Guide: Taking out a business mortgage

A business mortgage can be an essential step for entrepreneurs looking to expand their business or buy new premises. At Qred Bank, we understand that speed and flexibility are crucial, which is why we offer business mortgages with same-day payouts.

What is a business mortgage?

A business mortgage is a business loan for financing commercial real estate. This can be for the purchase of a new property, remodeling an existing property, or refinancing existing business mortgages. At Qred Bank, we make sure the process goes smoothly and quickly so you can focus on running your business.

Benefits of a business mortgage with Qred Bank

At Qred, we offer several benefits:

• Prompt disbursement:
  We aim to arrange same-day disbursement so you have immediate access to the funding you need.
• Flexible terms:
  Our mortgages are tailored to your specific needs, with customizable terms such as interest rates and repayment periods.
• Transparency:
  We believe in clear agreements with no hidden costs.

How does it work?

The process begins with a simple application through our website. After submitting the necessary documents, such as financial data and an appraisal report, our experts review your application. If approved, the mortgage will be disbursed the same day after signing the mortgage deed at the notary.

Costs and conditions

Taking out a business mortgage involves various costs, such as appraisal fees, notary fees and advisory fees. The interest rate varies and depends on factors such as the risk profile of the loan and the term. At Qred, we ensure transparent communication about these costs.

Requirements

To qualify for a business mortgage, many others usually require an equity contribution of at least 30% of the purchase value of the property. In addition, current annual figures and an appraisal report are required. Always remember to calculate the cost of your loan.