Types Of Commercial Loans For Business - PowerPoint PPT Presentation

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Types Of Commercial Loans For Business

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These are the 5 listed business commercial loans. You can opt any of these according to your business need or requirement for both starting and expanding purposes. The loans have different eligibility criteria which you must fulfill to avail commercial loans for your business.  We also have mentioned the best known online lenders so that you would be easily able to communicate with your loan provider without stepping out of your home. – PowerPoint PPT presentation

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Date added: 14 October 2019
Slides: 6
Provided by: sanjana22
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Title: Types Of Commercial Loans For Business


1
Types of commercial business loans
  • Commercial business loans is always required or
    needed to start or expand any business. Not every
    business is able itself to be initiated or
    expanded so, here budget with funding or loan
    schemes is required to be implemented in order to
    take our business to desired or expected
    elevation. So, without taking long time lets
    start a journey of learning types of commercial
    loan for business.

2
Business Commercial Loan Types
  • SBA - Small Business Administration
  • SBA - Small Business Administration is known as
    the United States government agency which offers
    financial support to micro and small businesses.
    The loan does not provide direct commercial loans
    lending to business but guarantees the loan that
    other banks and financial firms provide.
  • SBA loan offers assurity for lenders that they
    will still get their money back even if the
    borrower defaults.

3
2. Short-term Loan
  • The short term loan has been introduced for short
    time tenure or one year. The best usage of
    obtaining short term loan is if you dont like or
    are not able to get credit from bank. This is
    considered one of the fastest commercial lending
    where online applications take less time to
    complete the process.

4
3. Commercial Real Estate Loan
  • Real estate refer to real or physical property
    which includes property, land, building and
    including air rights below and above the land.
  • Commercial real estate loan is business funding
    process where business owner are able to get
    capital for purchasing real estate, or for
    renovating commercial real estate. There are many
    of real estate loans are available in the market,
    and obtaining correct one will be your decision.

5
4. Business Line Of Credit
  • A business line of credit lets businesses
    borrowing money, repaying it and borrowing again
    up to the credit limit which is more similar to
    credit cards. It is one of the best backup
    sources or commercial loans to cover unexpected
    expenditures. One of the main advantages of a
    business line of credit is its flexibility by
    withdrawing or repaying whenever you want with
    interest on what you used. It works exactly as
    your credit cards process.
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