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Short of capital for your small business? A real estate loan can make it possible to tap into the value of your property and access capital for expansion, purchasing inventory, or operating costs. You have a house, commercial property, or land, and your equity may be used as collateral to secure a loan.
With a real estate loan, you will probably borrow up to 90% of the appraised value of your property, depending on your credit rating, location, and lender requirements. Borrowers use it when conventional loans aren't possible, especially when they have significant property equity but limited cash reserves.
The application process is usually:
Property Valuation: Your property will be appraised by the lender to its market value.
Equity Calculation: Your equity is the value of the property minus any outstanding mortgages or liens.
Credit Approval: Credit scores are significant, but property equity can override minor credit issues.
You can use your real estate loan for almost any business purpose buying equipment, hiring employees, financing renovation, or bridging seasonal cash flow gaps. Others use this type of loan to roll over outstanding debt into more manageable monthly installments.
But keep in mind that this is a secured loan. In the case of default, your lender can lawfully repossess and sell your property. That's why having a repayment plan in place and thoroughly understanding the risks before signing is necessary.
Don't know if a real estate loan is right for you? Consider an SBA loan, business line of credit, or unsecured term loan, which may not require collateral. Review interest rates, repayment terms, and fees carefully before making a decision.
Our lending network introduces you to responsible financial institutions that offer competitive commercial property loan products for small businesses. To grow, pay off debt, or invest in new projects, we can help you acquire the right funding.
Fast cash. Flexible terms. Responsible lenders.
Secure your future—apply for funding now.
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