Top Ten Tips to Commercial Loans: Tip 5

Top Ten Tips to Commercial Loans: Tip 5


Every week Jonathan Rubins, Managing Director of Alternative Bridging Corporation Limited, gives us the insight...

Tip 5: Why are you taking out that loan?

The commerciality and thought process behind the loan decision is often overlooked. Have you considered why you want the loan? Have you requested enough / too much? Commercially, does it make sense to you or the lender to take the loan? How will you repay it and have you allowed enough time to do so?

All of these questions are being considered by your lender and being prudent should be by the borrower and his advisers.

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