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Old 12-04-2009, 09:19 PM
Sabrina
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Question how to apply loans?

I am planning to apply for a house loan. I found a very nice commercial property in Los Angeles, CA. Even though its an old building I want it because it is two blocks always from a shopping mall. I am planning to put up a boutique for vintage clothes and RTW. I want know if there is any kind of loans available for commercial buildings? What loan is suitable for my needs?
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Old 03-08-2010, 02:52 AM
zairaong
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you need to get a commercial property loan. Commercial property loan is a type of financing that can be used to purchase property for any type of business use.
You need to prepare for the commercial property loan application. Your lender will need to be convinced that your new property will make money before giving you a commercial property loan. You'll need to present detailed financial reports, including balance sheets, tax documents, and sales records, to show the overall health of your business.
You should also prepare a detailed analysis of the costs and income you expect the new property to generate. Be sure to include the costs of building out the new facility, staffing, and insurance, as well as contingency plans in case you fall behind your goals.

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