Types of Commercial Property Finance loans

Business loans, more popularly known as commercial loans, are types of mortgages perfect to maintain the short-term projects like as community projects, payrolls, and purchasing machineries. Compared to loans approved by lending companies these loans are much easier to repay because the interest rates are relatively lower.

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Secured Loans: A car loan and mortgage are the most common types of secured loan. A secured loan is type of loan which generally has a lower interest rate because the bank has less risk since it can easily collect the collateral if you default on payments. It is connected to a piece of collateral - something valuable like a car or a home.

Unsecured Loans: An unsecured loan have a higher risk to the lender as it is not protected by any collateral, which means if you default on the loan, the lender can't automatically take your property. The most common types of unsecured loan are credit cards, student loans, and personal loans.

Start-up Loans: This type of loan is approved to starting businesses. Prior to the sanction, the lender may inquire the borrower to present proofs that the debt can be repaid through credentials detailing all the monetary source of income of the company.

Business-only Loans: This type of loan uses a individual credit to be appropriate for a economic assistance for the business entity. The personal credit will be used to repay the amount until the business is capable of doing the payment.

At GCC, we use a unique, state-of-the-art artificial intelligence (AI) driven scenario pricing engine, which helps identify and select the optimum finance product for any borrower’s requirements – faster, smarter and more effectively than ever before. We offers unparalleled, direct access to commercial Property Finance loans that match any client’s specific needs – even in difficult or confusing financial periods.

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  1. AIB FUNDING.February 17, 2020 at 12:46 PM

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