Commercial Loans in Ontario

Commercial Loans and Lines of Credit

Financing needs often differ from business to business depending on the type of product or service offered. A line of credit is a flexible and convenient borrowing option that offers the borrower with the financing they need as and when they need it up to a fixed amount. Commercial lines of credit are therefore often best suited to cover the day-to-day operating costs of the business because they are flexible, are often interest-only and can be paid off as quickly as you want. They also come in handy when pursuing a unique and time-sensitive business opportunity.

A commercial loan, on the other hand, is your best option when dealing with a one-time, larger expense or fixed assets. Commercial loans in Ontario come with a wide range of terms and payment options that are designed to give the borrower the flexibility to handle business financial matters as well as management of future investment opportunities.

Benefits of Commercial Loans

Commercial loans in Ontario can be fixed mortgages or unsecured loans for small businesses. Each has different advantages. Discussed below are some of the features and benefits of this type of loan.

  • It helps you maintain control over ownership

For example, if you have a business, and it needs funds to facilitate an expansion or run day to day activities of the business or even just pay off some business expenses; one may be tempted to consider selling off a stake or interest in the business. This would mean that the owner is relieving themselves of some control in the business. Having a loan instead of selling a portion of it helps the owner maintain control over their business.

  • Value in Property Appreciation

Commercial loans, as discussed earlier, helps you maintain control over your property or business. This means that the benefits associated with appreciation in the value of the property or business, are enjoyed entirely by the owner.

  • Lower Rates of Interest

After a thorough research and comparison between different lenders, it is possible for a borrower to secure a loan agreement with a lender at very favorable rates.

  • Businesses are Eligible for Tax Deductions

Interest paid on mortgages can be tax deductible. (Check with your financial advisor or Financial Advisor). This is a great advantage if you are self-employed. You may be able to lower your taxable income – a privilege that can’t necessarily be enjoyed when using credit cards.

  • Cash reserve

The borrower is able to access cash reserve. The cash will enable you to quick access funds for other projects or help with cashflow or make purchases quickly.

  • Types of Loans

Commercial loans or business loans can be secured or unsecured depending what the business owner needs the money for. They could be lines of credit, loans or mortgages. Talk to your Expert Mortgage broker to find out which type of loan makes all the sense from an economical and financial standpoint.

Business is booming and commercial loans in Ontario are on the rise.

WHAT PEOPLE ARE SAYING…

  • “I can’t say enough how great your company has been. Matthew, thank you so much for making all of this process so easy for us. Our bank would not help us and you were amazing. Your company kept us informed every step of the way, and not once were we made to feel inferior like our bank did. The lawyers you set us up with were also awesome. I will highly recommend your company to anyone looking for mortgages. Thank you so much for getting creditors off or back and setting us on the right track. You guys are all amazing. I’m also so impressed that you came to us do to everything.”

    KKP, HAMILTON
  • “I just want to say ‘thank you’ to all of you, especially Matthew. The financial stress started affecting my health and my life. I could not sleep or focus at work. Now Expert Mortgage has given me control on my life by connecting me to a great lender. I have gone from being full of stress to being stress-free.”

    M.D, Mississauga, ON
  • “The bank would not lend money on our farm unless we showed them financial statements. Since my husband passed away, my son and I were struggling to keep the farm afloat. We just needed more time. The third mortgage you got us was the miracle we needed. You believed in us and we are so grateful. Thank you.”

    S.E. Orono, ON
  • “My pig farm always made good profit but last year was brutal for the whole industry. I fell behind on my mortgage. I showed FCC that my loss was just a temporary blip and asked them to give me some leeway but they started a foreclosure anyway. Thanks for getting me that private loan to buy me some time until I’m profitable again.”

    K.O., Hawkesbury, ON
  • “My ex-wife’s lawyer gave me 30 days to buy out her half of our house or have it put up for sale. I had no job and I was in bankruptcy. My bank manager laughed at me. I thought it was hopeless until I saw your flyer. I don’t know how you qualified me for the mortgage. You’re a miracle worker. Thank you!”

    J.R. Burlington, ON
  • “We were 6 months behind on our mortgage and the Sheriff was coming in 5 days to lock us out of our home. Every other mortgage broker said NO! I can’t believe you were able to get us a second mortgage that fast. You saved our home and I will refer everyone I know to you.”

    C.C., Oshawa, ON
  • “The bank refused to value my property based on all 211 acres. They said that their ‘rules’ limited it to 5 acres. Personally, I think that’s biased against farmers. I didn’t know that you had lenders who would value my property on all the acres. I finally got a large enough loan to tie all my debt into one payment. Thanks!”

    C.R., New Dundee, ON
  • “Every time I’d walk into a bank and say the word ‘farm’ the suit on the other side of the desk would look at me like I was from another planet! They had one agricultural ‘specialist’ for the area that was not much better. Then I went to 4 mortgage brokers before I stumbled on your company. Your rates were lower than the bank.”

    M.D., Bradford, ON
  • “Our credit was destroyed after we had a bad year. We needed to expand our facility. I explained to the bank that the expansion would make us profitable. I proved it on paper. They still declined us. I never heard of your ‘no questions asked’ private loans but you gave me $500,000 with no paperwork. That was a Godsend. My wife and I appreciate it from the bottom of our hearts and we won’t let you down.”

    R.Q., Woodville, ON
  • “Once again, a big thank you for arranging our new mortgage and being able to arrange for additional funds on closing. Matthew has worked hard for me over the last few years… I have a very high level of trust in Matthew and Expert Mortgage, and will surely recommend you to anyone I know who is in need. Thank You.”

    M.Z. Brantford, ON