Business mortgage closing - Same-day payout

A business mortgage can be an essential step for entrepreneurs looking to expand their business or buy new premises. At Qeld , we understand that speed and flexibility are crucial, which is why we offer business mortgages with same-day payouts.

What is a business mortgage?

A business mortgage is a business loan for financing commercial real estate. This can be for the purchase of a new property, remodeling an existing property, or refinancing existing business mortgages. At Qeld , we make sure the process goes smoothly and quickly so you can focus on running your business.

Benefits of a business mortgage at Qeld

At Qeld , we offer several benefits:

• Prompt disbursement:
  We aim to arrange same-day disbursement so you have immediate access to the funding you need.
• Flexible terms:
  Our mortgages are tailored to your specific needs, with customizable terms such as interest rates and repayment periods.
• Transparency:
  We believe in clear agreements with no hidden costs.

How does it work?

The process begins with a simple application through our website. After submitting the necessary documents, such as financial data and an appraisal report, our experts review your application. If approved, the mortgage will be disbursed the same day after signing the mortgage deed at the notary.

Costs and conditions

Taking out a business mortgage involves various costs, such as appraisal fees, notary fees and advisory fees. Interest rates vary and depend on factors such as the risk profile of the loan and the term. At Qeld , we ensure transparent communication about these costs.

Requirements

To qualify for a business mortgage, many others usually require an equity contribution of at least 30% of the purchase value of the property. In addition, current annual figures and an appraisal report are required. Always remember to calculate the cost of your loan.

How much equity in business mortgage? 

With a business mortgage, it is common for you to bring in your own money, often between 20% and 40% of the total value of the property. This percentage can vary depending on the lender's specific terms, the value of the property, and the financial stability of your business. An equity contribution lowers the risk to the lender and can affect the interest rate you pay.

Although Qeld does not offer business mortgages, we can support entrepreneurs with flexible business loans for other investments in their business. Our business loans range from €5,000 to €500,000 and can be available within 24 hours of approval, without the requirement of an equity stake. This can be a good addition if you need, for example, renovations, inventory or additional working capital.

Does a business loan affect your mortgage? 

Yes, a business loan can affect your personal mortgage application, especially if you have a sole proprietorship or a partnership (vof). This is because in such cases, your business debts are considered personal financial obligations. Mortgage lenders may include your total debt in their assessment to determine your borrowing capacity and creditworthiness.

At Qeld, part of Qred Bank, we offer business loans that are flexible and with no binding terms, allowing business owners to repay loans faster when desired. This can help minimize the impact of a business loan on your personal finances. However, it is always wise to consult with your mortgage advisor beforehand so you know exactly how a business loan may affect your mortgage options.