Gold Coast
Level 4 Cnr Clifford & Appel Streets
PO Box 636
Surfers Paradise Qld 4217.
Phone – 07 5579 1600
Fax – 07 5579 1601
Darwin
Level 1, 84 Smith Street
GPO Box 3015
Darwin NT 0801
Phone - 08 8981 8009
Sydney
Level 2, 210 George Street
Sydney NSW 2000
Phone – 02 9258 4000
Fax – 02 9258 4050
Mildura
Cnr Lime Ave & Tenth Street
PO Box 10069
Mildura Vic 3502
Phone - 03 5023 3044
Fax - 03 5023 3144
Wollongong
Level 1, 17 Flinders Street
Wollongong NSW 2500
PO Box 78
Woonona NSW 2517
Phone – 02 4225 3833
Fax – 02 4225 3844
Business Finance
Business Loans
Sirius Financial Services (SFS) can arrange commercial loans for any worthwhile purpose - be it for the purchase of a new business, expansion of an existing one, or refinancing an existing loan. We have developed strong contacts within the major banks and can usually find an industry specialist who knows the intricacies involved in your business.
SFS understands that most businesses, no matter how well developed they are, are time poor. Our access to a wide range of business finance lenders means you can literally get an assessment on your business and an idea of who would fund your particular situation in a single, well informed meeting - at no cost.
Specialised Industry Packages
Most commercial loans require real estate security. However, financiers have developed specialist industry packages where the only security is the business itself, and the loan is specifically tailored to address the unique needs of that industry.
We have specialised industry packages for the following industry sectors:
- Hospitality including Accommodation, Bars, Pubs & Taverns, Clubs, Caravan Parks
- Business & Professional Services including Accountants, Financial Planners, Lawyers
- Healthcare including Aged Care, Child Care, Dental, Medical, Pharmacy, Retirement Villages
- Retailing including Newsagents, Independent Grocers and established franchises.
Debtor/Cashflow Finance
Sometimes referred to as "Cash Flow Finance" or "Debtor Discounting" is working capital finance raised against accounts receivable – or your unpaid invoices (debtors).
The most obvious benefits of debtor finance flow from the fact that the business receives about 80% of its debtor payments within 24 - 48 hours instead of the normal 45-60 days. (The remaining 20% becomes payable after the debtor has paid the invoices financed.) This accelerated cash flow can be invaluable to a business undergoing rapid growth, restructuring, or having outgrown their traditional banking facilities.
There are two main variants on this type of finance: "factoring" and "invoice discounting":
Under a "factoring" arrangement the financier assumes responsibility for debtor collections and accounting.
Under "Invoice Discounting" these responsibilities are retained by the client - the key benefit being that the arrangement remains confidential or "undisclosed".
Tax treatment may vary according to circumstance. Please consult your accountant or tax agent.
Inventory/Stock Finance
Inventory finance provides businesses with finance for the acquisition of stock for manufacturing or resale to their customers. To qualify clients need to be profitable, well-established, have current financials and annual sales of $3 million or more. Inventory finance is suited to manufactures, wholesalers and retailers who purchase stock from Australian or overseas suppliers. Finance is available for most new stock, ranging from raw materials and work in progress to finished goods. What makes inventory finance unique is that the stock to be financed does not have to be pre-sold, invoiced and delivered. Additionally, clients are not required to provide real estate security.
Inventory Finance offers clients:
A revolving line of credit with facility limits ranging from $400,000.00 to $3 million
- Individual draw downs from $100,000 and from 30 to 120 days
- Funding is inclusive of freight, customs and import duties and custom agent fees, where suitably invoiced
- Additional term extensions are available to match the repayment to the client's needs on slower moving stock
- The ability to finance all types of stock, ranging from raw materials to finished goods
- No repayments until the conclusion of the nominated term.
Low Doc/No Doc Loans
If you have difficulty showing documentation to demonstrate your income, or you have limited business financials, a low document or no document loan might be a solution for you. Many self employed business operators have difficulty substantiating income or producing full records of their income. Interest rate can be around the standard variable interest rate depending on the loan-to-value ratio, and in some instances these rates will step down after a period of on-time repayments.
With appropriate security, you can now get loans:
- From $50,000 to more than $2,000,000
- Up to 95% of the approved value of the residential security property
- If you are a business of less than 12 months
- To apply funds for business expansion and investment
- With or without LMI (Lender's Mortgage Insurance)
Typically, you will be required to complete a simple income declaration form to accompany the loan application. No tax returns or financial reports are usually required.
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