Business Loans Up To 18 months
The mainstream lenders and high street banks are all currently reviewing their lending criteria and many of them are not renewing their client’s existing term loans. This effectively means that the banks are calling in their client’s commercial loans even where the security is more than adequate. This is leaving their existing borrowers with an obligation to repay their loans but with added problem of not being able to immediately obtain finance on these properties from another bank. In most cases, especially where the properties are tenanted, it is possible to obtain re-finance from another bank but this process can take up to another six months. However, in some cases the properties are not of interest to the mainstream banks and the only feasible options are to sell the properties or obtain a short to medium term business loan.
Commercial Loans Ltd is able to offer FLEXIBLE BUSINESS LOANS UP TO 18 MONTHS AT COMPETITIVE RATES FROM 0.95% PER MONTH.
Commercial Loans Ltd can provide rapid re-finance of your commercial properties at rates commencing from 1.25% per month or if you have unencumbered commercial property on which you wish to raise funds, we are able to offer the same interest rate. We can lend on all types of commercial property – offices, warehouses, farms, shops and commercial land for development purposes. The funding which we provide on your commercial property can be used for a variety of purposes:
- Repayment of your existing bank facilities before they are withdrawn
- Cash flow purposes
- Purchase of other investment / commercial properties
- Refurbishment of existing commercial property
You can borrow these funds from us for a period of up to 18 months, which gives you plenty of time to either re-finance with another bank or sell the property at achievable price.
Commercial Loans Ltd can also provide similar finance on your residential investment properties, for example buy-to-lets, auction purchases and residential development projects. Our rates on residential properties start at 0.95% per month and again we can lend up to 18 months. Our funds can then be used for an almost unlimited variety of purposes:
- Redemption of your existing bank loans
- Expansion of your property portfolio
- Refurbishment of existing / new properties
- Injection of cash flow in to your business
- Personal expenditure e.g. new car, weddings etc.
- Tax bills – business or personal
Again funds can be borrowed for up to 18 months, giving you the flexibility to re-finance or sell within your own time parameters.
CALL US ON 0141 332 8884 TO DISCUSS YOUR LOAN REQUIREMENTS WITH OUR UNDERWRITING TEAM or