Commercial Business Loans

Commercial business loans are used to purchase, construct, renovate, or refinance commercial only properties.

What is a Commercial Business Loan?

Commercial business loans are used to purchase, build, renovate, or refinance commercial, industrial, or non-owner-occupied property. This can include office buildings, medical facilities, multi-unit rental buildings, warehouses, hotels, or vacant land on which one or more of these types of properties will be built. They can also be used to buy and develop land on which homes will be built and sold.

Commercial loans are essential for businesses looking to invest or expand their real estate holdings.

Types of Commercial Business Loans

Conventional Commercial Loans: Traditional loan that provides lower interest rates and terms ranging from 5 to 20 years.

SBA 7(a) Loans: Small Business Administration loans that can be used for purchasing, constructing, or renovating commercial properties for those seeking funds up to $5 million over a maximum term of 25 years.

SBA 504 Loans: Designed for major fixed assets, offering long-term, fixed-rate financing through a loan and SBA-backed debenture.

Bridge Loans: Short-term loans used to bridge the gap with temporary funds until more permanent financing can be secured, often used for acquisitions or renovations.

Hard Money Loans: Short-term, high-interest loans that are used for properties that do not qualify for traditional financing.

Construction Loans: Short-term loans used to fund the construction of a new commercial property that is typically converted to a permanent loan once construction has been completed.

Key Features of Commercial Business Loans

Fixed or variable interest rates
Faster access to funds
Multiple loan options
Maintain business ownership
Flexibility
Tax advantages