Commercial Mortgages in P.E.I

Prince Edward Island is a province in Canada which was incorporated in 1873, and currently, 25% of the regional economy is dependent on farming. It is not unusual, however, for farmers and small businesses to need extra cash to manage their properties during the year for a variety of reasons. Commercial mortgages are perfect for this scenario because you can get lower interest rates, capital gains, and allows financial planning for other important business matters. Not to mention the loan can be used for more than just buying land, it can also be for developing existing or new properties that can be residential or commercial. Mortgages in P.E.I, however, require approval, and that approval is based on your debt service coverage ratio, credit history, and business.

At Smarter Loans, we make it easier for you to get approved for a loan that matches your standards.

Below you will find all of the most suitable loan lenders in Prince Edward Island who are able to help you. Take your time to compare the different firms regarding loans, interest rates, down payment options and even first-hand customer reviews. After making a decision, click “Apply Now” for the company you have chosen to complete a quick online application. When approved, you can expect the money within a few business days. If you have any concerns about your credit score, don’t worry, many of the companies can still help you.

You also have the option to “Pre-Apply” with Smarter Loans, and we will put your request in front of the most suitable commercial loan providers in P.E.I, eliminating a lot of unnecessary work and headache for your firm.