A ... mortgage or ... ... is a business loan which is secured against a ... ... ... ... are often used to buy business ... such as offices, shops,
A commercial mortgage or commercial remortgage is a business loan which is secured against a commercial property. Commercial mortgages are often used to buy business premises, such as offices, shops, restaurants, or pubs. But they can also be used to buy other business assets such as plant or machinery.As well as being a useful way of financing the purchase of business premises for a new business, commercial mortgages can also be an excellent way of funding the expansion of an existing business.A commercial mortgage can also be used to fund investment in land or property which will be used for commercial purposes.A commercial mortgage can be used to buy most types of commercial buildings, such as shops and offices, for both new and existing businesses. The interest rates on commercial mortgages tend to be lower than the interest rates on unsecured business loans and the repayment terms are usually longer. This makes them useful for all sorts of business financing requirements.What About a Remortgage?If you already have a commercial mortgage on your company's business premises, you might find you could benefit from remortgaging. A commercial remortgage allows you to unlock some of the equity that is currently tied up in your commercial property. It could also be a chance to switch to a more competitive, cheaper mortgage, especially if your or your company's credit rating and business history have improved since you took out your original commercial mortgage. The money you free up through a commercial remortgage can be used for all sorts of things for your business. For example, you could purchase additional stock, or invest in new machinery or other fixed assets such as vehicles. Another use for the extra money can be to pay off outstanding bills, or clear other borrowings such as the company's overdraft. Here are some typical uses for a commercial mortgage or remortgage: - Borrowing money to buy a shop - Raising finance to purchase an office building - Buying a pub - Financing the purchase of a restaurant - Buying a hotel - Buying a house to convert to a Bed & Breakfast (B&B) - Raising finance to buy an existing business - Clearing a business overdraft - Improving business cashflow - Buying new plant or machinery - Financing the purchase of company vans and other vehicles - Borrowing money to buy extra stock for your business - Funding the expansion or refurbishment of your offices - Borrowing money to pay for training - Buying land for business purposes Further information on commercial mortgages and business loans can be found at the Online Commercial Mortgages website.----Copyright 2004 David Miles. You are welcome to reproduce this article on your website, so long as it is published "as is" (unedited) and with the author's bio paragraph (resource box) and copyright information included. In addition, all links to external websites must be left in place.
Why Your Business Needs a Dispute Resolution Procedure
New ... ... came into force in the UK in October 2004 in the form of the ... Act 2002. This article explains the impact of these new rules on your ... It also examines how,Increasing Numbers Caught by IHT
The number of estates paying ... tax (IHT) has risen by ... over the past five years, ... to The National Audit Office. They say that the Inland Revenue raised £2.5bn last year frThe Importance of Employment Contracts
The ... of new ... ... in the UK from the ... of October 2004 has brought ... law issues such as employee ... and staff dispute ... to the ... o