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  • Writer's pictureRIHANA PEIMAN

Why a Business Plan for a Commercial Mortgage?

Every business needs a strategic path to forecast the financial future of your company within the next few years. An effective business plan can reduce risks while setting your business goals.

Look at a business plan as the 'Compass' of your business. It can give you a better sense of direction to meet your business targets and milestones. Imagine going to a commercial lender without having any business plans in hand while seeking a big mortgage loan to purchase a commercial property! Why not being well-prepared before making any financial moves or commitments! In doing so, you could reduce risks for both lenders and your own business.

This is just a suggested business plan highlighting some key steps where commercial mortgages concern. Yours might be different depending on the nature of your business and goals.



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