Business and Finance site

There are certain loan criteria on the basis of which a commercial mortgage broker or pub mortgage banker will approve your loan. For commercial purpose it is important to write a business proposal in order to project your expectations and revenue you plan to earn from this business.

Any plans to carry out basic changes in your business, refurbishments or setting up a new business, you must approach a banker for this. Your other option would be to approach a brewery owner who would offer you funds at competitive rates.

Old existing pub or hotel – needs refurbishment!

A banker or a broker would expect you to project your earnings from the past two years. This offers enough of proof of your earnings and will also determine how risky a candidate you are.

A new business to be set up!

Understand what your needs are? What are your expectations from this business regarding revenue and cash flow?

Write a good business proposal and clearly state out why you want this loan. How do you plan to pay back and how will you spear head this business? How much are you planning to generate out of this. You must put your best foot forward and project a rosy picture of it.

Just in case you have bad credit scores, then you must opt for a non status lending option. This means that your credit rating, pending debts or your financial status will not have any bearing on your loan approval. It can be made that simple so that you are also eligible for it.