COMMERCIAL LOANS

A commercial loan is any type of loan made to a business instead of an individual for the personal use. While the term “commercial loan” can technically apply to any loan made to a business, lenders also use this term to describe larger loans made to medium and large companies whereas, small business loans are typically for lower amounts. It’s offered to business owners to finance the growth of their business and it’s a way of describing any arrangement between a lender and a business. If your business needs money, a commercial loan can be a great option and it can be used to buy a vehicle for the business, hire staff,  build a new facility or to open a new location or any other business need. It simply provide businesses with the funds needed to build for the future. Your property assets such as your shop, warehouse, office and other equipment may be used as a security by some lenders.

When you apply for a commercial loan, lenders will consider several factors to decide whether you qualify for the loan such as your credit score, business revenue over the past several years, purpose of your loan as well as business plan, collateral you could put up for the loan and your business financial statements. 

 

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CROWN FINANCIAL LTD

  • Crown Financial Ltd (FCA No.959847) is an Appointed Representative of Connect IFA Ltd (FCA No. 441505) which is Authorised and Regulated by the Financial Conduct Authority  and is entered on the financial services register (https://register.fca.org.uk/) under reference 959847. The FCA does not regulate some forms of Business Buy to Let Mortgages and Commercial Mortgages to Limited Companies. The guidance and/or advice contained within this website is subject to the UK regulatory regime and is therefore primarily targeted at consumers based in the UK.                               
  • Crown Financial Ltd Registered Office: 118B, Gubbins Lane, Romford, RM3 0DR. Company Registered in England and Wales Reg. 13486324. Crown Financial Ltd is registered with the Information Commissioner’s Office under registration reference: ZB243625. Copyright © 2021 All Rights Reserved.
  • A fee will be payable for arranging your mortgage with Crown Financial Ltd. The amount of the fee will depend upon your circumstances and will be discussed and agreed with you at the earliest opportunity, but this is typically 0.5% of the mortgage balance, e.g. £500 for a mortgage of £100000. Initial consultation is always free.
  • A fee of (minimum £99 – £199) is payable at the outset when you apply for the mortgage.
  • We don’t charge any fee for insurance services. 
  • Commission disclosure: We are a credit broker and not a lender. We have access to an extensive range of lenders. Once we have assessed your needs, we will recommend a lender(s) that provides suitable products to meet your personal circumstances and requirements, though you are not obliged to take our advice or recommendation. Whichever lender we introduce you to, we will typically receive commission from them after completion of the transaction. The amount of commission we receive will normally be a fixed percentage of the amount you borrow from the lender. Commission paid to us may vary in amount depending on the lender and product. The lenders we work with pay commission at different rates. However, the amount of commission that we receive from a lender does not have an effect on the amount that you pay to that lender under your credit agreement.
  • Making a Complaint: It is our intention to provide you with a high level of customer service at all times.  If there is an occasion when we do not meet these standards and you wish to register a complaint, please write to: Compliance Department; Connect IFA Ltd, 39 Station Lane, Hornchurch, RM12 6JL or call: 01708 676110. If you cannot settle your complaint with us, you may be entitled to refer it to the Financial Ombudsman Service www.financial-ombudsman.org.uk
 
  • Your home may be repossessed if you do not keep up repayments on your mortgage or loans secured on it.