WHAT IS A COMMERCIAL LOAN?
A commercial loan is a line of credit to help a business or individual purchase or refinance commercial properties, such as offices, factories, retail outlets, hotels, motels, child care facilities, or housing developments. Commercial loans are paid back over a shorter period than residential loans and generally have higher interest rates.
WHY DO I WANT COMMERCIAL LOAN?
Buying your own premises is a way to cut out expensive commercial property rentals and integrate the costs of the loan as a long term investment in your business.
WHO WOULD BENEFIT FROM A COMMERCIAL LOAN?
Any business that wants its own premises would benefit from a commercial loan.