What you need to know about securing financing for commercial property
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GUEST - Shane Padayachy - Area Manager at Business Partners Limited
Several advantages make owning commercial or business property a viable prospect for small businesses. These include the benefit of asset appreciation, enjoying full control over interior design and renovations, security of tenure and avoiding above-inflation rent hikes. As a first port of call, small and medium enterprise (SME) owners need to be aware of the various steps in securing finance for commercial property and to be as prepared as possible to put forward a strong application. Commenting on this topic is Shane Padayachy, Area Manager at Business Partners Limited who explains that the process of acquiring funding for business property “involves more rigorous vetting procedures and due diligence than applying for residential property.
Several advantages make owning commercial or business property a viable prospect for small businesses. These include the benefit of asset appreciation, enjoying full control over interior design and renovations, security of tenure and avoiding above-inflation rent hikes. As a first port of call, small and medium enterprise (SME) owners need to be aware of the various steps in securing finance for commercial property and to be as prepared as possible to put forward a strong application. Commenting on this topic is Shane Padayachy, Area Manager at Business Partners Limited who explains that the process of acquiring funding for business property “involves more rigorous vetting procedures and due diligence than applying for residential property.
