Frequently Asked Questions
Commercial finance brokers are qualified lending professionals who specialise in helping business owners secure the right funding for their needs.
Like your accountant, lawyer, or financial adviser, we’re specialists in our field. Our role is to analyse your situation, identify suitable options, and structure a solution that aligns with your commercial objectives.
As commercial brokers, we provide a level of personalised service you won’t typically receive by going directly to a lender or mortgage broker. We also have access to a wide network of banks and non-bank lenders, allowing us to compare products, policies, and pricing to find the finance solution that fits your business and personal needs best.
Brokers get paid a commission by the lender for bringing new business to them, with no cost to you. If a scenario requires a brokerage fee, we’ll discuss it transparently before proceeding.
Simple applications (like asset finance) are often fast. Commercial lending may take longer due to financial analysis, valuations and credit review.
We provide a tailored checklist, but commonly: tax returns, financial statements, identification and bank statements.
Yes — collaboration with your accountant strengthens your application and ensures your lending aligns with your broader financial strategy.
Absolutely not. First of all, there is very little difference between the commissions paid by the various lenders. There is also legislation in our industry called the National Consumer Credit Protection Act (or NCCP), that is designed to protect consumers and ensure ethical and professional standards in the finance industry. We tell you upfront what commission we will be getting from the lender. Our job, our only job, is to find a competitive loan for your needs and objectives.
Some brokers charge a fee for their service which they must disclose to you up-front before you engage their services. However, the costs of the loan are the same. These costs depend on the loan and lender you choose. If you want to save on loan costs, just tell us. We can locate loan products from the lenders with the lowest fees and charges.
There are specific factors that need to be considered when determining how much a customer can borrow, such as income, employment position, the deposit saved, current living expenses and any liabilities. Our borrowing calculator can give you a rough idea of how much you may be able to borrow. For a more accurate assessment, please give us a call and we can go into your options and discuss your circumstances in more detail.
A mortgage broker will recommend a product based on what you say is most important to you – for example, “pay my loan off quickly” or “guaranteed repayments” or “low cost”. We do however, live by the following; “if you want flexibility take a variable rate loan, if you want budget certainty, take a fixed rate loan, if you want both, then do a split loan.”
Sure thing! We are mobile brokers so we can come to you.
We are Connective Brokers and we have access to many lenders. This means we can source you a loan from different lenders to provide you with a variety of options that are suitable for you and your situation.
Mortgage brokers do not set rates. The Reserve Bank of Australia meet on the first Tuesday of every month to determine the official cash rate for the country. The lenders then use this information to set their own rates. Lenders also adjust their rates according to their costs and other economic considerations.
Lenders will only sell you their own products. Each bank (or lender) has a variety of loan products on offer – low doc, package loans, loans with re-draw facilities, plant and equipment loans, fixed rate loans, interest only, interested in advance, variable, introductory variable… and so on. The issue you face as a consumer is ‘which loan is right for me?’ And that is where your mortgage broker becomes an invaluable resource!
If you go direct to the bank, you will only be offered the loan options available through that one lender. As your mortgage broker, we do all the leg work to find the right loan for your needs. We are across many lenders and all of their loan products, and our sole purpose is to find a suitable loan to match your personal financial circumstances and goals.