123ArticleOnline Logo
Welcome to 123ArticleOnline.com!
ALL >> Environment >> View Article

How To Apply For Commercial Loans

Profile Picture
By Author: Larry Tang
Total Articles: 512
Comment this article
Facebook ShareTwitter ShareGoogle+ ShareTwitter Share

The moment you make a search for commercial loans, you will be amazed by the various types of commercial loans that would be available for you. As a first-timer, it is natural that you are quite perplexed by this diversity, however a little bit insight will show that it is not so difficult to apply for a commercial loan. The best approach is restraint. In other words, do not be beleaguered by the varietyinstead, use the present value of money concept to zero down on a particular commercial loan. In this way, you can reduce the interest rates and all applicable fees to a common value by discounting them to the present.

Some other prevalent factors that you need to take into account are prepayment penalty, amortization, and maturity. A prepayment clause is not widely appreciated; however, it is becoming common amongst lenders. Try to negotiate this away. Amortization and payment are inversely proportional to each other. Longer the amortization, lower the payment as the principal is divided into increasingly smaller fragments as the period of years increases. Twenty years is usual amortization period for commercial loans ...
... in Georgia, Alabama, Florida, and most places across the United States. For commercial loans in Georgia, Alabama, Florida, lenders will give you a maturity that is smaller than the amortization, which would allow them to modify the loan according to the prevailing market rates.

Common commercial loan structures in Florida, Alabama, and Georgia:

A five-year loan with a twenty-year amortization

A five-year loan with a twenty-five year amortization

A fifteen-year loan with a fifteen-year amortization

There are hundreds of possible combinations of commercial loans available in Florida, Georgia, and Alabama. Some lenders for commercial loans in Florida, Alabama, and Georgia can even customize a loan for you.

Total Views: 271Word Count: 288See All articles From Author

Add Comment

Environment Articles

1. Comparing Skip Hire Options: Should You Choose Local Or National Providers?
Author: Lily Jones

2. Expert Fiberglass Pool Installation Services
Author: Pools Now

3. The Hidden Gems: Qatar's Native Flora
Author: omar Shahat

4. Top Reasons To Choose An Online Solar System For Your Home: Convenience, Savings, And Customization
Author: Paul

5. Innovative Approaches To Fecal Sludge Management For Urban Sanitation
Author: jasmin thakkar

6. Busch Group Drives Sustainable Future Technologies
Author: Busch Vacuum Solutions

7. Human Hair Extension In Bangalore
Author: naturewigs

8. Navigating Skip Hire For Hazardous Waste: What You Need To Know
Author: Lily Jones

9. Five Great Ways To Save Energy In Your Kitchen
Author: Alicia Reno

10. Environmental Issues For Climate Change - What Should You Know?
Author: Climate Diet

11. Exploring The Beauty Of Kayaking And Mangrove Planting In The Uae
Author: Shilpi

12. Pfeiffer Vacuum Achieves Gold Medal In Ecovadis Sustainability Ranking
Author: Busch Vacuum Solutions

13. The Rise Of Sustainable Floristry: Eco-friendly Floral Practices
Author: adlerconway

14. Innovative Approaches To Municipal Sewage Treatment
Author: aaditri biswas

15. Innovative Techniques For Enhancing Sewage Water Treatment Efficiency
Author: jasmin thakkar

Login To Account
Login Email:
Password:
Forgot Password?
New User?
Sign Up Newsletter
Email Address: