Business loans for success
Realise goals with a Capital injection
Need Commercial Construction Loan Lenders?
If so, then you’ve come to the right place! Here at Fifo Capital Finance, we have everything you need to get started with your commercial building construction loan, from the finances to the friendly and experienced team who can walk you through every step of the process to ensure you get the most from the experience. We understand that these processes can be confusing, frustrating, and time consuming, which is why our team prides itself on being able to make it accessible and simple. Don’t just take our word for it though! Feel free to browse the testimonials on our website to find out why Fifo Capital is the number one choice for you!
Commercial Construction Loans To Help Cover Materials & Labour
If you’re unsure what exactly this term refers to, then it’s important you understand what it is and what it entails before you think about signing any contracts. Essentially, a commercial construction loan is a type of loan that you would use in order to finance a new construction project on a building that you will be using for commercial purposes. These funds can be used to purchase materials, cover labour or subbie costs, or, in some cases, conduct a renovation on an existing building.
However, not every type of commercial construction loan will be applicable to your circumstance, so you need to make sure you understand the different types available to you. These are:
- Acquisition and Development. This type of loan is very similar to the previous one mentioned, in that it too is designed for those who are looking to acquire and develop a piece of land, as the name suggests. However, this loan type can also be used for improvements on existing buildings if you are not looking at starting from scratch with your project.
- Mini-perm. This type of loan can also be known as an interim loan and is typically sought out by those looking to cover any labour or material costs during construction. It is important to note the time period of this loans, however, as they usually last for between 18 and 36 months, with the loan expected to be paid off in full if a takeout loan can be secured.
- Takeout loan. Also known as a permanent mortgage loan, a takeout loan is what will be put in place once the mini-perm loan’s time period has expired. Typically, a lender will request that you put one of these in place before they consider giving you the mini-perm loan at all.
Contact Fifo Capital Today and Recieve A Fast Commercial Construction Loan In As Little As 4 Hours
If you have any more questions about commercial construction loans and would like to speak to an experience member of the Fifo Capital team about what we can do for you, then give us a ring on 1300 852 556, or fill in the application form on our website if you are ready to get started straight away. Fifo Capital Finance also offers the following financial products:
- Commercial Financing Loans
- Working Capital Loans
- Supply Chain Financing
- Financier Loans
- Cash Flow Loans
- Invoice Discounting
- Commercial Bridging Loans
We look forward to hearing with you and assisting you with your new project! Read Less
Could accessing a short term business loan transform your business? Working capital, equipment purchases, creditors, wages or one-off unexpected expenses settled with our help – purpose fit lending designed for business. Find out more, get in touch below.
Fifo Capital Loan
Fifo Capital Loan Features
- Loan amounts from $5,000
- Terms between three and twelve months
- Agreed repayments to suit your cash flow
- Secured by invoices, stock, equipment or other
- 72-hour turnaround on completed application
Why Fifo Capital for Business Success?
Smart products and fast turnaround is only half the picture. To get the best outcome, work with the experts who specialise in 360 thinking for business finance needs.
Fifo Capital facilities can be non-recourse product and typically we require little or no security from you or your business*.
One on One Support
For the best results, relationships count. No call centres or multiple points of contact. Just one person who understands your business.
4 to 72 Hour Turnaround
Regular customers call and receive the required finance in as little as 4 hours. For new clients, we design a solution in 72 hours or less.
Partnering Your Bank
We work hand in hand with your banking relationship – for those times when traditional finance isn’t geared to meet your needs.