What is Commercial Lending?
Any property that is zoned commercial would need a commercial lender to finance the purchase or refinance the equity to inject into your company or for expansion. Canquest Mortgage can assist in arranging financing for your business needs in Industrial, Commercial and Investment mortgages. We will meet with you to discuss what documentation is required for your commercial deal to be referred and recommended through conventional or institutional lenders. Funds Arranged for all types of Commercial Properties including: • Income Properties • Refinancing Apartment Buildings • Refinancing of Industrial and Retail Plazas • Refinancing Office Buildings and Stores • Refinancing of Warehouses • Retirement Homes • Nursing Homes and Stores • And more! What do you Need to Provide Canquest before we can Obtain a Lender? The company has to prove the strength of the business and the individuals who own the business. We will require you to fill out a financial statement on each owner of the company an
“Commercial lending is what most people think of when they think about bank lending,” says Patrick McNally, BK partner in charge, Operations Management Consulting. “It may take the form of a note with a defined payment, interest rate and duration, as opposed to a line of credit.” The four commercial bankers Corporate Finance Edge interviewed offered their basic definitions of term lending. “Commercial lending is loaning money to an entity other than an individual—for example, a business, partnership, or LLC—that has a business use for the funds,” says Tom Chester, vice president and relationship manager, Fifth Third Bank. “Commercial lending is wholesale banking—corporate lending to corporations,” explains Curtis Reed, Jr., vice president, corporate banking, National City Bank of Michigan/Illinois. “Two basic forms of commercial lending are revolving lines of credit used primarily to support working capital needs—interest-only loans that have a specified time, and term loans, which are
Commercial lending is the process of loaning money to established entities, such as a business, partnership, or limited liability corporation. In some cases, commercial lending will take the form of a revolving line of credit that the business can utilize to handle operational costs and other types of working capital needs. At other times, commercial lending will involve the extension of bank loans with a fixed or variable rate of interest and a set of terms, including a duration. The process for commercial lending takes a slightly different approach than loan arrangements that focus on the securing of collateral. When institutions that offer commercial loans, the focus is often on the cash flow of the company first, and the assets that could be used as collateral second. This is helpful for a company that is able to demonstrate a consistent flow of cash over an extended period of time, but has little in the way of physical assets such as property. If the lender evaluates the cash flow
