The Types Of Business Loans For Property You Need To Know
Business loans for property are commonplace in the modern lending landscape, and in recent years it has become less challenging to receive one. There are several types of business loans for property that vary in complexity and use. By having a working understanding of each, you will be able to better understand your own needs and it may even spark a few new ideas.
The Main Types Of Business Loans For Property:
These are essentially a long-term business loan secured on the property you buy. Our partners can offer up to 85% of the value of the property.
Commercial Bridging Loans
These allow you to bridge the gap between buying a property and securing a commercial mortgage. It can be especially valuable if a time-limited offer crops up and you don’t have the time to secure a traditional mortgage first.
Remortgaging your existing property frees up cash in the short term, and in the long term you can even benefit from lower interest rates.
Simple Business Loans
It’s possible that you might want to upgrade your current property for any number of reasons. To do this, you may be able to take out a business loan from £2,000.
A Handful Of Business Property Loan Applications:
The reasons for which you may want a business loan for property vary widely, and some require specialist knowledge.
- Buying your own commercial premises, eg. offices, warehouses, hotels, retail space, restaurants
- To buy property on a Buy To Let or HMO basis
- Expanding your business into further areas
- And more!