New 30 year terms  for business owners.

To help people get back on their feet there are new products emerging all the time.

Take for example this brand new offer for business owners that’s only just hit the market.

For a Business Loan of less than $1 million, the length of the loan has been increased up to 30 years and can now be secured by suitable commercial property not just residential !

This may provide you with an alternative to using residential property as security for your Business lending.

It could also provide you with more choices to help you run or grow your business.

While the total cost of an extended term loan of up to 30 years will be higher than a shorter term loan, the potential benefits of lower loan repayments may help you to keep your business moving or to take advantage of growth opportunities which may have been previously out of reach.

The main features include:

  • Up to 30 year loan term
  • Secured by standard commercial or residential property
  • Up to 80% LVR
  • Owner occupiers or investors (primary income from business activity) and PAYG investors are eligible
  • Available for Commercial Purchases, Refinances or Business lending
  • Loan term will be aligned to purpose

To find out if you may be eligible, get in contact with us to discuss your options.

As with all financial products, terms, conditions and lending criteria apply.