Commercial Loan
Commercial loans include business purchase loans, business operation loans and commercial real estate loans. The lender of the commercial real estate loan can be a business operator who buys commercial real estate for investment or business self-use. It can also be invested by working people. Commercial real estate loans have a lot in common with home loans, but the ratio of loans, interest rates, and required income are different.
Commercial property loan
The same as housing loans, the same issues involving real estate, including borrower credit, mortgage, loan documents, loan evaluation, loan contract signing, loan management. However, commercial property involves business operations, making commercial loans more complex and requiring more professional assistance. The properties offered as collateral can be factories/warehouses, retail stores, commercial offices and complete units (including 4 units or more), kindergartens. Once the lender is interested in the loan package, it can submit a formal application.
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Advantages of commercial loans
Reasonable tax avoidance: commercial loans reasonable tax avoidance is a very effective way. Because all your interest payments on a business loan can be included in your business expenses, depreciation of a property or vehicle purchased by a business, for example, can be tax deductible. Risk sharing: The bank is willing to lend you money to start or expand your business, in a way that the bank shares the risk of your business with you. Unlike mortgages, each case of commercial loans will be different, so the specific situation of each person is not the same, Essence suggests that you should be able to make a detailed loan plan for you with the regular credit company when borrowing money from the bank.
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Commercial loan application conditions
In general, PR, business visa holders and some TR people are eligible. For specific details, please contact the professional loan broker of Essence Finance, and we will provide detailed answers for you.