Tag Archives: commercial
Commercial Business Loan
A Commercial business is the best option to finance all our business needs. With the help of a commercial business loan you can purchase a new business, refinance a business, expand your current business or use it for any other business activity. Now a days commercial business loan can also be obtained by individuals to start on a new business or for business establishment.
A small commercial business can help you to lease your property for business purpose. It can also help you to buy machinery and other equipments related to business project.
How a commercial business loan works?
Every loan may be structured differently but two most important aspects to consider for any loan are the interest rate and the repayment schedule for the loan. You can set your interest rate into fixed rate or variable interest rate.
· Fixed Interest Rate: In case you opt for a fixed interest rate on your commercial loan you will have to pay a fixed percentage of interest rate for a predetermined period which may or may not be equal to the length of your loan. The negative aspect of this type of interest rate is that you will not benefit from the decline of the market rate.
· Variable Interest Rate: If you opt for a variable interest rate the interest rate applied on the loan will fluctuate in line with changes to the Bank base rate or LIBOR. The negative aspect of this type of interest rate is that you are not protected from an increase in the market rate and the interest rate you pay will increase with the market rate.
Its very important that you select a loan resource that can assure you
· Business loans with lower interest rate · Easy monthly repayment schedule · Less paper work including no financial documentation program · Save thousands of dollars on closing cost · Dedicated and pre-approved lenders with knowledge and decision making ability
Tips that can help you help you select a right business loan lender
Commercial lenders are fussy. So just relax even if your loan gets down, simply go to the next four cheapest commercial loan lenders on the list and apply with a simple mouse click. There are lots of A paper lenders, B paper lenders and easy C paper lenders. Make sure that you are dealing with dedicated and pre-approved lenders with knowledge and decision making ability.
So what are you waiting for select a reliable loan resource and get started.
Commercial Bridge Loans
What are commercial bridge loans?
Many a times a company is approved for a loan through its bank, or financial institution, but the loan doesnt close for four to six months. During this time the company can take the help of a short-term commercial bridge loans, which can be repaid when the senior loan closes. Commercial Bridge loans can help the company to meet their financial needs and remain stable.
Are you in a process of finding capital for your new business or looking for your business expansion? By now, you must have found that arranging finance for a company can be time consuming, stressful and equally frustrating. However a little bit of planning and preparation before hand will save you lots of disappointment and aggravation. Like any partnership, business which is what obtaining commercial bridge loans are, the partners want to guarantee you have researched your opinions and know what exactly you require before coming to them for commercial business loans.
There are number of ways to generate a cash flow for your business. Hence remember that not all may be right for you. Suppose you business is starting point or small you may not be eligible for a commercial bridge loan.
You can avail a commercial bridge loan for any purpose. This includes the capital for commercial property or equipment, restructuring debt or for working capital. The terms for this type of commercial bridge loan are that the loan is for 12 months or less and that there is a proposed exit strategy.
The following list can help you identify the types of information the banker will want from your end when you apply for a commercial loan.
· Three years income tax and financial statements · Year to date profit and balance sheep statement · Your Performa for the next 12 months · Length of the loan · Federal and state tax information · Personal finance statements · Your collateral sheet · Well-written business plan
Obtaining a commercial bridge loan can be a bit difficult especially when you are unaware of the correct entities that provide such funding. Today one can find numerous lenders and private investors who assist businesses with a Commercial bridge loan. You can avail funds anywhere around $1,00,000 to $10,00,000. Its all about selecting the right loan resource to meet your loan needs.
Tips that can help you help you select a right business loan lender
Commercial lenders are fussy. So just relax even if your loan gets down, simply go to the next four cheapest commercial loan lenders on the list and apply with a simple mouse click. There are lots of A paper lenders; B paper lenders and easy C paper lenders. Make sure that you are dealing with dedicated and pre-approved lenders with knowledge and decision making ability.