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Requirements for Going Concerns



1.    Acceptable Purpose Requirements


Eligible Applications
Going Concern refers to the situation where a real property (freehold or leasehold) is used to operate a business and the value reflects the expected future earnings of this business. The Bank finances commercial lending facilities for various types of “going concern” businesses including:

  • Abattoirs
  • Boarding and guest houses
  • Caravan parks
  • Child care centers, kindergartens and preschool
  • Funeral parlors
  • Golf clubs
  • Hospitals
  • Hostels
  • Hotels (all types)
  • Liquor stores
  • Marinas
  • Mines and quarries
  • Motels
  • News agencies
  • Nursing homes
  • Petrol and service stations
  • Purpose built retail food outlets (e.g. KFC, McDonalds)
  • Reception centers
  • Resorts
  • Self storage facilities
  •  Serviced or managed apartment complexes
  • Supported residential service facilities
  • Taverns


For Franchises, please contact us for a list of the Bank's accredited franchise systems and maximum LVRs.


2.    Income / Capacity Requirements


Credit exposures will only be approved where a review of the latest available historical or projected performance data shows a capacity to meet commitments on a timely basis.



     

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