commercial loans in melbourne
TRANSCRIPT
Commercial Loans in Melbourne
Commercial loans are bank loans that are granted to different
types of business entities. In some cases, the loan is extended to
aid a company with short-term funding for basic working
functions, such as meeting payroll or purchasing supplies that are
used in the production of the goods manufactured and sold by the
company. At other times, it may be used to buy new machinery
that is directly connected to the operation of the business.
Commercial Loans are a debt-based funding arrangement that a
business can set up with a financial institution. The proceeds of
commercial loans may used to fund large capital expenditures
and operations that a business may otherwise be unable to afford.
Commercial loans are usually
for a short-term secured or
unsecured, and are often
advanced for financing
equipment or inventory. Banks
usually require the commercial
borrowers to submit monthly and annual financial statements,
and to maintain insurance cover on the financed item.
Services
Equipment finance
Vehicle finance
Debtor finance
Equipment rental or leasing
Working capital
Types of Commercial Loans include:
Real Estate Purchase Loan
Hard Money Loan
Bridge Loan
Joint Venture Loan
One of the advantages to this type of loan is that many banks offer
them at very competitive interest rates. Often, the rates will be
lower than for other loans, especially assets that the borrower will
have a smaller amount to repay the lender. As with all financial
arrangements, local and national laws regarding the banking
industry will dictate the structure and conditions associated with
a commercial loan.
For more details, please visit:
http://www.capitalaccess.net.au/