What is a Business Loan?Written by John Mussi
A business loan is designed for a wide range of small, medium and start-up business needs including purchase, refinance and expansion of a business. If you run your own business, it is likely that you will need funds at different points of time for various needs. Whether it is starting or expanding business, purchasing or leasing office space, refinancing equipment or restructuring your balance sheet.A business loan is an option that provides most flexible solution to meet your financial needs. Finance is lifeblood of a business. Without it you cannot grow. Business loans are generally available from £25,000 to £1,000,000 at highly competitive interest rates from leading commercial loan lenders. A business loan generally has low up front payments. Applying for business loans is a more involved process than applying for a personal loan. The requirements for a business loan are evaluated differently and standards to be met are stricter. Your options will also depend on bank you are dealing with; banks offer different loan packages, each with its own particular set of terms and conditions. While you can check out what your own bank has to offer, it is worth investigating business loans being offered by other banks as well. One of many advantages of taking a business loan is that it allows you to retain full ownership of company whereas if you were to raise funds through investors, you would have to share profits with them. In case of a business loan, you have to only interest to pay back.
| | Why Choose a Home Owner Loan?Written by John Mussi
Most people choose a home owner loan as it can release capital that is tied up in their property for immediate use. The loan can be used for any purpose, and is available to anyone who owns their home. Home loans can be used for any purpose such as, home improvements, new car, luxury holiday, pay of store card or credit card debt and debt consolidation. Home owner loans are available for practically any reason. One of most common types of home owner loans on offer are debt consolidation loans where objective is to reduce monthly outgoings to a more manageable amount. A Home Owner Loan is great if you want to raise a large amount; are having problems getting an unsecured loan; or have a poor credit history. Many lenders look more favourably on people who are home owners as this demonstrates a commitment to repay a large amount of money over a long period. With a Home Owner Loan you can borrow from £5,000 to £75,000 with repayment terms of between 5 and 25 years.
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