You can also use commercial mortgage loans to develop existing or new commercial property.
Commercial Mortgage Loans are similar to traditional mortgage loans; but instead of borrowing money to buy residential property, you secure any land or property for commercial purposes. Examples of commercial property are office buildings, industrial warehouses, apartment complexes, shopping centers, commercial building or land zones for commercial use.
You can also use commercial mortgage loans to develop existing or new commercial property. If you have existing commercial property, you can also use the funds from the loan to extend your current premises.
Why Work With Us
LendBug has built a proven track record of negotiating and securing the best working capital options for it’s clients.
We pride ourselves on educating clients as to their best current funding options, while simultaneously
transitioning them towards better products and ultimately long term sustainable funding solutions.
Regardless of industry, personal credit profile, or time in business, we get it done.
How a Merchant Cash Advance Works
A merchant cash advance allows a business to borrow against its future earnings. Unlike other business loans, collateral is not typically required to start a merchant cash advance, which means you can receive funds in as little as 24 hours.
Can a startup get a merchant cash advance?
A merchant cash advance is an option for startup businesses that may not yet qualify for other types of business financing. Because a merchant cash advance is repaid based on your business’s daily sales, time in business and other factors that usually make financing difficult for startups don’t apply. If your startup has strong daily sales, a merchant cash advance could be an excellent solution for your fast-capital needs.
How is a merchant cash advance repaid?
Your cash advance is repaid based on your business’s daily sales. Depending on the way your cash advance is financed, your lender will either take a daily percentage of credit card sales or a percentage of the total daily business sales. Terms vary by lender.
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Want flexible financing? Then you want a business line of credit.
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