Raymond MAASKE, BBA, CCC, ACRE
Confidential Business Broker & Commercial Real Estate Services
Who we are: Intro Video
BusCom Real Estate Services (Founding Managing Broker of Business Finders Canada)
We are a full service CONFIDENTIAL Business Brokerage & Commercial Real Estate Company specializing in the sale of business and commercial property. We help business and commercial property owners sell their business and commercial property in A CONFIDENTIAL & PROFICIENT MANNER to a QUALIFIED BUYER.
In finance, a loan is a debt provided by one entity (organization or individual) to another entity at an interest rate, and evidenced by a note which specifies, among other things, the principal amount, interest rate, and date of repayment. A loan entails the reallocation of the subject asset(s) for a period of time, between the lender and the borrower.
In a loan, the borrower initially receives or borrows an amount of money, called the principal, from the lender, and is obligated to pay back or repay an equal amount of money to the lender at a later time. Typically, the money is paid back in regular installments, or partial repayments; in an annuity, each installment is the same amount.
The loan is generally provided at a cost, referred to as interest on the debt, which provides an incentive for the lender to engage in the loan. In a legal loan, each of these obligations and restrictions is enforced by contract, which can also place the borrower under additional restrictions known as loan covenants. Although this article focuses on monetary loans, in practice any material object might be lent.