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Secure the Right Finance to Grow Your Business
Finding the perfect commercial loan to support your business can be challenging - but with the right broker, it doesn’t have to be. At Legacy Mortgage Solutions, we simplify the process, helping you secure competitive commercial finance tailored to your unique business needs.
Financing Your Business in Melbourne
Our promise to you
Whether you’re looking to purchase a commercial property, expand your operations, or invest in new equipment, obtaining the right finance is crucial for your success. As your trusted commercial loans broker, we’re committed to making your journey smoother by providing:
Expert Guidance
We break down the complexities of commercial lending, explaining various options in simple, understandable terms.
Access More Lenders
With established relationships across a broad panel of lenders, we can secure competitive rates and flexible products that align with your strategy.
Time-Saving Support
We manage the paperwork and negotiations on your behalf, streamlining the approval process so you can focus on what matters most - running your business.
Tailored Financial Solutions
Every business is unique. We assess your specific situation and goals to recommend loan structures that best support your cash flow and growth plans.
Comprehensive Financial Planning
Working alongside your accountant and financial adviser, we ensure your commercial loan not only meets your immediate needs but also supports your long-term objectives.
Are you located outside of Melbourne? Get in touch and we can help find the best solution for you, no matter where in Australia you’re located.
How it works
Our Process for Securing Your Commercial Loan
Initial Discovery Meeting
We begin with a detailed discussion to understand your business, financial position, and goals—whether it’s purchasing a property, refinancing existing loans, or funding expansion.
Financial Strategy Formulation
Based on your objectives, we develop a customised strategy designed to optimise your financing structure and secure the best terms.
Presentation of Options & Strategy
After comparing a range of lenders and products, we present you with a selection of commercial loan options tailored to your business needs.
Application & Approval
Once you select the ideal option, we guide you through the application process, ensuring all documentation is in order and negotiating on your behalf.
Settlement & Post-Approval Support
We assist you through settlement and continue to monitor your loan performance, providing ongoing support and advice should your circumstances or market conditions change.
Commercial loan incentives & opportunities available in Melbourne
Understanding Commercial Loan Options
Commercial finance can take many forms, and the best option for your business depends on your goals. Here are some common types of commercial loans we help secure:
Term Loans
Fixed or variable rate loans that provide a lump sum for capital investments such as property purchases, business expansion, or equipment upgrades.
Business Lines of Credit
Flexible financing that allows you to draw funds as needed, ideal for managing cash flow fluctuations or covering short-term expenses.
Asset Finance
Loans specifically designed to fund the purchase of business assets, from vehicles and machinery to technology and equipment.
Commercial Property Finance
Tailored solutions for purchasing, refinancing, or developing commercial real estate, with terms designed to suit investment strategies and cash flow requirements.
Access the best lenders in Australia to help finance your commercial loan!
Support
Frequently asked questions
Everything you need to know about securing your commercial loan in Melbourne.
What is a commercial loans broker, and how can they help my business?
A commercial loans broker specialises in securing finance for business purposes. We act on your behalf, comparing a variety of lenders and products to find the best loan structure for your specific needs. Our expertise helps you navigate complex lending criteria and secure competitive terms.
How is a commercial loan different from a residential loan?
Commercial loans typically involve larger sums, more complex structures, and different risk assessments compared to residential loans. They are designed to meet the needs of businesses and may include features such as flexible repayment options or asset-based financing.
What deposit or security is required for a commercial loan?
The requirements vary depending on the lender and type of loan. Generally, a deposit of around 10–30% of the property’s or asset’s value may be required. We’ll help you understand the specifics for your situation and explore ways to optimise your deposit and security arrangements.
How long does it take to secure a commercial loan?
The timeline can vary depending on the complexity of your case and the lender’s requirements. Typically, from the initial consultation to settlement, it may take several weeks. Our goal is to streamline the process and keep you informed at every step.
Can you help if my business is not based in Melbourne?
Absolutely. While we specialise in the Melbourne market, we work with clients across Australia. No matter where your business is located, we can help you secure the right commercial finance solution.
What types of loans are best for property investors?
Interest-only loans are popular for maximising cash flow, while principal-and-interest loans gradually build equity. Some investors prefer fixed rates for budgeting certainty, while others want the flexibility of variable rates. We’ll match the right loan features to your strategy.
What happens if my business’s financial situation changes after I secure a loan?
We recommend maintaining open communication with your lender. Should your circumstances change, we can assist in exploring refinancing or restructuring options to ensure your loan continues to meet your business needs.
What documentation do I need to apply for a commercial loan?
Typically, you will need to provide your business financial statements, tax returns, bank statements, a business plan, and details of any current debts or assets. We’ll work with you to ensure all necessary documentation is prepared to strengthen your application.
Can I refinance an existing commercial loan?
Yes, refinancing is a viable option for many businesses seeking to secure better terms, lower interest rates, or improved cash flow. We can assess your current loan structure and advise if refinancing is the right move for your business.
How do lenders assess my business's creditworthiness?
Lenders will consider factors such as your business’s trading history, financial performance, cash flow, credit score, and collateral. We’ll help you understand these criteria and prepare a strong application that highlights your business’s strengths.
Can a mortgage broker help me manage my ongoing investment loan?
Absolutely! We’ll keep track of interest rate movements and lender policy changes that could affect your loan. We’ll also assist with refinancing or restructuring your loan if you decide to expand your portfolio or the market shifts.
What if my business is a start-up or has limited trading history?
Even if your business is new or lacks extensive trading history, there are lenders who specialise in start-up financing. We can help you prepare a comprehensive business plan and present your growth potential effectively to secure a commercial loan.
Can I secure a commercial loan for mixed-use properties or redevelopment projects?
Yes, many lenders offer tailored finance options for mixed-use properties and redevelopment projects. Our team will work with you to structure a loan that accommodates the unique requirements of these ventures.
Still looking for more advice?
Can’t find the answer you’re looking for? Please chat to our friendly team.
Browse our other services
Can't find exactly what you're looking for? Here are some other services that we provide that might be more suitable to your situation:
First Home Buyer Loans
Access competitive loan options that can help you start your property journey in Australia, get in touch today.
Read more
Investment Loans
Access competitive loan options that can help you maximise your investment returns across your portfolios
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Variable & Fixed Rate Loans
Let us help you navigate the complexity around loans and find the best rate type for your goals.
Read more
SMSF Loans
An SMSF loan enables a Self-Managed Super Fund to borrow funds for acquiring investment properties or refinance existing SMSF debt.
Read more
Bridging Loans
A bridging loan may be necessary to cover the financial gap when buying one property before your existing one is sold.
Read more
Asset Finance
Need finance for another large purchase besides your home like a private car or commercial vehicle and equipment?
Read more
Restructuring Finances
Have you recently assessed your overall financial situation, or are you among those who simply set and forget?
Read more
Development Funding
Development funding offers a range of financial options tailored to help you successfully complete your project.
Read more
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Not sure what kind of loan you need?
The major benefit of using a broker to finance other large purchases besides property is obtaining finance that is tailored to fit your current financial circumstances and needs. With depreciating assets, the right finance can also potentially save you money on interest and fees, or potentially help you maximise your tax benefits. AND MORE – Not sure what kind of loan you need for your current financial circumstances? That’s our job. We deliver tailored finance solutions chosen from a panel of leading lenders, and give you peace of mind that your loan is working for you. Contact us today to find out all the ways we can help you.
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