Acquiring business premises for your own use offers many real benefits, including security of tenure, security of capital invested in property improvements, long-term capital appreciation, long-term market share and customer loyalty by trading from a permanent location and ultimate ownership of a valuable fixed asset.
Calculations show that by purchasing property for your own use, you can save up to 50% on premises costs over a 10-year period, without compromising your business' cash resources.
Yes. We have been financing business premises for many years, whether industrial or retail properties and to a lesser extent, offices.
Yes. We have a specialised financing product available where no or limited deposit is available. By providing 100% finance to purchase a commercial property, we provide the entrepreneur the opportunity to use available cash flow to operate the business and not tie up much needed cash resources in a deposit for business premises. In the case of owner-occupied property, we may consider finance of up to 110% of the purchase price (subject to terms & conditions).
BUSINESS/PARTNERS, in consultation with the client, will establish a suitable repayment period during the initial investment negotiations. The repayment period is up to ten years for property finance.
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