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Connecticut Installments Fixed Rate Promissory Note Secured by Commercial Real Estate Connecticut Form

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Connecticut Installments Fixed Rate Promissory Note Secured by Commercial Real Estate Connecticut Form

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so now are the borrowing borrowing requirements the same when purchasing commercial property for ones one's own business um actually so you can buy a building for your own business um using a typical commercial loan or you can get a business loan and you can get a small business administration loan so what it is it is kind of similar to an um FHA situation residential basically the government the small business administration guarantees the payment of a certain portion of the mortgage so the lenders really approach it as a more essential loan for your business and some would guarantee a loan by the government for a portion of it and the term is longer the interest rate is small uh lower down payment is less the fees are high to originated but it's it's a beautiful loan but you've got to really qualify for it

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