Articles

Why should you resort to commercial banks in Lebanon?

by Toufic Sabbagh leading Lebanese bank

If you are looking for a credible source to finance your business, commercial banks in Lebanon can well be your best bet. These Lebanese banks not only finance businesses but also your mortgage and your investments as well. You don't have to have a upscale company with huge turnover to ask for finance from commercial banks in Lebanon. Investment banking companies that offer commercial banking services take care of businesses of all sizes that need finance to grow their respective business. Before you make applications, you need to understand how these Lebanese banks offer commercial and investment banking services.

 

First of all, you should perceive these commercial banks in Lebanon distinctly. However, there are many Lebanese banks that offer commercial banking services also act as investment banking companies. But, still there are some differences between commercial banks in Lebanon and investment banking companies among Lebanese banks. Retail banks unlike commercial banks in Lebanon deal directly with individual customers and process business loans on the basis of their individual incomes. For larger investment loans for businesses, however, retail banks follow the model of commercial banks in Lebanon.

 

Even though, commercial banks in Lebanon offer services chiefly to large-scale business houses, there is no hard and fast rule that these Lebanese banks don't provide services to small businesses and entrepreneurs. On the contrary, these commercial banks in Lebanon are now offering loans and other financial products to even those businesses that were not eligible in the past. Hence, if you are on the hunt to finance a loan, you can make applications to those Lebanese banks that work as commercial banks in Lebanon.

 

Secured loans are one of the best offerings available with commercial banks in Lebanon. In case you are looking to purchase a new property or you are considering about property investment, you can resort to these Lebanese banks to finance your investment. Except for secured loans, you can also avail unsecured loans from commercial banks that don't require any collateral. These Lebanese banks also offer unsecured loans where money is being loaned without collateral in the form of overdrafts. You can also ask for bridge financing if you need hard money loan from these Lebanese banks. In that case, you have to make applications for overdraft credit extension to commercial banks in Lebanon. 

 

If you are interested in property investment, you should apply directly to commercial banks in Lebanon. These Lebanese banks can help you finance a loan so that you can purchase a property. A loan by investment banking companies will also help restructure your existing loan so that it works more effectively for you and your business.

Now that you know what to look for in commercial banks in Lebanon, you can easily assess the credibility and check the offerings of these Lebanese banks. By doing that, you can effortlessly pick one of those investment banking companies that match your requirements to perfection.


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About Toufic Sabbagh Freshman   leading Lebanese bank

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Joined APSense since, October 5th, 2017, From Beirut, Lebanon.

Created on Dec 4th 2017 23:51. Viewed 423 times.

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