What Depsoit Is Required For a Commercial Loan?
The deposit required for a commercial loan largely depends on the type of asset. Commercial property can lend up to 90% of the property value and businesses up to 70%. Some business such as medical or professional services are able to get finance as high as 100%. Again it all down to the risk associated with lending against the asset.
Here are some common examples of how much will be lent against a property;
Commercial property lenders can lend up to 40% and 90% of the properties value.
Development finance lenders can lend up to 75% of the development
Low Doc commercial property finance can be up to 75% and in some cases 80%
Business loans vary significantly but generally up to 70% for well established businesses and well known franchises. Some professional business types such as doctors surgeries, dentists, vet etc can borrow up to 100% of property and setup costs.
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