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Term Loans
Terms loans are commonly used to buy commercial real estate, or to buy an existing business or franchise.
If you’re familiar with home loans, you’ll understand the principles of how a term loan works. Generally speaking, this type of loan can be used for two purposes – business or property.
Business purposes includes buying a trading business or franchise, a new business start-up or the expansion of an existing business.
The types of commercial real estate purchased encompasses a very broad spectrum. The types of real estate include established, vacant or to be developed land; owner occupied or investment; and zoned from retail, industrial, office, warehouse, factory unit, to specialised property such as aged care facilities, or hotels and taverns.
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