For the would-be business owner, franchising can be an attractive option because there is typically much less risk involved in establishing the business. Although the requirements for the property itself may be more stringent because the franchiser must protect the integrity of the brand, lenders may look more favorably at a commercial franchise loan. An entrepreneur who has the backing and support of a business chain is viewed by many lenders as having better odds of success and, therefore, being a more stable investment. The quality and location of the proposed property, the recognition of the brand and other factors can influence lenders' confidence and possibly even improve commercial lending rates. And, by applying for a commercial loan through mCLQ, you can improve your odds of a favorable offer even further by getting several quotes from lenders quickly and easily.
Small balance loans - loans ranging from $400,000 to around $5 million - are the latest sector in the real estate market to feel the pain of the tight borrowing atmosphere. This is especially true of properties such as hotels, self-storage, restaurants and automotive businesses, which banks and other lenders are financing with more skepticism these days. Commercial lending rates, values of certain loans and debt coverage ratios are all affected by the frenetic real estate market. In fact, by some estimates, business people have lost up to 40 percent of their borrowing choices.
We at mCLQ have done what we can to inoculate our customers from the fluctuations in the borrowing landscape. We bring borrowers up to five quotes from qualified lenders when they apply at mCLQ for a commercial franchise loan. It is our mission to make sure that the uncertainty of the overall market doesn't cripple your entrepreneurial dreams.
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