Aumkar Finance offers a tailor-made commercial loan in Melbourne. Be it for purchasing a business property (commercial real estate loan), for supporting your cash flow or even for purchasing necessary tools and equipment that keep your business run smoothly, we have a perfect solution. Emerging as one of the industry-leading commercial loan providers in Melbourne, we help all types of organizations with their business borrowing needs.
Secured commercial loans are typically for greater amounts for longer terms and use some fixed worthy asset or collateral as a security deposit against the loan taken by the borrower. These fixed assets might include the business itself or any equipment or property that the borrower owns outright.
An unsecured commercial loan is typically for a shorter period of time, usually three months to a year. As it is unsecured, it does not require the borrower to offer collateral. Instead, the loan approval is depended upon the borrower’s credit rating. Due to the higher level of risk involved with an unsecured commercial loan, it will typically come with a significantly higher interest rate.
Whether you’re seeking for a long-term secured loan to purchase machinery for your business or you want a short-term unsecured revolving loan to support cash flow, get in touch with Aumkar Finance discuss your commercial loan requirements.