Commercial

All ProMortgage consultants have commercial lending experience, however Martin Zachara is our commercial specialist with over 10 years commercial lending experience where he has specialised in small business and construction over the past 8 years. For the past 3 years Martin has been recognised as top performing commercial broker in the ACT by the Professional Lenders Association Network.

At ProMortgage our commercial specialisation can best be summarised as:

    1. Property Finance - development and construction funding and can also arrange funding for the purchase or refinance of commercial buildings, office, industrial, hotels, motels, caravan parks and rural properties, basically anything commercial.
    2. Small business and Franchises.
    3. Leasing - Including equipment and motor vehicles.

The above list is not exhaustive of the expertise of ProMortgage staff and we encourage businesses to contact us to make sure they have the best deal for their business.

At ProMortgage our experience helps our clients work through the lending process ensuring the pricing and terms and conditions are most suitable to your business. We manage the transaction from start to finish allowing you to get on with running your business.

At ProMortgage we understand that no two businesses have exactly the same requirements, therefore it is essential that you deal with experienced and commercially minded brokers who can source the deal that best fits your needs.

Examples of recent commercial transactions: 

  • 16 unit development in O'Connor using presale contracts & on completion development value.
  • Construction of a new retail store through a small unsecured loan and asset finance (leasing).
  • Purchase of a $1,600,000 commercial warehouse.
  • Purchase of a $900,000 warehouse without the need for current financials.
  • Purchase of a $400,000 business premises through a Self-Managed Superannuation Fund.
  • Finance of a major franchise chain with no residential property backing.

Commercial

Financing a commercial property

So you're thinking about shifting from a rented premise to your very own commercial space? Or perhaps your existing rented premise has come on to the market. Wouldn't it be great if you owned your own place?
 
Considering that one of the most significant business overheads is rent, it can make a lot of sense to pay into a loan for your business premises – rather than somebody else's. You'll also sidestep the uncertainties of rental increases and expiring leases.
 
Financing a commercial property is not all that different to financing a residential property however it can be more complicated in some circumstances.
Much the same as with a residential home loan there will be similar issues to consider such as interest rate, variable versus fixed rate and line of credit facilities, although it is worth noting that most commercial loans are interest only because of the importance for businesses in managing and maximising cash flow.
 
One key difference will be the loan to value ratio (LVR), which is often lower for commercial property purchases than residential. In other words, you may need to fork out a larger deposit than you would for a residential loan. Generally, the lower the LVR the lower the interest rate, generally, so it pays to keep a commercial loan smaller.
 
Your ability to borrow will depend on the lender's assessment of your financial position and the property in question. Lenders will want to assess all risks, including the location of the property and its usage, as well as your ability to meet repayments.
 
There are many things to consider when it comes to purchasing your own commercial space and it is crucial to seek expert advice regarding what structure to buy the property in.
 
When it comes to securing finance you'll need a professional to navigate you through your borrowing options as well as help you secure that all important loan. In particular, you will need to know what finance facilities are out there that will have the smallest impact on your business' operating cash flow and which will place you in the most tax effective position moving forward.
 
If you're contemplating buying, or want to discuss your financing options, please feel free to give us a call.

Using finance to grow

Whether you're looking to acquire new stock, plant and equipment, take on bigger premises or diversify your business offering, access to the necessary capital will ensure you're positioned to jump on business opportunities as they arise.
 
Even if your cash flow is steady at present it's important to think about what options are open to you in order to further grow and develop. In a competitive market the last thing you want is to miss out on an opportunity because your cash flow won't allow it.
 
A cash flow crunch will not only restrict growth and hamper sales opportunities; it can actually stall even the most vigorous of businesses. In fact a large number of small businesses that fail don't do so because they're unprofitable; they fail because their cash flow is limited.
 
In other words, access to cash – or lack of access – can make or break a business.
 
Fortunately, there is a whole range of financing options available to SMEs, and securing it is not too difficult with the right expertise and assistance.
 
Traditional finance options include overdrafts and line of credit facilities, which provide funding secured against real estate. These are typically suited to finance amounts of between $50,000 and $200,000 and are a popular source for everyday working capital needs.
 
In contrast, cash flow finance offers businesses access to cash tied up in outstanding invoices, without the need for real estate as security.
 
In addition to these cash flow options, businesses seeking to improve client relationships, service capabilities and workplace effectiveness can secure finance for a new vehicle fleet or plant and machinery to improve production.
 
If you're looking to explore your business' growth opportunities speak to us about your financing options. We can offer you extensive advice on what kinds of products will fit your needs and what financing options are open to you.
 
Remember, finance is like food for your business and can influence your ability to grow and sustain development. Speak to us to ensure you have access to the relevant cash to steer your business towards success.

A perfect match

Access to finance has been one of the greatest enablers for small businesses to grow and prosper without having to wait for a stockpile of cash to accumulate in the bank.

Many businesses find that while they are profitable, their cash flow remains tight – particularly in the early stages of establishment. A lack of cash flow can hamper plans to grow or capitalise on market opportunities. Yet today there are plenty of finance solutions for businesses.
 
Funding for businesses is by no means a new phenomenon. Banks have offered loans and overdrafts for decades. But now there are more sophisticated products that are available to business owners designed to meet specific needs.
 
There are a host of tailored products that can be used for anything from purchasing inventory and new equipment through to increasing a car fleet, financing bigger premises, hiring staff, or providing a cash injection to step up marketing and advertising campaigns.
 
Products such as equipment finance, for example, can offer businesses cash to facilitate growth through the purchase of new income generating business assets.
As with all credit products, there are many different repayment structures, interest rates and product features so make sure that you speak to your broker to ensure that you secure the product that delivers the maximum benefit to your business.
 
We have access to a range of funding solutions so call us today to discuss your business' needs.

Buying a business premises

Running a business invariably incurs a host of costs and for some the burden of rising rents can be heavy. It's therefore little wonder that many businesses look to combat this by buying their own premises – a strategy that makes a lot of sense.
 
Not only is this a way of banishing rental payments, there is the added appeal of owning the asset. Commercial mortgage rates can also sometimes work out cheaper than the cost of renting from the outset. This may result in a boost to your cash flow.
 
But while there are benefits with securing your own commercial space, there are also limitations that need to be considered.
 
Commercial lenders typically require the buyer to stump up a higher percentage of the purchase price than in a residential purchase. This can tie up funds that could be used elsewhere in your business.
 
You will also be tied to that property for the foreseeable future, so you will need to consider if the property suits your type of business as well as a changing workforce.
As with any business decision there are pros and cons with buying your own commercial space. One of the biggest considerations, if you are looking to put down roots for your business, is to secure the right finance.
 
Commercial mortgages are more complex to organise than a residential home loan but your broker is well positioned to provide you with all the information you need to make the right choice. With access to leading commercial lenders in the market, we are also perfectly positioned to ensure that you get a competitively priced product, so give us a call to discuss your requirements today.

Geared for growth

A core goal for most business owners is to run a profitable operation that has good growth potential. It doesn't matter what product or service you offer, profitability and revenue growth are the common measure for success.
 
But contrary to what some may think, a profitable business can still run into trouble if struck by cash flow problems.
 
Businesses that are in a rapid growth phase can find that funds can become tight. This can occur, for example, on the back of increased spending while the business has to wait to see an upswing in revenue.
 
Small businesses are particularly vulnerable to suffering a cash flow crunch. While the effects can be severe there are solutions. The good news for SMEs is that help is often close at hand.
 
In some cases, a pre-arranged bank overdraft can be all that is required to keep capital flowing when cash gets tight.
But this may not suit every situation.
 
Your broker has access to a wide variety of lenders and products that are specifically tuned to the needs of growing businesses. These can range from facilities which open up a few thousand dollars right through to potentially delivering sums that hit the millions.
 
Facilities can range from a few months to open ended agreements that can be accessed whenever the need arises. Why not give us a call to find out how smart financing can help you achieve your growth plans and minimise the risk of a cash flow crisis?
space 120unit 
 
120unit2 18unit

Why ProMortgage

Finding the right product is just the first step. Whether you're starting out as a first home buyer, or a multi-million dollar developer, ProMortgage has a specialist to help you every step of the way. 

Quick Facts

  • Established 1999 in Canberra
  • Locally owned and operated
  • Have lodged loans in excess of 1 Billion dollars
  • Highly experienced staff
  • Winner of the PLAN Australia commercial brokerage of the Year for the ACT in 2014, 15 & 16
  • Nominated for PLAN brokerage of the year NSW / ACT for the last 10 years
  • Winner of the Australia Mortgage Association “Small Brokerage” of the Year (2006)
  • Our Brokers regularly recognised in the top 200 PLAN brokers in Australia

Canberra Office

Level 1, 18 Lonsdale St Braddon ACT 2612
Ph: (02) 6262 7113
Fax: (02) 6262 7114
Postal: PO Box 5123 Braddon ACT 2612
Canberra Finance Consultants

Goulburn Office

169 Bourke Street Goulburn NSW 2580
Phone: (02) 4822 0300
Fax: (02) 4822 0301
Goulburn Finance Consultant

ProMortgage Lenders

AMP
ANZ
Bank West
Citi Bank
Commonwealth Bank
ING
Liberty
Macquarie
NAB
St George
Suncorp
Westpac