Usually for those businesses with a long term finance need and require a lump sum to purchase an asset, expand their businesses or amalgamate existing debts.

Similar to Home Loans they can be variable or fixed. Loan terms are shorter, however, than a Home Loan and are usually approved between 10 and 15 years. 

Repayments are normally principal and interest on a monthly basis but many Lenders are happy to provide interest only repayments for the first 1 to 5 years.

Back to Commercial Loans