Commercial Loans

 A commercial loan can be acquired for a number of business related reasons:

• Purchase a building
  
  
• Purchase a business
  
  
• General working capital
  
  
• Assist with business growth/expansion
  
  
• Consolidation of outstanding creditors, loans

Generally speaking, banks preferred form of security for commercial loans is bricks and mortar (i.e. a mortgage over a property). As a rule of thumb, banks will lend 80% of the value of a residential property and 70% of a commercial property.

Finance is a very competitive industry and so 6-Point is observing an increasing number of new product initiatives. In this current market, banks are becoming more flexible. Contact your 6-Point consultant today to discuss your options.

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