Business Loans

Time to grow your business? We can help you grow with a business loan

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Whether it's to purchase a property, equipment or business, we're here to help

At Picker Financial Solutions, we understand that growing your wealth through property investment requires access to the right financial tools. Business loans can provide the capital needed to purchase a property, buy a business, or cover unexpected expenses. Our expert team is here to guide you through the myriad of Business Loan options from banks and lenders across Australia, ensuring you secure the best deal for your investment goals.

When considering a business loan, the interest rate is a crucial factor. Interest rates can be either variable or fixed. A variable interest rate fluctuates with the market, potentially offering savings if rates drop. On the other hand, a fixed interest rate remains constant throughout the loan term, providing predictability in your repayments. At Picker Financial Solutions, we help you weigh these options to find the best fit for your financial strategy.

The loan amount and application process are also vital considerations. The amount you can borrow depends on various factors such as your cash flow, working capital, and the collateral provided. For those looking to purchase equipment or buy a business, a secured Business Loan might be ideal, where collateral is used to back the loan, often resulting in lower interest rates. However, if you prefer not to pledge any assets, an unsecured Business Loan is also available. Although typically carrying higher interest rates, unsecured loans provide the flexibility of not requiring collateral.

Flexible loan terms are another significant aspect to consider. Whether you need a short-term loan to cover immediate costs or a long-term loan for a major investment like purchasing property, Picker Financial Solutions can tailor a solution with flexible repayment options. Features such as redraw facilities and progressive drawdown allow you to manage your finances more effectively. A redraw facility lets you access extra repayments made on your loan, providing additional funds when needed. Progressive drawdown is particularly beneficial for property investors and developers, enabling funds to be drawn down progressively as different stages of the project are completed.

For businesses requiring ongoing access to funds rather than a lump sum, a revolving line of credit offers an excellent solution. This option provides flexibility by allowing you to draw down and repay funds as needed up to a predetermined limit. It's particularly useful for covering unexpected expenses or maintaining cash flow during fluctuating business cycles.

Loan structure is another area where our expertise proves invaluable. Deciding between interest-only repayments or principal-and-interest repayments can significantly impact your financial planning and cash flow management. Interest-only repayments keep monthly costs lower initially, freeing up capital for other investments. In contrast, principal-and-interest repayments build equity in your property or business asset over time.

At Picker Financial Solutions, we pride ourselves on offering personalised advice tailored to your unique needs. From understanding your financial position to selecting the right Business Loan options from banks and lenders across Australia, our goal is to ensure you have the best tools to achieve your wealth-building objectives.

Ready to take the next step in growing your wealth through property investment? Contact Picker Financial Solutions today to explore your Business Loan options and start your journey towards financial success. Our team is here to assist you every step of the way, ensuring you make informed decisions that align with your goals. Whether you're applying for a business loan for the first time or looking to refinance an existing one, we are committed to helping you navigate the complexities with ease and confidence.

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SS

Sarah Stokes

Steve from PFS is a delight to work with and makes things easy to understand.

NL

Nathan Lomas

Don't even think about using another broker. The Picker team are the GOATS!

CB

Chad Barling

Been great help, quick and easy process in buying my first investment property

Frequently Asked Questions

How much can you afford?

The first thing we will do is work out your borrowing potential. You may have a dream home in mind but first you need to know if you can afford it. There are many factors that will influence your decision around what to buy and where – proximity to work and family and your stage of life are just a few – but the single biggest decider is nearly always what you can afford. It’s really a case of looking at the big picture and working your way back from there. Consider your household income and what you realistically can afford in loan repayments, taking into account all of your expenses (even coffees and lunches). As a guide a mortgage calculator can be a great place to start, but it won’t take into account all of your personal circumstances or eligibility for a loan. Talking to us will give you a much more accurate idea of what you can afford. We can look to obtain pre approval from a lender so you can put an offer on a home when you find the one you like. Of course, even with a pre approval a subject to finance clause is an important protection.

Why not go straight to a bank?

Of course you can go to a bank, but this can be trickier than it sounds. Firstly, which one do you choose? Which of their products is right for you? And what about other lenders, building societies and credit unions? Australia is indeed the lucky country. We are blessed for choice when it comes to the amount of competition that exists when it comes to the mortgage market. With so many lenders, and so many products under each of their brands, it’s important you make the most of this regarding who and what you choose when it comes to your home loan. There are a lot of options out there and, with regularly moving interest rates and new products, it’s an ever-changing market. And let’s not forget that if you’re a first homebuyer, you’re probably very new to this. That’s why a broker makes sense. We do this everyday. We know the lenders, their products and policies and we keep up-to-date with changes. We help choose what’s right for you. Banks enjoy working with brokers, as we do a lot of the banks’ work for them and making their jobs much easier and may help speed up the application process and get you the top-notch customer service you deserve. In the simplest terms, having a broker in your corner makes finding the right loan easier and can save you time and, hopefully, money.

Do you know how well your current loan stacks up?

Things change, and chances are since you got your home loan interest rates may have moved, and life has too. Has the official cash rate changed since your current loan settled? Has the rate your lender is charging you changed? What about the fees and charges? Chances are the market has changed too. New products designed to attract borrowers are always being introduced, and lending appetites are an ever moving feast. Let’s not forget that things have probably changed in your life too since you took out the mortgage. Your income may have changed, and your expenses probably have too - your financial goals could also be different. Even though most loans are around 30 years in length, you may be surprised to hear that Australians often change their home loan every 4-5 years as they refinance. Refinancing is a chance to look at what’s out there and to check to see whether your current loan is still the right one for you. If it’s not, it may be time to refinance. If you are looking to switch, this guide contains some of the key things you may want to consider.

Why do people invest in property?

Over the last few decades, the values of some properties have often risen more than the rate of inflation. Some say property ownership is a national obsession, with affordability issues, house prices, and interest rate movements constantly in the news. Apart from a common general understanding of the market, there are other reasons people like to invest in property. Some common ones being the potential for capital growth (how much the property rises in value over time), return from rent, and tax benefits. You’ll find more about these over the next few pages. Another plus is you don’t need to be a long time investor with lots of funds on hand to start investing. If you already own a home that’s increased in value, you can potentially unlock this equity to help purchase another property. Or, if you’ve yet to buy your own home you can use the rent to help pay the mortgage on an investment property and get a start in the market.

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