A commercial construction loan is short term financing for the construction of commercial buildings before the permanent loan is put into place.
Features:
1) Short term financing
2) Advances as the construction
progresses
3) Local decision
making
Commercial Loans
Definition
A commercial loan is a short term or long -term loan for purposes including capital expenditures,
financing fixed assets, purchasing inventory, and carrying receivables.
Features:
1) Local decision making
2) Integrated full
service business banking program
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