Commercial Loans for medicos

Progress Claim Finance

 

Are you looking for funding for growth?

Progress Claim finance is for businesses who engage in contractual type arrangements with invoices billed on a progressive basis. Funding is advanced against the stage or progress claims. This extra working capital improves cash flow and helps fund growth

 

Types of suitable industries.

Note:- turnover needs to be minimum of $1m per year

  • Construction industry
  • Electrical contractors
  • Flooring contractors
  • Roofing contractors
  • IT developers
  • subcontractors working for principal contractors and operating under the Securities of Payment Act.

 

Type of funding available

Funding limits of up to S1m

Instant Funding of up to 70% against outstanding Progress Claims, billed under contract.

No real estate security needed.

 

There are two main criteria to qualify

1/ Business to business

2/ Work must have been completed.

Other factors looked at in determining risk include:-

Is turnover greater than $1m?

How long has the business been established?

How much, if any is owed to ATO?

 

How much does it cost?

1/ A percentage of each invoice issued.

2/ Interest on funds borrowed.

 

Want to know more, call us.

 

 

 

COMMERCIAL

Australiawide

Phone

1300 LOW DOC

1300 569 362

We specialise in both Low Doc and Full Doc commercial loans

Sydney Phone

High Yielding Commercial Properties

.

From 4.89%

for 3 year fixed full document commercial loans, with no ongoing fees.

Today’s commercial loan rates

Note: these rates are updated daily

For the best commercial loans

Australia wide

Call us
9am to 9pm

Monday to Friday AEST


Sydney Real Estate Agents

80% LVR

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