Chat with us, powered by LiveChat
Car - Personal Use

Commercial Loans

Are you looking to take out a commercial loan for your business? Look no further than Loanhaus.

Commercial Finance Options

Our mission is to make the process of securing funds as hassle-free as possible. With our extensive network of flexible asset financiers, we can connect you with the best and most affordable deals tailored to your business, no matter its size.

What is a Chattel Mortgage?

Under a Chattel Mortgage, the customer takes ownership of the vehicle (chattel) at the time of purchase. The financier takes a ‘mortgage’ over the vehicle as security against the debt until the loan is paid in full. Once the loan is repaid, the charge is removed giving the customer clear title to the vehicle. The customer can claim the GST, interest charges on the contract and depreciation up to the Depreciation Limit as a tax deduction.

Who does a Chattel Mortgage suit?

A Chattel Mortgage suits someone who is going to use a motor vehicle predominately for business use, therefore this car financing product is used by companies, trusts, sole traders, partnerships and ABN holders who operate under a “cash accounting or Accrual basis”. This allows them to claim the GST in the vehicle’s price up-front when next doing their BAS.

Commercial loans we offer.

How it Works: A chattel mortgage is a type of secured loan where the business takes ownership of the equipment from the beginning. The lender provides funds, and the vehicle serves as collateral. The business repays the loan over an agreed-upon term.

Advantage: The business owns the equipment from the start and can claim tax benefits. You can claim the Goods and Services Tax (GST) included in the vehicle’s purchase price as an input tax credit on your Business Activity Statement (BAS). Additionally, you may also be able to deduct the interest charges on the loan and depreciation expenses up to the Depreciation Limit as tax deductions, subject to the advice of your tax professional.

Consideration: Failure to repay the loan could result in the lender repossessing the equipment

How it Works: In a finance lease, the lender purchases the equipment and leases it to you. You make regular lease payments over a set term, and at the end of the lease, you have to buy the equipment at a predetermined price (which is the residual value amount).

Advantage: If you prefer lower monthly payments during the lease term, the residual value brings down those instalments.

Consideration: The business doesn’t own the equipment during the lease term.

A “low doc” loan, short for “low documentation” loan, is a type of loan designed for businesses that may have difficulty providing the extensive documentation typically required for traditional loan applications.

Advantages: The primary feature of a low-doc loan is that it requires less documentation compared to standard loans. This is particularly useful for self-employed individuals, small business owners, freelancers, or those with irregular income streams who may not have all the standard income verification documents that traditional lenders usually request.

Consideration: Your credit history and the length of time you have been operating your business will be used to assess your eligibility. You may also be required to supply bank statements or a letter from your accountant to support your application. Low Doc Car Loans must be secured.

When considering which type of loan to choose, it’s important to assess your business’s financial situation, the expected usage of the equipment, your cash flow, and your long-term goals. Each type of loan has its advantages and considerations, so it’s recommended to consult with your accountant who can guide you toward the best option for your specific needs.

How It Works: An operating lease is similar to a finance lease, but at the end of the lease term, you typically have the option to return the equipment, renew the lease, or buy the equipment at its current market value. This option is ideal if you’re looking for short-term equipment usage or if you want to regularly upgrade to newer models.

In a CHP, the lender purchases the equipment on behalf of the business and then leases it back to the business. The business makes regular payments, typically over a fixed term, until the total cost (including interest) is covered. Once the loan is repaid, the business gains full ownership of the equipment.

Advantage: The business gains ownership of the equipment at the end of the loan term. Businesses using the Cash accounting & Accrual method of accounting can claim the GST paid on the purchase price of the asset & interest up-front when they lodge their next Business Activity Statement (BAS).

Consideration: The business is responsible for maintenance and other ownership costs from the beginning.

How It Works: A line of credit provides you with a revolving credit limit that you can draw from as needed. This can be beneficial if you have ongoing equipment needs or if you want the flexibility to borrow smaller amounts for various equipment purchases.

Cash flow loans are a type of short-term business financing designed to address cash flow gaps or immediate funding needs. These loans focus on the regular inflow and outflow of cash within a business, helping to maintain day-to-day operations, cover operational expenses, seize growth opportunities, or bridge gaps between incoming revenue and outgoing expenses. The size of the loan is determined by the turnover in the business over the past 6 months on average.

Key features of cash flow loans:

Short-term Focus: Cash flow loans are short-term financing solutions, designed for businesses experiencing temporary cash shortages due to factors like outstanding invoices or peak business cycles, and are typically repaid in less than a year.

Based on Cash Flow: Unlike traditional loans, cash flow loans emphasise and rely on the business’s cash flow history and projected future cash flows. 

