Western Financial Group understands commercial loans can be difficult if you are unsure where to start looking.
Commercial Loans have many facets around both their funding and the levels of finance that you will receive, it all relies on how viable the lender considers your project to be. Other risks include your location, the state of your local economy and your property’s lease. Most banks and lenders place as much reliance on affordability as they do on your current security position.
With larger commercial financing to be used in real estate development or on a larger business venture, you’re able to lend cash flow through some lenders if you have a strong historical cash flow history or if your new business has a competent business plan and projection.
Typically The term of a commercial loan can vary from 1 yr to 20 yrs. It all depends on the specific lender credit policy and the loan structure you require.
Variable rates for commercial loans are typically higher then residential home loan rates. this depends on the risk that the lender consider is relevant to your loan application.
If you are wanting a Construction loan, Development Loan, Land Loan or Purchasing a business such as a Motel/Hotel or Child Care Centre Western Financial Group are here to help.
Ready to find out more?
Contact Western Financial Group today to ensure you get it right – the first time!