We love cars. It’s fair to say that they are a passion of ours, and certainly more than just transport. As such, we love to help people to achieve their car aspirations, even if it’s just for work. We have access to lenders who provide not only competitive lending options, but also allow you to take advantage of their bulk buying power so you can save on the Vehicle cost too.

Many people know that car dealers don’t necessarily have your best interests at heart when it comes to financing your vehicle. Our motto is to help you to be prepared and avoid the Dealership loan tricks, by walking into the dealership finance ready.

It pays to have your finance arranged in advance and it may also give you better negotiating power. Know the car’s value – Think of sticker price vs cash price vs finance price. Never take the car before the finance process is complete, as you may end up getting stuck with a poor higher cost loan if it falls through.

Some deals sound great when you hear the headline, but when you find out the rest of the details, the offer is less exciting. You want to avoid Low rate offers with hidden high fees and additional costs. Find out about more than just the rate, read the contract.

0% car finance usually means you’re paying a higher price on the car or have no negotiations on the asking price, or there’s a large balloon payment at the end of the term. Potentially it may be that the 0% interest rate is for a set ‘promotional’ period only, before reverting to a high interest rate. Check the details.

Structuring your loan to include a balloon payment can be an attractive option as it will lower your ongoing repayments. However, remember that the balloon payment at the end will increase your interest costs. Try to minimise the balloon.

At Clever Lending we will help you access competitive car loans and finance options, and also provide the opportunity to take advantage of bulk buying power. We’ll help you to avoid the dealership traps. Want to know more about Car Loans? Make it easy – Book an Obligation Free Lending Consultation Today.

Running your own business, being a sole trader, or freelance isn’t easy. There are constant demands on a finite amount of cash and resources, along with timing clashes between work and pay, outgoings and income. Opportunity doesn’t always knock when the bank account is looking healthy. That’s where we can help.

We have access to a range of lending options to support businesses. We can help with a quick cash flow boost, the acquisition of assets for your business, finance for new premises, or lending as you grow and expand your operations or take over other businesses.

The key to business lending is having the right documentation and finding the right products for your specific circumstances. Proving your servicing capacity and income can be more challenging, especially when your accountant has done a great job of minimising your income for tax purposes.

The options available to you will vary based on many factors including how long you’ve been in business. Lenders like certainty, so they prefer to receive at least 2 years of your business’ performance information to gain an understanding of any seasonal factors that may impact your income stream. That said, we have options available even for newly registered ABNs.

Lenders usually want to review your ABN registration history, financial statements, current GST and Tax status, existing liabilities and your credit history. By providing financial statements and maintaining accurate and organised records it helps to demonstrate your business’s stability, growth and profitability. Maintaining a good personal credit history and separating your personal finances from your business finances also demonstrates to lenders that you are organised and reliable.

If you’ve been in business for under 2 years or you can’t supply conventional proof of income there are still solutions available to you. There are many lenders that will consider alternative income verification options. These include Accountant declaration letters, recently lodged BASs, and current bank transaction statements.

At Clever Lending we’ll help you to determine the right option for your circumstances. We ask the questions that matter so we can understand you and your business. We have access to lenders who do their best to understand the nature of the transaction to assess it on its merits. We’ll help you find the right options to support your business needs.

Want to know more about business loans? Make it easy – Book an Obligation Free Lending Consultation Today.

Asset finance is a broad term that describes business loans or lease products used to finance business assets. It makes it easier to buy, use and benefit from business-critical assets like vehicles, plant, and machinery. Instead of paying one large upfront amount, you spread the cost over time with smaller regular payments. This allows you to use the items as you pay for them, and it takes pressure off your cashflow.

Alternatively, asset-based lending allows you to use the high-value items your business already owns as collateral for loans to help you grow your business. It lets you utilise the cash value of an asset as security for the finance agreement. This type of lending can be secured by accounts receivable, inventory, machinery, buildings and warehouses.

Depending on the sort of asset finance you use, the finance provider will generally buy the equipment on your behalf. This means that the finance provider technically owns the equipment. Your business would then rent or hire the equipment from the finance provider. At the end of the term, the asset will either return to the finance provider or ownership may transfer to you. The agreement will also determine who holds responsibility for maintenance of the asset, repairs, insurance, etc.

A key risk of asset finance is that default could result in the loss of the asset, which may have significant impact where the asset is a business-critical asset. A default will also damage your credit score impacting future lending options and may result in legal action from the lender. It’s important to get it right.

At Clever Lending we have access to numerous Asset finance providers. We understand that not every provider will fund all asset types, they have their specialties, so, we have a variety of lender options available to help provide a wider range. We’ll do the work for you to find the providers best suited to your funding needs.

Want to know more about asset finance? Make it easy – Book an Obligation Free Lending Consultation Today. 

Commercial property loans are used to finance the purchase or improvement of property for business purposes. There is a lot of variety of commercial premises from Office space, Retail space, Warehouses, Factories, Land zoned for business use, residential unit or apartment developments, through to specialist business premises like restaurants or car parks.

There is also a wide variety of finance options available to purchase a commercial property, and the option best suited to your needs will depend on your purpose. An investor will usually have different requirements than a business owner who is buying the asset for use in running their own business.

For investors, it’s worth noting that GST is payable on your investment. You need to factor this into your buying budget. Commercial property loans often require a higher initial deposit too. On the plus side, commercial leases tend to be long term and the lessee usually pays for many of the costs associated with owning the building, like repairs and maintenance.

