A commercial loan is typically a sizable, long-term loan that can be used for a variety of things, such as purchasing property, recruiting people, or purchasing equipment. The specifics of commercial loans in Australia are discussed here. Examples of commercial loans Let’s examine a few instances from Australia’s top banks to have a better understanding of what a commercial loan is. One bank offers loans with a minimum of $250,000 and maturities ranging from one to 25 years. They provide …
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