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Commercial Loans in Ontario

Commercial Loans and Lines of Credit

Financing needs often differ from business to business depending on the type of product or service offered. A line of credit is a flexible and convenient borrowing option that offers the borrower with the financing they need as and when they need it up to a fixed amount. Commercial lines of credit are therefore often best suited to cover the day-to-day operating costs of the business because they are flexible, are often interest-only and can be paid off as quickly as you want. They also come in handy when pursuing a unique and time-sensitive business opportunity.

A commercial loan, on the other hand, is your best option when dealing with a one-time, larger expense or fixed assets. Commercial loans in Ontario come with a wide range of terms and payment options that are designed to give the borrower the flexibility to handle business financial matters as well as management of future investment opportunities.

Benefits of Commercial Loans

Commercial loans in Ontario can be fixed mortgages or unsecured loans for small businesses. Each has different advantages. Discussed below are some of the features and benefits of this type of loan.

  • It helps you maintain control over ownership

For example, if you have a business, and it needs funds to facilitate an expansion or run day to day activities of the business or even just pay off some business expenses; one may be tempted to consider selling off a stake or interest in the business. This would mean that the owner is relieving themselves of some control in the business. Having a loan instead of selling a portion of it helps the owner maintain control over their business.

  • Value in Property Appreciation

Commercial loans, as discussed earlier, helps you maintain control over your property or business. This means that the benefits associated with appreciation in the value of the property or business, are enjoyed entirely by the owner.

  • Lower Rates of Interest

After a thorough research and comparison between different lenders, it is possible for a borrower to secure a loan agreement with a lender at very favorable rates.

  • Businesses are Eligible for Tax Deductions

Interest paid on mortgages can be tax deductible. (Check with your financial advisor or Financial Advisor). This is a great advantage if you are self-employed. You may be able to lower your taxable income – a privilege that can’t necessarily be enjoyed when using credit cards.

  • Cash reserve

The borrower is able to access cash reserve. The cash will enable you to quick access funds for other projects or help with cashflow or make purchases quickly.

  • Types of Loans

Commercial loans or business loans can be secured or unsecured depending what the business owner needs the money for. They could be lines of credit, loans or mortgages. Talk to your Expert Mortgage broker to find out which type of loan makes all the sense from an economical and financial standpoint.

Business is booming and commercial loans in Ontario are on the rise.

WHAT PEOPLE ARE SAYING…

  • “Rent-to-own made possible”
    We would like to thank Matthew and his team. We put a lot of money down on a Rent to Own property that we were renting, but we could not get anyone to help us out till we found Mathew. He made it happen and closed on time when know no one else could. From all of us here THANK YOU! We now own our own house!

    C.T., HAMILTON, ON
  • “Best Mortgage Team I've worked with”
    Matthew and his team are the best mortgage team I have ever worked with. They are extremely hard working and bend over backwards to get the job done no matter how complicated or difficult. If there is a way – they will find it. And it will be in YOUR favor. Matthew goes out of his way to set you on a path of success. This is our second mortgage process we have gone through with Matthew, and we are in a better position now than we were the 1st time – all due to Matthews efforts and guidance. After following his recommendations and guidance over the next year we will use Matthew again for our next mortgage and be in an even better position then. If you need a mortgage done, no matter how complicated, call Matthew. He’ll make it happen.

    M.Z. BRANTFORD, ON
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    Matthew’s knowledge, experience and above and beyond work ethic sets an exemplary standard of professionalism and accountability. His integrity and drive is second to none… He truly is a miracle worker!! I have no hesitation in recommending his services to anyone seeking expert assistance. I’m beyond grateful and blessed!!

    M.D., BINBROOK, ON
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    Access mortgage did a great job in getting us a mortgage. It was a tough deal and they were able to get it done when others couldn’t. I would not hesitate to use them again.

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    I just want to say 'thank you' to all of you, especially Matthew. The financial stress started affecting my health and my life. I could not sleep or focus at work. Now it has given me control on my life by connecting me to a great lender. I have gone from being full of stress to being stress-free.

    JULIE - HAMILTON, ON
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    I just want to say ‘thank you’ to all of you, especially Matthew. The financial stress started affecting my health and my life. I could not sleep or focus at work. Now Access Mortgage has given me control on my life by connecting me to a great lender. I have gone from being full of stress to being stress-free.

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    Thank you for all the help that you gave me, most patiently and with deep understanding. I was very comfortable asking you everything and anything. Your team did great job in making me understand the financial side. I have learnt a lot. Thanks to Matthew for taking time to come to my place. He not only did his work, but for a short time, took me back to most nostalgic memories of my life, before I came to Canada. I am also grateful to the lawyer for coming to my place to meet with me, and quickly closing the mortgage and releasing the funds.

    S.S., MISSISSAUGA, ON
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    I can’t say enough how great your company has been. Matthew, thank you so much for making all of this process so easy for us. Our bank would not help us and you were amazing. Your company kept us informed every step of the way, and not once were we made to feel inferior like our bank did. The lawyers you set us up with were also awesome. I will highly recommend your company to anyone looking for mortgages. Thank you so much for getting creditors off our back and setting us on the right track. You guys are all amazing. I’m also so impressed that you came to us do to everything.

    K.K.P., HAMILTON, ON
  • “Best mortgage team I’ve worked with!”
    Matthew and his team are the best mortgage team I have ever worked with. They are extremely hard working and bend over backwards to get the job done no matter how complicated or difficult. If there is a way – they will find it. And it will be in your favour. Matthew goes out of his way to set you on a path of success. This is our second mortgage process we have gone through with Matthew, and we are in a better position now than we were the 1st time – all due to Matthews efforts and guidance. After following his recommendations and guidance over the next year we will use Matthew again for our next mortgage and be in an even better position then. If you need a mortgage done, no matter how complicated, call Matthew. He’ll make it happen.

    C.H. - ST. CATHARINES, ON
  • “Extremely Fast!”
    Access Mortgage was extremely fast and explained everything well. We were very happy with their professional service and honesty. I would definitely refer them.

    LISA - BRANTFORD, ON
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