COMMERCIAL PROPERTY LOANS
90% HOME LOANS
EASY BUSINESS LOANS
Use our Business Loan options to start new buisness, buy a running business or funding your business growth.
Once you have identified the business you are interested to buy, get last two years Financial Statements (Profit & Loss Account & Balance Sheet) and give us a call or enquire online. We will analyse the complete situation including your financial position cash/equity available with you and will advise you as what is the best finance option available.
As a rule of thumb banks will lend you between 35 to 65% of the purchase price of the business. If you are buying a good franchise it is around 50% but can go up to 60% or even more. For buying a stand alone business it can be towards 35 % and more. But there is no hard and fast rule. Banks look at the type of business, its cash flow, management system, past performance of business, your experience and capability to operate such business etc etc. The fixed assets and good will of the business undoubtedly count towards banks’ comfort level. Nevertheless your overall financial position will also influence bank's lending decision.
For specialised businesses like hotels and motels, etc. (land and buildings), banks tend to lend 50 to 60% of collateral security. It is to be noted servicing of debt from business resources and your other resources should be to bank’s satisfaction.
Banks like purpose built free hold properties preferably self managed. Talk to us and we will find a solution to your funding needs.