The Business Purchase Loan
This loan assists you in the purchase of a leasehold or franchise business with goodwill that is secured by business and/or property assets.
Product features include...
- Loan amounts can be secured to a maximum of up to 50% of the value or purchase price of the business whichever is the lower.
- Loan amounts can be 100% of the purchase price of a business with additional real estate or other acceptable security.
- Terms up to 30 years for secured property loans to 80% of loan to valuation ratio.
The benefits of Business Loans are...
- Assets other than the family home can be used to borrow against.
- All interest payments are fully tax deductible (refer to your tax accountant for specific information)
Some businesses requiring loans include...
- Child Care Centre's
- Licensed Grocery
- Hotels/Motels
- Newsagencies
- Restaurants / cafes
- Mixed Business
- Tattslotto Agencies
- Post Office Agencies
- Nursing and Special Accommodation Homes
- Manufacturing and Retail Business's
