Terms loans are commonly used to buy commercial real estate, or to buy an existing business or franchise.

If you are familiar with home loans, you will understand the principles of how a term loan works. Generally, this type of loan can be used for two purposes – business or property.

Using a term loan for business purposes include buying a trading business or franchise, a new business start-up or the expansion of an existing business.

Term loans used to purchase commercial real estate encompasses a broad spectrum. The types of real estate include established, vacant or to be developed land; owner occupied or investment; and zoned from retail, industrial, office, warehouse, factory unit, to specialised property such as aged care facilities, or hotels and taverns.

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