Commercial Finance

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Commercial Finance Options in Australia

There are several types of commercial finance and commercial loan options available depending on your circumstances.

Commercial Finance Eligibility Criteria

To be eligible for commercial finance in Australia, most lenders will require:

  • An active ABN
  • Proof of identity
  • Evidence of business income or cash flow
  • An acceptable credit profile

Lenders may also assess trading history, industry, and financial performance when determining suitability.

Commercial Loan Interest Rates in Australia

Interest rates for commercial finance can vary depending on the lender, business profile, and loan structure. Factors that may influence the rate include:

  • Business turnover and cash flow
  • Time in business
  • Credit history
  • Loan amount and term
  • Type of asset or funding

What is Commercial Finance?

Commercial finance is a type of funding designed to help businesses acquire vehicles, equipment, or working capital to support day-to-day operations and growth. Rather than tying up cash, businesses can access funding solutions that align with their cash flow and operational needs.

How Does Commercial Finance Work In Australia?

Commercial finance allows businesses to access funding through structured repayments over an agreed term. Repayments can be tailored to suit cash flow, with options including weekly, fortnightly, or monthly structures.

Once approved, funds are either paid directly to the supplier or provided as a facility, depending on the type of finance. The total cost will depend on factors such as the loan structure, term, and any applicable fees.

Frequently asked questions!

How much can I borrow for car finance?

  • Loan amounts typically range from $5,000 to over $250,000 depending on your financial position and lender policy.

Can I get car finance with bad credit?

  • Yes, it may still be possible to obtain car finance even if you have a poor or impaired credit history. Some specialist lenders assess applications based on your current financial position rather than past credit issues alone.

Can I Refinance a car loan?

  • Yes. Car loan refinancing allows you to replace your existing loan with a new one, potentially with a lower interest rate, reduced repayments or a different loan term.

Can I finance a private sale vehicle?

  • Yes.
  • We can assist with:
  • Dealership purchases
  • Private sales
  • Interstate purchases
  • Auction purchases

Can I get car finance with no deposit?

  • Yes. Many lenders allow car finance with a low deposit or, in some cases, no deposit at all. However, the deposit amount can influence your loan-to-value ratio (LVR), interest rate and approval outcome. Providing a deposit may reduce your repayments and the total interest payable over the life of the loan.

Is car finance tax deductible in Australia?

  • Car finance may be tax deductible if the vehicle is used for business purposes. Interest charges and certain loan-related expenses can sometimes be claimed as business deductions, depending on your circumstances.

    Eligibility depends on factors such as business use percentage and loan structure. You should seek advice from a qualified accountant regarding your specific situation.

Compare commercial finance across 80+ lenders with Avero Finance. Trucks, equipment, fleet, machinery and more. Fast approvals for ABN holders. Apply today.