Finance for different types of Business industry
Posted Friday, 28 October 2011 at 22:09 by Michael Chan
Tagged: Commerial Loans
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How much can i borrow for different types of Business?
| Industries / Type | Lender 1 | Lender 2 | Lender 3 |
| Advertising Agencies | Yes | Yes | No |
| Asset Managment | No | Yes | Yes |
| Auto Dealership, repairs, service and mechanics | Yes | Yes | Yes |
| Accommodation / Motel | Yes | No | Yes |
| Aged Care and retirement villiages | Yes | No | Maybe |
| Business service - Accounting, Management, Planning etc.. | Yes | Yes | Yes |
| Business Expansion | Yes | Yes | Yes |
| Brothel | No | No | Maybe |
| Clubs / Pubs | Maybe | Yes | Yes |
| Caravan Park | No | No | Yes |
| Computer - Repairs and sales | Yes | Yes | Yes |
| Cleaning service and Cleaning product sales | No | Yes | No |
| Drugs - Development, Retail , sales etc | Maybe | Maybe | Yes |
| Dental | Yes | Yes | Yes |
| Electronics - Sales, Repair and development | Yes | Yes | No |
| E-Business - Service | Yes | Yes | Yes |
| Farm | Maybe | Maybe | Yes |
| Food - Whole sales, Retail sales and development | Yes | Yes | Yes |
| Funeral parlors | Yes | Yes | Yes |
| General Entertainment - Gaming, Snooker, Arcade | Maybe | No | Yes |
| Home improvement - Hardware stores, service and builders | Yes | Yes | Yes |
| Hospitals | Yes | No | No |
| Internet service provider | Yes | No | Maybe |
| Insurance Broker and service | Yes | Yes | Yes |
| Investment Broker and services | Yes | Yes | Yes |
| Jewelery Store or Marker | Yes | No | Yes |
| Long distance carrier | No | Yes | Yes |
| Money center - Private Banks | No | No | No |
| Marketing service, Management and development | Yes | Maybe | Yes |
| Muti-Development - Construction of block of units or properties | Yes | Yes | Yes |
| Muti-Property ( Existing) - Block of units under one title, Townhouses etc... | Yes | Yes | Yes |
| Movie production, Music production and Photographic Services | Yes | Yes | Maybe |
| Medical clinic and service- (All types ) | Yes | Yes | Yes |
| Management rights | Yes | Yes | Yes |
| Optometrists and eye care | Yes | Yes | Yes |
| Pharmacy | Yes | Yes | Yes |
| Publishing - Private, freelance and corporate | No | No | Yes |
| Property Management- real estate, Strata Management | Yes | Yes | Yes |
| Parking stations- car parks | Yes | Yes | No |
| Office | Yes | Yes | Yes |
| Rental and leasing services - Car, Furnitures, goods etc... | No | Maybe | Yes |
| Restaurants | Yes | Yes | Yes |
| Retail shop | Yes | Yes | Yes |
| Recycling and Population management- Solar power, Wind, Water and Green Business | Maybe | Maybe | Yes |
| Rent Roll | No | Yes | Yes |
| Self Manged Super Fund ( SMSF) | Yes | Yes | Maybe |
| Security - Service and sales | Yes | Yes | Yes |
| Sports - Clubs, retail and service | No | Yes | Yes |
| Storage Facilities | No | No | Maybe |
| Specialty investments - Gambling Machines, vending Machines, ATM's etc... | No | Maybe | Yes |
| Staffing and Outsourcing Services- HR and Training | Yes | Yes | Yes |
| Scientific development and research | Maybe | Maybe | Maybe |
| Toy and Hobby Stores | No | Maybe | Maybe |
| Textile- Clothing and footwear and accessories | Yes | Yes | Yes |
| Telecommunication - Resellers, Service, Sales, Repairs, Networking etc.. | Yes | Maybe | Yes |
| Taxi Plates | Yes | Yes | Maybe |
| Workshop | Yes | Yes | Yes |
| Warehouse | Yes | Yes | Yes |
| Viet Clinincs | Yes | Yes | Yes |
***The above table is a Basic guild, all commercial deals are approved and dealt with on a case by case basis- Contact us for a private and obligation free chat regarding your personal situation
Rule of Thumb- Pricing/Interest Rate
First question investors ask is; " Can this deal be done?" and the second question is " At what rate ? and cost? "
Most Commercial loans comes with a entry/set up cost and it ranges from 0.5%- 2% of the loan amount.
Regarding interest rate, this depends on a number of factors;
1. Security ( if any)
2. Type of Business
3. Experience
4. Loan Amount
5. LVR- Deposit
6. Business Plan
7. Business Strategy and Use of funds
8. Credit History and Financial History
9. Asset and Liabilities
10. Borrower type - Company, Trust, Personal
11. The Lender's Appetite for this sort of deal
12. Type of Rate - Bill rate, Fixed , Variable
Go With The Best
Remember, financing a commercial deal can be complex and time consuming. Don’t trust just anyone . Instead, place your trust in those with true experience in the Australian mortgage market – Shape Home Loans.
ABN 57 142 142 407 | Australian Credit Licence 390573 | MFAA Approved Broker 58602 | COSL Member M0004711