Flexible Usage: Cash flow loans can be used for various purposes, including operating expenses, managing seasonal fluctuations, financing inventory, seizing opportunities, or addressing unexpected expenses.

Collateral and Personal Guarantees: While cash flow loans are generally unsecured, lenders may still require a personal guarantee from the business owner or a lien on business assets as security.

Interest Rates: Interest rates for cash flow loans can be higher than those for traditional loans due to the short-term nature and sometimes reduced credit requirements.

These custom-tailored financial solutions are designed to assist entrepreneurs with poor credit scores in obtaining the necessary funds to foster growth and success. Whether you’re aiming to scale your operations, acquire new equipment, or cover unforeseen expenses, bad credit commercial loans serve as a crucial support system for those who have encountered financial setbacks. Featuring adaptable terms, these loans empower you to seize opportunities, all while working towards both your entrepreneurial aspirations and credit rehabilitation.

Equipment loans we offer.

In construction and excavation, having the right equipment is crucial. We offer customised financing solutions to make powerful machines accessible to you. Our financing options cover a wide range of eligible equipment, ensuring your construction, mining, or land development project can proceed with the right tools. We’re here to support you financially, so you can dig deeper, reach higher, and build better.

Eligible for financing:

  • Crawler and wheeled excavators
  • Bulldozers 
  • Backhoe loaders
  • Wheel loaders
  •  Mini excavators
  •  Motor graders, 
  • Articulated dump trucks
  • Compactors 
  • Trenchers 
  • As well as an extensive selection of attachments and accessories to augment the capabilities of your machinery.

When it comes to keeping people and goods on the move, the right vehicles are essential. LoanHaus understands the critical role transportation plays in our lives and businesses. We offer specialised financing solutions designed to put you in the driver’s seat of buses, trucks, vans, and a wide range of transport vehicles. Whether you’re expanding your fleet, upgrading your logistics operations, or starting a transportation venture, our financing options cover a diverse array of eligible vehicles. From city buses and delivery trucks to luxury coaches and specialised transport units, we’re here to ensure that your journey towards transportation success is both smooth and financially sound.

Eligible for financing:

  • City Buses
  • Coaches and Minibuses
  • Commercial Trucks (Various Sizes)
  • Vans and Cargo Vehicles
  • School Buses
  • Specialised Transport Vehicles
  • Public Transport Vehicles
  • Airport Shuttle Buses
  • Tourist & Charter Buses
  • And a range of other transport vehicles to meet your unique needs.

Farming, at its core, demands the right tools for success. That’s where Farm Equipment Finance steps in. Our specialised financing solutions are tailored to empower farmers, big and small, with the machinery they need to thrive. Whether it’s tractors, harvesters, irrigation systems, or livestock handling equipment, we’ve got you covered. Our team of experts understands the unique challenges of agriculture and will work closely with you to secure the financing you need, so you can focus on what truly matters: a bountiful harvest and a prosperous future.

 

Some types of farm equipment financed are:

  • Tractors and Combines
  • Harvesters and Planters
  • Irrigation Systems
  • Livestock Handling Equipment (Chutes, Corrals)
  • Grain Silos and Storage Tanks
  • Seeders and Spreaders
  • Farm Trucks and Trailers
  • Dairy and Poultry Equipment
  • Precision Farming Technology
  • Greenhouse and Nursery Equipment

The process has never been easier

Step 1. Choose Your Preferred Application Method

You have two options: Apply online using our user-friendly Quote form or call us directly. It's your choice – either way, it's quick and easy.

Step 2. Meet Your Dedicated Consultant

Once you've initiated the process, we'll assign a dedicated consultant to guide you through every step. They'll work on your behalf to find the most affordable loan options, process your application, and manage the paperwork for a smooth settlement.

Step 3. Fast Approval Process

With our streamlined approval process, you're just moments away from your financial goals. Apply now and experience a hassle-free journey toward securing the funds you need!

Car Loan Rates

Unlock the best vehicle financing options. Personal or business, new or used. Our expert finance consultants ensure you secure the best rates tailored to your circumstances.

1 %
Lowest Rate
1 %
Comparison Rate

Quick Quote

Step 1 of 3

Name(Required)
Please enter a number greater than or equal to 5000.
Minimum amount $5,000
The comparison rate shown is for a secured loan amount of $30,000 over a term of 5 years based on monthly repayments. Warning: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. Any calculations or estimations do not constitute an offer of credit or a formal credit quote and is only a calculation of what you may be able to achieve based on the information you have entered. It does not consider suitable product features or loan product types. Rates + repayments shown are based on user inputted data. All applications for credit must be verified prior to the formal assessment process. All applications for credit approval are subject to lender credit approval. Approval is not guaranteed.