Home to the third largest port in Canada, Saint John is a port city in New Brunswick, Canada and has a fast-growing population. Though Saint Johns is doing well economically because of its port, many companies can still use a commercial mortgage throughout their business life. In comparison to unsecured loans, commercial loans have favorable interest rates, offer capital gains and is a safer investment. Not to mention the finances can be used by the firm to develop a new property, renovate an existing one, or pursue other commercial and residential projects. The only catch is that you do have to be approved for this loan, a process that’s difficult or easy depending on a few factors. Mainly the firm’s financial health, debt service coverage ratio, loan to value ratio and the current business situation.
At Smarter Loans, our goal is to offer you a more accessible alternative in applying for the loan you need.
If you scroll below, you can find many of the reputable loan providers in Saint John looking to help. It is easy to compare the reputable loan providers and their interest rates, terms for the loan, and first-hand customer reviews. When you find the company you like, click “Apply Now” beside it to finish an online application. If approved, the business receives the loan immediately and if there were concerns with the firm’s financial health, don’t give up as some companies could still help.
You also have the choice to “Pre-Apply” with Smarter Loans, and we will find the most suitable commercial mortgage provider in Saint John for you.