Colorado commercial lenders help businesses acquire the capital they need to start a new business or expand an existing one. When it comes to commercial loans in Colorado, there are several options from which to choose. However, business owners should research and learn the facts to make sure to get the right loan.

Business owners should keep in mind when shopping for commercial financing in Colorado, the process differs greatly than that of a residential loan. There are some main differences between a Colorado commercial mortgage and a residential one:

1. Collateral for a Colorado commercial mortgage typically exceeds the amount required for residential loans.

2. Colorado commercial loan interest rates are usually higher.

3. The terms for commercial financing in Colorado are shorter, with a balloon payment typically due at the end.

Action Steps
The best contacts and resources to help you get it done

Search online to compare commercial lenders in Colorado

By using search engines to compare and contrast Colorado commercial loans, business owners can get an idea of the different types of loans available.

I recommend: Sites like iBank or Mortgage Loan will help give you an idea about what rates are currently available. Use these rates as a reference when you research your research your commercial loan.

Investigate local and national banks for Colorado commercial mortgage brokers

Several banks offer Colorado commercial loans. While the larger, national banks may have more branches, local lenders may offer more personalized service. Weigh your options while you decide which Colorado commercial loan is right for you.

I recommend: National commercial banks like All Options and Green Door Funding have several different types of options for Colorado commercial lending. Local banks like Bank of Choice or TCF Financial Corp. will have in-depth information regarding the business outlook in Colorado.

Use business associations to find commercial lending in Colorado

Small business organizations in Colorado will have extensive inside knowledge about Colorado commercial loans. These associations are designed to help accomplished and aspiring entrepreneurs. Often times, these organizations provide free seminars to assist business owners secure the best commercial loans.

I recommend: The Business Planning Center (BPC) in Denver has several classes for aspiring entrepreneurs including business counseling and loan programs. Local chapters of SCORE in Colorado offer several classes on business planning and Colorado commercial lending.

Tips & Tactics

Helpful advice for making the most of this Guide

• •  Some commercial property sellers offer discounts if you work with certain Colorado commercial lenders. Make sure to inquire about them if you are looking for a property.
• •  Before purchasing a property, make sure to check the fine print on your Colorado commercial loan about restrictions to property use. If the loan is too restrictive, it may pose problems for your business.