Commercial financing, often known as company finance or business funding, is a type of lending that is geared toward businesses rather than people.
A commercial loan, often known as a business loan, is an unsecured form of commercial financing offered by us at Leodis Financial. That is, we do not demand business owners or managers to put up any personal or corporate assets as collateral. This is in contrast to secured business loans, which require the loan to be backed by some form of asset.
Because an unsecured loan is not secured by any assets, it is almost always a condition that the individual taking out the loan – the borrower – has great credit.
In addition to a complete, exceptional financial history and a well-researched and prepared cash flow forecast, this favorable credit rating should be maintained. This assists the lender in determining the risk of financing to the company, as well as determining whether the required payment is feasible and sustainable for the company.