Business Loans

Businesses spanning various industries all share a common goal: expansion. Yet, the path to growth is often paved with financial hurdles. Commercial Finance is the key to unlocking your business's potential.

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

Commercial loans serve as the catalyst for expanding your enterprise, allowing you to master cash flow management, enhance your commercial premises, and establish your presence as a dominant player in the local market. However, navigating the world of commercial financing can be a maze of intricacies. High interest rates, hidden charges, and a multitude of lenders each touting their superiority can make the process seem overwhelming.

While commercial finance may appear complex, its benefits are limitless. Sadly, many businesses find the loan application process daunting, preventing them from accessing the funds they need. Yet, with the guidance of a seasoned financial expert, the process can become significantly more manageable.

Selecting the Right Business Loan

The journey to finding the right financing begins by asking the right questions. Applying for commercial loans can be a formidable task, demanding not only time and paperwork but also presenting a challenging array of choices. Secured and unsecured loans, diverse loan terms, a wide spectrum of interest rates—the options can be bewildering. To navigate the world of commercial financing successfully, it's best to seek the advice of an expert.

Once you've determined that your business could benefit from financing, there are several factors to consider. Here are some crucial factors we recommend clients think about before approaching lenders:

  1. The amount of financing you require.
  2. The specific type of commercial financing that suits your needs.
  3. The collateral or security you can provide and its impact on the interest rate.
  4. The financing's duration (term).
  5. Your company's financial capacity to repay the financing, including interest and fees.

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How we can help you

Total Loans Mortgage Brokers in Port Hedland possesses an in-depth understanding of the intricacies of the business landscape, along with the ever-evolving market and economy. We acknowledge the significant impact these factors can have on businesses, and our primary goal is to streamline access to tailored commercial financing for business owners.

While seeking business financing may seem challenging and risky, calculated risk is an essential element in spurring growth and maintaining relevance, especially in an era where consumer preferences are in constant flux. We'll be with you every step of the way, providing you with all the necessary information to make informed decisions. Our mission is to help you select the right financial product for your needs while mitigating excessive risks.

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JC

James Curry

Russell @ Total Loans has been fantastic in sharing his knowledge and expertise, backed by great organisation and communication with plenty of financial options and considerations. Appreciate having someone local to the Pilbara of his calibre. Will be rec

MB

Mitch Brealey

Russell from Total Loans has been fantastic to work with. He’s always eager to help, answer any questions I had along the way & makes sure to get the best deal from his suite of lenders. Cannot recommend him highly enough, if you’re looking for a broker s

Md

Maximiliano de Souza Corrêa

Had the pleasure to use Total Loans services for the purchase of our first home. Russell and the team were amazing. Presented many options of lenders and government schemes available so we could make an informed decision. Good communication throughout the

Frequently Asked Questions

How does Total Loans ensure a professional service?

As a Licensed Finance Brokerage, with our own Australian Credit License Number: 388425. We are required to always operate with a strict code of ethics and act with honesty and integrity, comply with all the laws and regulations relating to the Mortgage Industry and maintain confidentiality in all dealings. Total Loans has membership of several major industry and governing bodies to ensure that staff keep up to date with industry standards and changes. These include: Australian Finance Group, Australia's largest mortgage wholesaler (AFG) 
Mortgage and Finance Association of Australia (MFAA) 
Australian Financial Complaints Authority (AFCA)

How much can I borrow?

Your borrowing capacity can vary with each Lender. All lenders have their individual serviceability calculators to assess how much you can borrow with them. At Total Loans we have access to most lenders calculators and can provide you with information on how much you can borrow with each lender. Some of the factors that lenders consider when assessing how much you can borrow include length of employment, deposit, guarantors, suitable security, previous repayment history, current debts ie personal loans, credit card/store cards.

Why don't I just go directly to my bank?

Mortgage brokers are often able to offer better rates by negotiating with multiple lenders, while banks only present their own offers. We provide a detailed comparison report so that you can compare the features, rates and fees of the products of various lenders, without going to each bank directly, saving you time and money. We also have access to promotions through the broker network, such as discounted, application fees and interest rates.

Can you help me if I have a poor credit file?

There are lenders who are willing to consider applicants with defaults or poor credit conduct. However, this greatly depends on the details listed on your credit file and the extent of your credit score. Before recommending a lender, it is advisable we check your credit report.

What does a Mortgage Broker Do?

A mortgage broker serves as a valuable intermediary between you, the borrower and the lenders. We have over 15 years in the finance industry and use our expertise and specialized software to secure competitive rates and facilitate a smooth mortgage settlement. At Total Loans, our mission is to safeguard your interests and expertly manage the entire mortgage process, so it is stress free and easy for you.

Do you charge any fees, or are there any hidden costs?

Not at all. Our service is free and transparent, with no hidden charges. When you receive a loan from us, it is the same as if you went directly to the lender. The lender pays us a commission, but it does not impact your home loan in any way.

Why do you need a Mortgage Broker to help you?

Did you know that over 70% of loans in Australia are submitted through a Mortgage Broker? Navigating the countless mortgage products on the market can be confusing and overwhelming. A Mortgage Broker plays a pivotal role in guiding borrowers through the maze of options, explaining product features, and aiding in selecting the ideal loan for you. Beyond purchase assistance, at Total Loans we provide ongoing support, ensuring you always have access to the best financing options available.

How long does it take to get finance approval?

All Lenders have different turnaround times. The Lender you choose will depend on your situation and the urgency of your loan requirements. We will determine the loan that is right for you during our strategy session.

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