1st
commercial co Company Information
and Research
1st commercial co Company Information and Research
Commercial
loans are available from 1st commercial co for almost any
purpose, borrow up to 80% of the property value and up to
100% where additional property is available as security. Minimum
advance is £50,000 with no upper limit and repayment
terms from 5 years to 30 years. Interest only loans also available
on certain plans.
1st
commercial co try hard to say yes to:
- Business
property acquisition or expansion
- Past/present
credit problems
- Self
employed without accounts
- Tenanted,
vacant or investment properties
- Previous/current
bankruptcy or IVA
- All
types of property considered
Once
your application is received it is processed the same day
and subject to 1st commercial co usual enquiries. When a firm
offer of a commercial loan is made a refundable deposit of
between £500 and £1,000 is required to show goodwill
on your part and is refunded when your application has completed.
If you withdraw at this time the deposit is not refundable.
A
fee for arranging the loan is charged and is only payable
when the loan is completed, full details will be sent with
your loan offer. You will be responsible for your own survey
fees and legal fees.
For
further information on 1st commercial co Business Finance
visit the 1st commercial co website.
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