Use of Commercial Loan
This type of loan is often used for:
- Office Building
- Gas Station
- Shopping mall
- Apartment Development and Purchase
Why Commercial Loan
These loans are for companies or enterprises. These applicants can be a joint ventures, a limited company or an organization.
Because of the complexity in business, the process are more complex than other loans.
The lender would ask for more information. Also due to the higher risks of a business loan, the interest rates are also much higher.
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