repayments manageable by using our calculator here at Loans Unlimited. This way, you can create an appropriate plan for your loan repayments.

$1000$100,000

$83000

1 year7 years

5 years

4% interest P.A15% interest P.A

Interest p.a. 5.1%
Repayment period:
Balloon payment:
Balloon Percent 30%

Repayment is

$278 p/w

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$24900 balloon payment

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