Sunday, March 29, 2015

Commercial Secured Loans – Ideal finance for your business | UHY Dawgen Chartered Accountants Blog

Commercial Secured Loans – Ideal finance for your business | UHY Dawgen Chartered Accountants Blo0g

A perfect combination of discipline, hard work and proper training can take your business to new heights helping you in accomplishing the desired success. Discipline is needed in every area in an organisation ranging from managing the employees, maintaining the environment of the organization, coordinating the work in the organisation or thefinance.
Maintaining discipline in the field of finance is the primary function of every businessman. It is truly said that money moves the world around. And the same applies to the world of business. Every business needs adequate finance for its smoother running and managing it is a tough task. Need for funds may arise anytime in a business, in such circumstances, commercial secured loans can be the best source of finance for the Jamaican business.
Commercial secured loans as the name indicate are tailored for businessmen who need funds for commercial purpose. These loans are very flexible and come in variety of structure to meet the diverse needs of the Jamaican businesses.
An important feature of commercial secured loans is that the borrower needs to put a security against the loan. Any of these – commercial property, equipments, invoices or order books can work as collateral against the loan.
Big as well as small business projects can be financed with commercial secured loan. These loans are multi-purpose loan and can be put to diverse uses namely the purchase of business premises, expansion, residential and commercial investment or property development and for many other commercial purposes.
Commercial secured loans provide affordable and effective solution to access the required capital. Loan terms attached with commercial secured loans are usually longer ranging from 10 to 30 years. Borrowers with commercial secured loans get an opportunity to withdraw an amount ranging from $75,000 to $35 million depending on your business trading history, borrower’s Credit rating, industry type and the collateral kept as a security against the loan. Some lenders can also provide you the loan of even a higher amount if they find your financial status worth.

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