-698.86 (-2.61)
0.64 (0.96) -1.53 (-3.31) 656.13 -1.61 -259.00 (-0.85) 98.00 (0.22) -0.08 (-0.11) 84.9333 0.76 0.00 (-0.08) 0.00 (-0.08)Commercial Loan
SHUB LABH FINANCE PRIVATE LIMITED offers end to end financial solution for business owners and SMEs there are different modes of financing available for companies but selecting the right capital structure is very important. We advice the best capital structure to our clients on the bases of business model, cash flow of company, growth prospect, industries issues and assets. We feel proud when our clients call us “PERFECT SOLUTION “
Securing a Commercial Loan'
As is true for nearly every type of loan, how creditworthy an applicant is plays a starring role when a financial institution considers giving out a commercial loan. In most cases, the business applying for the loan will be required to present documentation, generally in the form of balance sheets and other similar documents, that prove the company has a favorable and consistent cash flow. This assures the lender that the loan can and will be repaid according to the established terms. If a company is approved for a commercial loan, it can expect to pay a rate of interest that falls in line with the prime lending rate at the time the loan is issued. Banks typically require monthly financial statements from the company through the duration of the loan, and often require the company to take out insurance on any larger items purchased with funds from the loan. Read more: Commercial Loan Definition | Investopedia commercial-loan.asp#ixzz4SydT7H16 Follow us: Investopedia on Facebook
Savings Bank Lending Requirements for Commercial Real Estate Loans:
- Both owner-occupied and investor commercial properties. Loan amounts begin at $50,000 to a maximum of $10,000,000. Preferred property types include office buildings, apartments, including five units and over, retail and mixed use. Special purpose properties may also be considered.
- up to 75% LTV
- Debt Service Coverage Ratio : 1.25x
- Personal Guarantees Required
- Pre-payment Penalties Apply
- Non-Assumable
- Real Estate Tax Escrows Required
- One Month P+I Reserve to be deposited into business account at Metuchen Savings Bank to facilitate auto-debit of mortgage payment
- $250 Application Fee Plus Cost of Appraisal
- Evidence of No Asbestos Related Risk and/or Lead Paint Risk (residential units only)
- Transaction Screen Analysis or Phase I Environmental Assessment May Be Required
- No Secondary Financing Permitted without Written Consent of Metuchen Savings Bank
- Attorney Review Fee
- 0.5% Origination Fee due upon Acceptance of Commitment
- Additional Terms and Conditions may be required on a case by case basis