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Updated by Satbir Bhullar on Mar 04, 2020
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Things you must know about Commercial Loan | Mortgage

A commercial loan is a loan intended for business purposes. As with all loans, it involves the creation of a debt, which will be repaid with added interest by a business person.

Source: https://www.satbirbhullar.ca/commercial-loans/

Steps Before You Apply for a Commercial Loan

Many commercial loan applications are declined due to some small mistakes. Check out the steps before you apply for a commercial loan.

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Steps Before You Apply for a Business Mortgage

Take a look at the following steps before you apply for a commercial mortgage:

  • Understand the need for the loan
  • Know the time of loan
  • Figure out the amount of loan
  • Consult with different lenders
  • Prepare your loan application

Click here to get full information about the steps.