COMMERCIAL LOANS

Commercial loans are financial instruments that businesses use to fund various operational needs, expansion projects, or capital expenditures.

These loans are distinct from consumer loans and are tailored to meet the specific requirements of businesses.

Commercial loans can be used for various purposes, including:


  • Working Capital: Covering day-to-day operational expenses.
  • Equipment Financing: Acquiring machinery or technology.
  • Real Estate Financing: Purchasing or refinancing commercial properties.
  • Expansion or Renovation: Funding projects to grow or enhance facilities.
  • Inventory Financing: Managing and restocking inventory.

Types of Commercial Loans:

  • Term Loans: Provide a lump sum that is repaid over a set period with a fixed or variable interest rate.
  • Lines of Credit: Businesses can draw funds as needed, like a credit card, up to a predetermined limit.
  • Commercial Mortgages: Used for purchasing, refinancing, or developing commercial real estate.
  • Equipment Financing: Specifically for purchasing business equipment.

Interest Rates:

  • Interest rates for commercial loans can be fixed or variable. Fixed rates remain constant, providing predictability, while variable rates may change based on market conditions.
Applying for a commercial loan.

Working with a mortgage adviser for a commercial loan can provide lending solutions to assist businesses access funds they need for opportunity, growth, and cash flow support. We also can help with your funding needs for the purchase of a new commercial property or new asset to enable your business to continue to grow. Let us support you through your business finance needs and goals.

APPLY FOR A COMMERCIAL LOAN

NZ Mortgage Advice is a proud partner of Prospa, business loan specialists. Have a read of our newsletter to learn more about business loans and how NZ Mortgage Advice & Prospa may be able to assist with your lending.

PROSPA: SUPPORTING NZ BUSINESSES
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