How a Commercial Mortgage Can Help Your Business

A commercial mortgage or commercial remortgage is a business loan which is secured against a commercial property.

Commercial mortgages are often used to buy business premises, such as offices, shops, restaurants, or pubs.

But they can also be used to buy other business assets such as plant or machinery.

As well as being a useful way of financing the purchase of business premises for a new business, commercial mortgages can also be an excellent way of funding the expansion of an existing business.

A commercial mortgage can also be used to fund investment in land or property which will be used for commercial purposes.

A commercial mortgage can be used to buy most types of commercial buildings, such as shops and offices, for both new and existing businesses.

The interest rates on commercial mortgages tend to be lower than the interest rates on unsecured business loans and the repayment terms are usually longer. This makes them useful for all sorts of business financing requirements.

What About a Remortgage?

If you already have a commercial mortgage on your company's business premises, you might find you could benefit from remortgaging.

A commercial remortgage allows you to unlock some of the equity that is currently tied up in your commercial property. It could also be a chance to switch to a more competitive, cheaper mortgage, especially if your or your company's credit rating and business history have improved since you took out your original commercial mortgage.

The money you free up through a commercial remortgage can be used for all sorts of things for your business. For example, you could purchase additional stock, or invest in new machinery or other fixed assets such as vehicles. Another use for the extra money can be to pay off outstanding bills, or clear other borrowings such as the company's overdraft.

Here are some typical uses for a commercial mortgage or remortgage:

• Borrowing money to buy a shop
• Raising finance to purchase an office building
• Buying a pub
• Financing the purchase of a restaurant
• Buying a hotel
• Buying a house to convert to a Bed & Breakfast (B&B)
• Raising finance to buy an existing business
• Clearing a business overdraft
• Improving business cashflow
• Buying new plant or machinery
• Financing the purchase of company vans and other vehicles
• Borrowing money to buy extra stock for your business
• Funding the expansion or refurbishment of your offices
• Borrowing money to pay for training
• Buying land for business purposes

Further information on commercial mortgages and business loans can be found at the Online Commercial Mortgages website.

Copyright 2004 David Miles. You are welcome to reproduce this article on your website, so long as it is published "as is" (unedited) and with the author's bio paragraph (resource box) and copyright information included. In addition, all links to external websites must be left in place.

David Miles is the editor of a number of personal finance and business websites including The Cash Clinic and Employee Contracts.

---

Apply For Home Mortgage Loan Online With Bad Credit - Things To Consider

So, you've found the perfect home. You've already decided where... Read More

Securing a Cheap Home Improvement Loan

Finding a cheap home improvement loan can be a challenge... Read More

Understanding Mortgage Points

When a mortgage broker asks a borrower to pay points,... Read More

Choosing The Right Mortgage For You

This article will help you understand the differences between a... Read More

Home Buying ? What Can You Afford?

Okay, you've decided to buy a home and are trying... Read More

Reverse Mortgages: When Is One Right For You?

How do you know if a reverse mortgage is right... Read More

Debt Counseling ? Healing Touch for the Ailing Finances

The financial stories remain similar over the months and the... Read More

Kings Bay Saint Marys & Kingsland Georgia Real Estate - Getting a Home Loan with Damaged Credit

So, you have made the decision that you would like... Read More

Mortgage Pre Approval - Getting Pre Approved For a Home Loan Online

A pre-approved mortgage is a must in a competitive housing... Read More

FHA Home Mortgage Purchase or Refinance Loan - Why You Might Consider Getting an FHA Loan

Most borrowers have heard of FHA home loans. They are... Read More

Home Equity Loan ? When Does Refinancing Make Sense?

For the last two years, interest rates have been much... Read More

Home Equity Loans in Texas

A few notes of importance: This only applies to... Read More

Understanding UK Bridging Finance

Bridging finance, also referred to as "bridge loans" and "bridging... Read More

High Risk Mortgage Lenders - Using a Sub Prime Lender Online

Sub prime lenders handle high risk mortgage loans that traditional... Read More

Online Mortgages in 5 Easy Steps!

We're all entitled to the opportunities and benefits of home... Read More

Mortgage Marketing

W. Edwards Deming said "Marketing and innovation are the only... Read More

California Refinance - Refinancing in California

The real estate market in California is booming. Home values... Read More

Home Mortgage Loans - Fixed Rate, Adjustable or Balloon, Which One Is Right For You?

When you're shopping for a new home-especially for the first... Read More

Fixed-To-Adjustable-Rate-Mortgage

What is a Fixed-To-Adjustable Rate Mortgage?This type of mortgage offers... Read More

This Secret Weapon Will Eanble You To Close Up To 200% more Home Remodel Sales

Many Homeowners are not aware of all the options that... Read More

How To Choose Your Mortgage Loan

Are you excited about purchasing your first home? Or maybe... Read More

Types of Mortgage Interest Rate

Here is a useful guide to the different types of... Read More

Where To Find The Best Rates For Your Mortgage?

As with all of my articles this will be based... Read More

Home Mortgage Loan Refinance ? Benefits To Refinancing Your House Online

Here are some of the benefits to doing your home... Read More

How Much Home Loan Can I Afford?

Have you ever asked yourself how much home loan can... Read More

Need Mortgage? Alternative Finance Often Masks Predators, Who Want to Steal Your House

So, your bank had just turned you down for a... Read More

Get the Best Rate on Your Home Mortgage Loan

Home mortgage interest rates hit record lows in 2004 and... Read More

Home Equity ? Is it Time to Cash Out and Move?

During the last five years, home prices have increased nationwide.... Read More

Home Mortgages: Does It Ever Make Sense to Pay Points?

Interest rates on home mortgages are often quoted with and... Read More

Zero Down Mortgage Loans - Is 100% Financing a Good Idea and Can You Get Approved?

Are you wondering if you can get approved for a... Read More

Fixed Rate Mortgage Loans - Understand the Pros and Cons of the Fixed Rate Mortgage

There are many benefits and drawbacks to consider when deciding... Read More

Buying a New Home ? Home Buying Tips

If you in the process of looking for your first... Read More

Internet & Mortgage Calculations

"You've been approved!" The words you have always wanted to... Read More