On the downside, commercial property is generally regarded as a higher risk investment than residential property. The returns of commercial property often rely on the movements of the local economy and the overall level of business activity. While rental returns can be strong, commercial properties can also experience longer vacancy periods. They can be hard to sell too, as the pool of buyers is typically smaller than the residential property market, and the more specialised the property, the smaller the market will be.

As a business owner, buying your commercial property gives you security of tenure. It helps your customers to associate your business with a particular patch of turf. As you build equity in the property, you can also use it to secure loans for other business purposes and the growth of your business.

Where you buy is just as important to consider as the property itself. Location plays a big role in determining business foot traffic, accessibility, and visibility, and may affect your rental yield. Commercial property values are often influenced by rental returns. So, a property that’s attractive to a variety of potential tenants could be a gamechanger.

The amount you can borrow for a commercial property loan will depend on three main factors – the purpose of the loan, the value of the commercial property, and the deposit or other assets that you can provide as security. In general, the higher the risk associated with the commercial property loan security, the more deposit you’ll need to provide.

At Clever Lending we know that interest rates and other important terms and conditions for commercial property loans are often negotiable. It all depends on your financial circumstances and the key factors of the property. We’ll take the time to understand your business needs and do the work for you to find the providers best suited to your circumstances.

Want to know more about commercial property loans? Make it easy – Book an Obligation Free Lending Consultation Today.

Development loans are used to develop property assets, including new construction, excavation work, and associated infrastructure costs such as stormwater, sewers and roads. It may also involve financing to divide and sell land in separate packages or as a house and land package. It can also be used to fund the holding costs of the property until its sold.

One of the first considerations when looking at development funding is whether you need a commercial or residential loan. A residential loan is typically easier to get with a more simplified application process. The main deciding factor is the number of properties you intend to build. Typically, a residential development loan is used for projects with four dwellings or less. This could include an individual apartment, duplexes, triplexes, multiple townhouses, or three or four small villas. Larger projects will require a commercial development loan.

Commercial projects often involve property developments in office buildings and commercial districts. In addition, commercial projects can also include medical centres, day care centres, nursing homes, hotels, motels, boarding houses, and more.

Financial institutions take a more conservative approach to commercial lending, impacting the level of documentation you’ll need to get your commercial development funding. There is also a different fee structure for commercial lending, and it will typically have a higher interest rate associated, especially when you take on larger-scale developmental projects.

For large multi-unit developments, private funders are a great option. They are often easier to deal with than the major banks and typically require a lower debt coverage volume of pre-sales than what is required by the big banks.

Finance for property developers has several different features to a normal home loan, including interest capitalisation and staged payments. Interest capitalisation allows the borrower to have the interest added to their total loan amount with no payments made until completion. Not paying the interest monthly assists the projects cashflow as the priority is getting the project complete within the time frame.

Aside from the usual requirements for lending, the funders will also assess the application on the basis of an ‘as if complete’ valuation – their projected future value of the finished property, rather than its current value. They will also need to sight the building contract and ensure it is to standard. In addition, they will want to sight any pre-sale receipts and ensure the contracts have valid sunset dates that don’t go beyond the build term.

At Clever Lending we have access to both Private Lenders and Commercial Lending institutions. We’ll ask the questions that matter so we can understand your project’s scale and scope and find the right lending solutions to get it off the ground.

Want to know more about land development loans? Make it easy – Book an Obligation Free Lending Consultation Today.

A personal loan lets you borrow money to pay for something significant. It may be something special like a holiday, wedding, car, boat, bike or home renovations. It could be used to fund your education, for personal investments, to consolidate debts or cover emergency family expenses. No matter what the intended use of the funds is, you will have to repay it with interest over a fixed term, usually between one and seven years.

Getting the best deal on a personal loan can save you thousands in interest and fees. There are options available with either Fixed or Variable interest rates. A loan with a variable interest rate usually has no early exit fee, so this might be better if you’re planning to pay the loan back early.

Personal loans may be secured or unsecured. With a secured loan you provide an asset, such as your car or the asset you are buying, as security for the loan. If you don’t pay the loan back on time, the lender can repossess your asset and sell it.

With an unsecured loan, you don’t have to provide an asset as security. For these loans the interest rate will usually be higher, and you may need a loan guarantor. If you fail to pay back the loan, the lender can still take you to court to get back the money you borrowed.

At Clever Lending we can help you to review your lending options and determine the right lending structure. We can secure competitive personal lending for you in a timely manner, so you can secure the items you’re looking for.

Want to know more about personal loans? Make it easy – Book an Obligation Free Lending Consultation Today.

Paying off more than one debt at a time can be challenging and complicated. Debt consolidation can reduce the stress of multiple debts and interest rates by bringing all your existing debts together into one loan. This offers you greater control of your financial situation.

You would effectively be taking out a new personal loan and using the funds to pay off your other existing debts. This simplifies your financial situation as you then pay back this new loan with a single set of repayments over a set term. With just one set of recurring repayments, you will know exactly when and how much your repayments will be.

If the interest rate on the personal loan is lower than your existing debts, this can also help you get ahead in reducing your overall debt. That said, it may cost you more over time, if the interest rate, fees or loan term are more than before. You may also get deeper into debt if you choose to get more credit, as it may tempt you to spend more.

At Clever Lending we can help you to assess your debt and simplify your repayments to save. We’ll ensure you understand the pros and cons of debt consolidation to make an informed lending decision.

Want to know more about debt consolidation? Make it easy – Book an Obligation Free Lending Consultation Today. If you are at risk of default on your existing mortgage, before you miss a payment, we suggest that you talk to your lender about their financial assistance solutions, or financial hardship support services.