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NEWPORT BEACH, CA (October 1, 2019) – The business services advisory group of the National Association of Credit Union Service Organizations consists of commercial lending credit unions and CUSOs.
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Commercial loan interest rates can move quickly with the market so many investors are constantly trying to stay on top of the most recent interest rates to know if they’re getting a good rate from their local lender or if they should shop around.
Commercial lenders include commercial banks, mutual companies, private lending institutions, hard money lenders and other financial groups. These lenders typically have widely varying standards on which they base their loan criteria and evaluate potential borrowers-but are often focused exclusively on the private market and have more lenient financial qualifications than banks.
Commercial loans are granted to a variety of business entities, usually to assist with short-term funding needs for operational costs or for the purchase of equipment to facilitate the operating.
Owner-occupied commercial loans. Use your equity to remodel or expand your growing business. Your commercial property offers perks like tax breaks and stability from unexpected rent increases with a fixed-rate loan.
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