Industrial Loans
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For industries in Tallahassee and all over Florida, it is quite hard to access loans that can finance their projects and expenses since it is not the same to request commercial ones compared to those meant for them. Fortunately, several lending institutions are starting to include industrial loans in their services. But why would an industry need loans? And why are commercial mortgages or credits unable to finance their needs?
First, not all commercial loans are the same, some are meant for acquiring or purchasing properties while others allow companies to maintain cash flow and invest in several expenses. Now, when you compare the projects and needs of a company with industry, you will notice two differences:
- Industries usually need more funds or money from loans to finance any project and expense.
- Since they are not companies or corporations directly, the terms and conditions of a loan can vary or change.
This is why it is crucial to find industrial loans from lenders that not only offer them overall but also can focus on establishing terms and conditions that adapt to your situation and needs. At Commercial Real Estate Loan Pros of Tallahassee, we are one of the few leading companies in the state that is able to offer them better terms than regular lenders like banks and financing groups. Therefore, whenever you decide to apply for one, you can expect similar conditions to the ones below:
- Interest rates are fixed and range from 3% to 12%.
- More time for payments.
- Higher LTV and LVR ratios.
- Flexibility when missing a payment.
- We finance a wide range of projects and expenses: renovations, additions in the industry, keep it running, maintain cash flow, and other needs that are regular in the industry.
- Larger loan size than usual.
The best part is that it is quite easy to apply for our industrial loans regardless of the field yours is part of. Just make sure to follow the regular requirements: provide credit score, collateral, basic documentation, financial records, and details about the project or expenses for the funds you are requesting. Once you send an email or visit our company to provide the requirements, our team will go over them within the next 24 hours and send a reply to your contact information.
Why choose us and not traditional lenders?
The issue with banks and financial groups lies in how many requirements they ask for and how unfair the terms and conditions can be. Besides, most industries are unable to finance the real project or expense they want the funds for due to the limitations of the lender when it comes to what you can use the money. As a result, it is not only us but rather general private lenders that are able to offer the same industrial loans but better.
In our company, Commercial Real Estate Loan Pros of Tallahassee, we like to keep it simple and accessible for those who really need it and are able to prove their repayment capabilities even when some requirements are missing. Just keep in mind that industrial loans are short-term ones, which means you will have less time for repayment compared to other credits that are usually commercial ones.
There are so many areas or regions where we offer these services with most of them being cities.
However, if you need any of these services, you need to contact us. The list below comprises the areas where we offer these services.