Business Loans in Mackay | All Finanz & Insurance Solutions Mackay

Commercial Loans

Whether you’re looking to purchase a workshop, expand your operations or buy new equipment, at All Finanz & Insurance Solutions Mackay, we want to be a partner in growing your business.

Our experienced brokers take the time to understand your business objectives across the short, medium and long term. We deal with all the major lenders across Australia and go through all the options available to present you with only those business loans that meet your criteria.

We have offices open five days a week in Mackay but we also know that running a business doesn’t mean keeping office hours. We have appointments available after hours and on weekends as well as a mobile service that travels up to Bowen and the Whitsundays.

Running a business is challenging at the best of times and managing cash flow is crucial for success. At All Finanz & Insurance Solutions Mackay, we explore all the options available in short and medium-to-long term commercial loans.

Short term: Do you need a quick cash injection to meet payroll before one of your bigger clients pays? A short-term loan that is repaid between 3-18 months might be the right solution.
Medium-to-long term: Take advantage of opportunities to grow your business and pick the fixed or variable interest loan that works best for you. These types of loans generally run between 1-30 years. Depending on the lender, these products may offer features such as additional repayment options and redraw facilities.

If you’re not sure what kind of commercial loan is best for your business, we’re here to answer your questions and suggest all the options you might want to consider, including asset finance, refinancing and debt consolidation.

An overdraft is a way of weathering the highs and lows of cash flow within your business while still ensuring you can meet your overall financial obligations.

This facility is a revolving line of credit and offers flexible repayments and loan terms. Accessing the funds you need is quick and easy. Interest is paid only on the outstanding balance.

All Finanz & Insurance Solutions Mackay is your local finance and insurance broker, here to help you source the best range of finance products, including home loans, pre-approved loans as well as personal loans.

Frequently Asked Questions

What is the difference between a commercial loan and a personal loan?

A commercial loan is for business purposes. It is used for purchasing business premises, stock, equipment, or other related activities such as payroll or the costs of onboarding new employees. Business loans should not be used for purchasing personal items.

Personal loans are for more general needs. Depending on the size of your business, you can generally borrow much larger sums at a much lower interest rate than personal loans.
Are commercial loans tax deductible?

The principle (the amount you’ve borrowed) in a commercial loan is not tax deductible but the interest paid on the loan is. You should consult with your accountant to get the right information with respect to your business situation.
Do small businesses qualify for commercial loans?

Commercial loans are typically used to finance larger projects or investments, such as commercial real estate or business expansion. However, some lenders may be willing to provide loans to small businesses. To qualify for a commercial loan, your business will usually need to have a good credit history and generate enough revenue to repay the loan.
How much deposit do I need for a commercial property loan?

The commercial loan deposit requirements in Australia vary depending on the lender and the type of commercial property you are looking to purchase. As a general guide, most lenders will require a minimum deposit of 20% of the purchase price.

If you are looking to purchase a commercial property with a loan from a major bank, you may be required to provide a larger deposit. In some cases, banks may require a deposit of 30% or more of the purchase price.