Industry Specific
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The industry in which a borrower operates can significantly impact their financial stability and earning potential, two key factors that lenders consider when assessing loan applications. For example, industries with stable income streams and low default rates are often seen as less risky by lenders, which can result in more favourable loan terms.
Doctors and Commercial Lending
Doctors are often seen as desirable borrowers for several reasons. Firstly, they typically have high earning potential, which increases their capacity to repay a loan. Secondly, the healthcare industry is relatively stable and is not as susceptible to economic downturns as other industries, which reduces the risk of default.
As a result, doctors often have access to special loan benefits, such as higher loan-to-value ratios, flexible debt-to-income ratios, and streamlined approval processes. These benefits can make it easier for doctors to secure financing for commercial property investments or to expand their practices.
Lawyers and Commercial Lending
Like doctors, lawyers are often seen as desirable borrowers. They typically have high earning potential and work in an industry that is relatively stable. Additionally, many lawyers have strong business skills, which can be beneficial when managing a commercial property investment.
As a result, lawyers often have access to special loan benefits, similar to those available to doctors. These can include higher loan-to-value ratios, flexible debt-to-income ratios, and streamlined approval processes. These benefits can make it easier for lawyers to secure financing for commercial property investments or to expand their law firms.
How Madd Commercial Can Help
At Madd Commercial, we understand the unique characteristics of different industries and how they can impact commercial lending. We offer specialised loan programs for various professions, including doctors and lawyers, to help them take advantage of the opportunities in the commercial property market. Contact us today to learn more about our industry-specific commercial lending services.
From securing your first business loan to managing mergers and acquisitions, our free service takes the stress out of navigating commercial finance. We offer our services Australia wide, so why not reach out to us today. Whether you’re looking to invest in commercial property, need cash flow finance, or seeking equipment finance, we’re here to help. We’d love to hear from you.
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