Business Loans
The legalities are slightly easier than for private secured loans and the costs are lower.
Secured Business Loans For SL Companies
Who is suitable for this?
If you have an SL company in Spain and this company owns a Real Estate Asset, then you can apply for a secured loan for your business through KREDIT SPAIN.
Business Loan Options
We can offer a choice of three types of secured loans for SL companies.
Option 1
Repayment
Principal loan + Interest payments to be paid in monthly instalments.
Option 2
Interest Only
Interest only monthly payments with the principal amount to be paid in full at the end of the loan term.
Option 3
No Monthly Payments
Principal loan + Interest accrued is paid in full at the end of the loan term.
General Conditions
- Maximum LTV: 30%
- Interest rate: approx 10%
- Opening fee: 3- 6%. This includes notary fees, translations etc.
- Loan term: between 12 and 60 months.
Documentation we need
- Full address of the property
- IBI Bill (Suma)
- Information about debts on the property
- Copy of NIE and Passport for all homeowners whose names appear on the title deed
- Photos of the property
Contact Us
Get In Touch
Speak to one of out friendly team – all estimates and proposals are free of charge.
Minimum loan amount is 20,000€