Re: Commercial loan without switching business banking
Posted: Wed Jun 29, 2016 9:02 am
Hello Brandon Fisher. Welcome to the forums.
Most of the time when you get a commercial loan, you have to switch your business banking to that lender.
However, there are some some lenders that can allow you to continue your business banking with your current lender, specifically in cases where you're:
Cheers,
Otto
Most of the time when you get a commercial loan, you have to switch your business banking to that lender.
However, there are some some lenders that can allow you to continue your business banking with your current lender, specifically in cases where you're:
- Simply borrowing against residential or commercial property, meaning that you have no unsecured portion.
- Borrowing less than $1 million.
- Taking out a commercial loan with no annual reviews, meaning that your loan is for a non-specialised commercial property.
Cheers,
Otto