SEEKING A CORPORATE LOAN FOR YOUR BUSINESS?

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CORPORATE LOAN FOR YOUR BUSINESS - photo graphics man holding pan and paper sitting next to woman talking with man holding glasses

EASY LOANS FOR BUSINESS WITH LOAN CONSULTING PRO

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Corporate business loans are an excellent financing option for large scale businesses who need a lot of cash. Corporate loans are issued as secured or unsecured loan obligations and can be used for a variety of business purposes. Secured loans are often easier to qualify for, as they require some form of asset-based collateral. In general, secured loans are issued with lower interest rates and greater flexibility.

CORPORATE LOAN VS. COMMERCIAL LOAN:
WHAT IS THE DIFFERENCE?

CORPORATE LOAN VS. COMMERCIAL LOAN - photo graphics people having discussion at office table

CORPORATE LOAN OPTIONS:

Corporate loans can be used for all kinds of business purposes, including
working capital, real estate purchases, hiring, equipment financing, renovations, as well as other improvements and investments for your business.

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There are a range of corporate finance loan options you can apply for depending on your business goals.

Working Capital
Corporate Loan

A working capital loan is ideal for businesses that need a bit of help financing their overhead costs. A working capital loan can cover day-to-day expenses like monthly rent, employee salaries, electricity payments, inventory and more. Working Capital loans can also come in handy if you operate a seasonal business, and need extra cash flow during the low seasons.

Equipment
Financing Loan

With any kind of business, you may need to invest or modernize your current equipment or machinery. Equipment financing loans are medium term loans designed to be repaid within a range of 2-7 years.

Equipment is generally defined as an asset, which makes this loan ‘secured’ and often a bit easier to qualify for.

Corporate Line
of Credit

A revolving line of credit is a flexible financing option for businesses. With a corporate line of credit, business owners can take out money as needed. Once you are approved for a set amount, you will have access to these funds on demand. With a line of credit, you only pay interest on what you use.

Corporate
Term Loan

A term loan is issued with a predefined time frame that you are intended to pay back. When you are approved for a term loan, you are provided with the interest rate (fixed or adjustable), and a payment reschedule plan. Depending on the loan arrangement, you can pay back in installments or in a lump sum. With a ‘term loan’, you are typically issued the money in single payment for a period ranging from several years to several decades.

Commercial
Construction Loan

A construction loan is the ideal financing solution if your business is looking to build or renovate a commercial property (office, retail space, residential complex). This kind of loan is typically issued for a shorter time frame in which you make monthly payments throughout the period of construction. Once the construction is complete, you pay off the rest of the loan.

Business Real
Estate Loan

A real estate loan can help your business make important real estate purchases and investments. Like a traditional mortgage, you are issued funds based on a credit score and other eligibility measures. With this type of loan, you are required to pay a down payment of at least 25%. Moreover, with a business real estate loan, the mortgage is issued to the company rather than to the individual. A business real estate mortgage is also issued for a shorter time frame (max of 10 years), while a residential mortgage can be issued for up to 30. If you need help purchasing a property for your company, you can inquire with us.

CORPORATE LOAN RATES (IN 2023 AND BEYOND)

Due to the rise in interest rates, corporate borrowing rates are higher than usual. However, depending on your credit score, financial background and business goals, there are ways to secure lower rates. Moreover, you can always refinance your loan down the line if interest rates drop.

CORPORATE LOAN RATES - photo graphics men smiling one of them writing

Corporate loan rates can be as low as 4%, depending on the kind of loan you apply for and your financial credentials. Typically, you will need to provide the following information to secure a corporate loan:

CORPORATE LOAN ELIGIBILITY

Credit score (660+)

Lenders may often want to see both your personal and business credit scores.

Business plan

Lenders want to see that you’ve done your research and understand the viability of your intended investment. When you request any sort of funding, you will be asked to show your cash flow statements as well as any other financial analysis about the future of your business. Summarize your current business goals, present business status and calculate your future business projections.

Annual revenue

Be sure to compile documents showcasing your business’s internal finances (profit and expenditures).

Personal guarantee

If your company fails to pay off the loan, you may be personally liable.

Time in business

Though this varies based on the lender, your business will have had to be in operation for at least 2-5 years.

Outstanding loans

Lenders will want to see that your company (and, you personally) are not drowning in debt.

APPLY TODAY FOR A COMMERCIAL LOAN - photo graphics laptop on office desk

GET A BUSINESS LOAN FOR
YOUR COMPANY TODAY

Apply today for a corporate loan with Loan Consulting Pro. We work with experts in numerous industries to connect you to the right funding solution for your business.

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SEEKING A CORPORATE LOAN FOR YOUR BUSINESS?

EASY LOANS FOR BUSINESS WITH LOAN CONSULTING PRO