The role of credit scores in commercial property loan

Loan Amount Impact

A high score equals a larger loan, whereas a low score results in a smaller loan.

Differing Rates

A low score leads to high interest, whereas a high score results in lower interest.

Approval Delays

A low score might lead to a slower loan approval process.

Higher Fees

A low score often leads to higher loan processing fees.

Risk of Rejection

A low score increases the risk of loan rejection.

Good Credit Score

A better score means improved loan deals eventually. So, always maintain it.