The most important component to your quest for the right loan is the broker. Citywide Lending will find the right commercial loan for you, assessing your wants and needs, through the lense of future financial security for your business. Investing in experienced and skilled professional who know how to understand, assess and evaluate current market trends are undoubtedly advantageous to your business’ cash flow.

Citywide Lending want to filter the finest option for your purpose.

In saying that, things to consider prior to obtaining a commercial loan include:

• What type of industry is it?
• How much finance is looking to be borrowed?
• Are you familiar with your business’ credit score?
• Have you calculated your debt-to-income ratio?
• Have you set financial goals? If so, what are they?
• Can you afford to make repayments?

Running a business is no easy task. Having less financial strain gives you an opportunity to focus on the things that matter within your business. Let Citywide Lending alleviate the stress with our fast, hassle-free application process.

Often always, applicants miscalculate the implications of loans and misunderstand the responsibility of one, especially when it comes to Commercial Loans. Citywide Lending aims to ensure that you, the applicant, have a clear purpose when looking to obtain finance for your commercial loan.

Important factors for you to consider are:

• What is the purpose of your finance?
  • Is it to purchase a commercial property?
  • Is it to refinance a commercial property?
• Are you able to commit to repayments?
• Do you understand the commercial loan terms?
• Have you considered a fixed or variable interest rate?
• Are you aware of all the fees involved?

Citywide Lending appreciate that financing is detrimental to the future of your business. If handled incorrectly, it can undoubtedly obstruct the success of your business, and ultimately its future wealth status. Knowing the implications involved in financing can ensure that the decision being made is one with careful consideration and projected outcomes. Be smart, let Citywide Lending guide you

Citywide Lending are the perfect candidates when looking to obtain advice regarding a commercial business loan. Different clients mean different lenders. In saying this, our expert staff utilise their ongoing knowledge of the industry to best advise you on the decision to obtain finance.

There are numerous factors we consider when we offer you advice:

• Current debts
• Current cash flow
• Projected financial goals
• Loan objectives

When applying for a commercial loan it is extremely important to assess both internal and external factors prior to committing to the decision. Citywide Lending can ensure

Documentation is extremely important regarding transparency of the application from the applicant. As regulated by the Australian Prudential Regulation Authority, particular rules and regulations are in place regarding each type of application when gathering data, and are thoroughly examined to ensure that you make the perfect candidate for an loan. When preparing to gather documentation for a loan, look to gather information regarding:

• Company
  • Company details (extracts)
  • Net profit from previous financial year
  • GST registration
  • Bank Statements
  • Tax portals
  • Statutory declarations form Accountant
  • Assets + liability statements