The days are gone when loans are easily obtained. But wait, all hope is not lost. Commercial lending is once again becoming the talk of the town. With the re-opening of commercial loans, borrowers will benefit from fixed monthly amortization rates and competitive interest rates that are usually lower than other loan types, particularly asset-based loans.
A 2012 survey spearheaded by Omega Performance showed almost 61% of American banks are planning to do more commercial lending in the coming years. Additionally, 20% of banks are making their commercial loan procedures friendlier and more comfortable for consumers while another 15% will be doing the complete opposite. Still, majority of U.S. banks promised to retain their usual standards. Even the American Bankers Association (ABA) had forecasted in 2012 that there will be a continued steady growth of commercial lending from 2013 onwards. Commercial loans can easily be released here and there because of the business boom.
Individuals are leaving the corporate world in exchange of starting their own mini companies. These people are a very good sign for commercial health, contributing to the big spike in loan borrowing. The market seems a lot healthier for business owners today as compared to several years back, a lot easier to expand.
Commercial Lenders Are Returning
The competition between money lenders and financial institutions is becoming tighter as well. They are slowly coming back to the market offering lower interest rates and the ease of availability of fixed rates. In 2010, refinancing, availing lower interest rates and securing new amortization schedules have just gotten easier. Indeed, commercial money lenders may have eased up a bit. The fact is still here that they grant loans to known people. And because capital is considered as the lifeblood of business, borrowing capital through commercial loans still makes absolute sense. Click Here
A 2012 survey spearheaded by Omega Performance showed almost 61% of American banks are planning to do more commercial lending in the coming years. Additionally, 20% of banks are making their commercial loan procedures friendlier and more comfortable for consumers while another 15% will be doing the complete opposite. Still, majority of U.S. banks promised to retain their usual standards. Even the American Bankers Association (ABA) had forecasted in 2012 that there will be a continued steady growth of commercial lending from 2013 onwards. Commercial loans can easily be released here and there because of the business boom.
Individuals are leaving the corporate world in exchange of starting their own mini companies. These people are a very good sign for commercial health, contributing to the big spike in loan borrowing. The market seems a lot healthier for business owners today as compared to several years back, a lot easier to expand.
Commercial Lenders Are Returning
The competition between money lenders and financial institutions is becoming tighter as well. They are slowly coming back to the market offering lower interest rates and the ease of availability of fixed rates. In 2010, refinancing, availing lower interest rates and securing new amortization schedules have just gotten easier. Indeed, commercial money lenders may have eased up a bit. The fact is still here that they grant loans to known people. And because capital is considered as the lifeblood of business, borrowing capital through commercial loans still makes absolute sense. Click Here