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Commercial Mortgages and Newbie Business Mistakes

By April 7, 2022July 20th, 2023No Comments
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Looking for commercial mortgages? We are the commercial mortgage broker team that can cover financing for everything from multi-residential buildings to gas stations and hotels and motels. We supply commercial mortgages through a team of ex commercial bank managers.

Starting a business? Here’s a few tips on making sure that begins the right way.

  • Don’t forget to make a business plan. Some people who are looking for commercial mortgages put the cart before the horse. Especially when they are trying to start a small business. Neglecting to put together one of these important plans will make it extremely difficult to get any kind of financing. Not only that, a good business plan serves as a rallying point by providing milestones for your business as it grows. Plus it helps you get commercial mortgages.
  • As an experienced commercial mortgage broker, we’ve seen some other mistakes like buying assets with cash flow. Don’t buy any long-term assets using operating cash. It’s a recipe for disaster and a path to a cash shortage.
  • Here’s another common mistake that newbies make when they are starting an enterprise. Don’t set your prices based only on what the competition is charging. You need to do research for each and every product that you have in your inventory. You’ll also need to monitor actual costs as things go along so you can make any necessary adjustments.

When it comes time to expand your business or perhaps buy a piece of land for an extension, we can help with our commercial mortgages service. Our team of ex bankers has the experience and knowledge to be able to work on complex deals involving financing for properties like gas stations, hotels and retirement homes.

Commercial Mortgages in A Few Days

Our commercial mortgage broker team can get you a letter of intent for commercial financing in only a few days. Get in touch with us today so we can help you get started with your business.