Commercial Loans are not one size fits all, therefore there are many ways to structure the loan terms so the interest cost is dependent on your project requirements. It is also wise to keep in mind that the interest rate should not always be the main factor when considering loan terms.
There are many other elements to the finance terms that may be of more benefit to you than just the lowest interest rate. Please call us to talk through your finance needs and we can indicate an interest range.
Omega charges between 1-2% of the amount of finance required. This is payable by the borrower as a success fee, typically incorporated into the loan amount and paid at drawdown of funds. We work for you, and no one else! We are not paid by any lenders. We are only motivated by getting you a successful loan offer on favourable terms acceptable to you.
This is entirely dependent on the simplicity or complexity of the funding requirement and the work needed to successfully get a loan approved.
We will clearly set out to you the information we require. However the information for each deal may be different.
In most cases, yes, Omega will action this at the appropriate time.