15-11-2012, 06:06 PM
COMMERCIAL LOAN
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They are also known as business loans.
They are generally financed for business purposes.
Loan advanced to a business instead of to a consumer.
Commercial loans are usually for a short-term period secured or unsecured, and are often advanced for financing equipment , machinery, or inventory.
Banks usually require the commercial borrowers to submit monthly and annual financial statements, and to maintain insurance cover on the financed item.
Types of commercial loans
Bridge Loan
Real Estate Purchase Loan
Hard Money Loan
Joint Venture Loan
Participating Mortgage
Top leaders in commercial loans
Allahabad Bank
Uco Bank
Union Bank
United Bank of India
Bank of Baroda
Indian Bank
State Bank of India