Another alternative to get a startup financing is the commercial loan. There are a lot of Commercial loans available. The following are the types of Commercial loan with its brief description:
-Acquisition loans – this will help you acquire a property
- Acquisition and Development loans -it includes buying and developing the property
- Asset-based Loan – there is a collateral involve for this type of loan
-Construction Loan – borrowing a certain percentage of setup cost to build a commercial building
-Development Loans – use to build or improve a structure
-Construction Improvement and Rehab Loan - use to buy and restore a fixer-upper business property.
- Refinancing Loan – to refinance existing loan to lower the interest
Small businesses are the frames of the national economy. Everybody would like to see them growing. Therefore, they must be provided with good and enough options for financing the start up.
-Acquisition loans – this will help you acquire a property
- Acquisition and Development loans -it includes buying and developing the property
- Asset-based Loan – there is a collateral involve for this type of loan
-Construction Loan – borrowing a certain percentage of setup cost to build a commercial building
-Development Loans – use to build or improve a structure
-Construction Improvement and Rehab Loan - use to buy and restore a fixer-upper business property.
- Refinancing Loan – to refinance existing loan to lower the interest
Small businesses are the frames of the national economy. Everybody would like to see them growing. Therefore, they must be provided with good and enough options for financing the start up.
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