Factory Loan and Shop Financing
Factory loan
This loan refers to a type of financing used to acquire a factory or an industrial property. The loan cash is not only for the acquisition of the property but it also can use for expanding an existing factory or purchasing machinery and equipment for production.
Depending on the respective bank’s criteria, some banks may offer a factory loan judging by the location, type of commercial property and the number of floors in the building. Unlike home loans, most of the banks are very strict with the types of commercial property they finance.
Banks tend to reject loans meant to finance factories situated within shopping complexes. If the factory is on the upper floor of a mixed development, the loan is likely to get rejected too. If your factory falls within any of these categories, you have a reason to consider private lenders to fund especially if your financial status isn’t strong as well. This is where we the licensed money lender may help you.
Shop financing
Shop financing involves any loans that cater to the business operating in shops. It can be trading, servicing, restaurants, cafe or even offices operating out of the shops. Sometimes, even a stable company may run into emergency cash needs. It may be due to festive holidays, or slowdown in the economy.
For whatever reason, this temporary change in the business environment has affected you. You may need a short-term temporary financing needs. Therefore, we can always assist with the shop loan if your shops need urgent cash. If your shops have been in operation for more than 6 months, and consistent business revenue, we may be able to consider a shop financing for you.
Conclusion
Operating a business is not easy. Even if you own a manufacturing factory, that may have been in operation for more than 5-10 years. Or your shops which may have just started operation. You may have sudden cash needs due to unforeseen circumstances. Hence a quick factory loan or shop financing can help you overcome your temporary financial distress.
Call us if you need any business loan, SME loan, working capital loan or refinancing loan. We specialize in KL such as KLCC, Bangsar, Cheras, Seputeh, Setapak, Kepong, Bukit Jalil, Kuchai Lama, Sri Petaling and Putrajaya. Whilst in Selangor, we focus in Petaling Jaya, Shah Alam, Sungai Buloh, Klang, Puchong, Subang, Gombak, Semenyih and Seri Kembangan.