Frequently Asked Questions

What are commercial loans?
Commercial loans are those loans which are to be used for business purposes.

Can I buy vehicles with a commercial loan?
Yes, you may buy vehicles with a commercial loan provided they are used for commercial purposes.

What types of commercial loans are available at Commercial Loan Finance?
Commercial real estate loan finance, commercial vehicle loan finance, commercial equipment loan finance are some of the different types of commercial loans available with Commercial Loan Finance.

Who can apply for a commercial loan?
Commercial loans are available for all residents of the UK, whether tenants or homeowners, intending to do business in the UK.

Is payment protection recommended?
Commercial Loan Finance recommends payment protection, as it is helpful in case the borrower is not able to make repayments on account of changes in personal or business environment. The borrower is safe since the loan will be paid.

Can I apply if I have bad credit history or a CCJ against me?
Yes, you can apply for a commercial loan with Commercial Loan Finance.

What does APR stand for?
APR or Annual Percentage Rate includes rate of interest and the other charges payable on unsecured or secured loans for the purpose of better comparison.