Commercial loans can be uses to
purchase equipment and other assets, or to cover operational expenses.
The loan can be secured by the goods that are purchased, or by other
assets within the company. The amount of the loan depends on the size of
the purchase, and the percentage of the assets that the lender will
finance as determined by their credit policy.
A commercial loan financing is usually for a short period of time, based on the creditworthiness of the business and the purpose of the loan.
Commercial mortgages are typically taken on by businesses instead of individual borrowers. A commercial mortgage uses a commercial building or other business real estate as collateral. The borrower may be a partnership, incorporated business, or limited company, so assessment of the creditworthiness of the business can be more complicated than is the case with residential mortgages.
For more information about creative solutions for commercial loans and mortgages, home loans, reverse mortgages and other mortgage products used to develop housing, businesses, industries, and cooperatives, call Taylor Mortgage Group LLC at 303-339-5950 or Janie Taylor direct at 303-884-9393!