Commercial Loans

The commercial loan is a loan which is made to a company,(small business or a large corporation), for the purpose of making standard purchases or meeting operating costs . Commercial properties include: office, industrial, mini-storage, retail, hotels and more.

Commercial Real Estate Serviced:

Apartments (general) / Garden Apartments / Condo/Loft/Town home Apartments / Hi-Rise Apartments / Office (General) / Single Tenant / Offices / Owner Occupied (general) / Business Condominium/Co-op / Mixed Use (general) / Office over Retail / Apartments over Retail / Industrial/Flex (general) / Industrial/Manufacturing / Warehouse (general) / Warehouse/Office / Warehouse/Distribution / Mini Storage Facility / Retail (general) / Free Standing Retail / Strip with Anchor / Strip without Anchor / Regional Malls / Factory Outlet Center / Care Facilities (general) / Assisted Living Facility / Independent Living Facility / Senior Housing / Congregate Care / Medical Clinic / Medical Offices / Hospitality (general) / Hotel / Motel (non-flag) / Hotel (flag) / Leisure / Resort / Special Use (general)Car Dealership / Golf Course / Mobile Home Park / Parking Garage / Raw Land / Residential Subdivisions

Applications for the commercial loan
Commercial loan application will require information about both the business and the borrower. A business which consistently lacks revenue or a borrower with a poor credit history may have trouble acquiring a commercial loan. It is important to work with a customer service representative from the lending institution who is knowledgeable about the specific details of the commercial loan. This will help to negotiate the best deal possible. If the business has an accountant, it is preferable if the accountant also participates in meetings with the borrower and the lending institution representative regarding repayment of the commercial loan.

Commercial loan rates
Commercial loan rates are highly varied dependent on business, borrower and lender differences. Commercial loan rates may fluctuate with the business economy as well as with the real estate market, dependent upon the lender. Commercial loan rates are generally lower in interest than private loan rates but are held to a higher standard of repayment with stricter penalty fees for repayment failure. Budgeting plans for the future of the business should always incorporate the costs of repayment of the commercial loan. The commercial loan repayment should always be made on time and in full in order to prevent damage to the credit and credibility of the borrower and the busines