Georgia commercial lenders may have what it takes to help your business get off the ground. They can offer businesses a Georgia commercial mortgage that can help secure the business location you desire.

Commercial mortgages differ from residential mortgages. In most cases, the terms of the loans are much shorter, with a large lump sum due at the end of the term. If you cannot pay the lump sum, then you will have to refinance through commercial lenders in GA. Before speaking with commercial lenders in Georgia, you should:

1. Make sure that your business has a solid line of credit. Commercial mortgage lenders in Georgia take on a higher risk than residential mortgage lenders. They need proof that the business is sustainable before loaning money.

2. Always research all of your options when choosing a Georgia commercial mortgage lender. You can do business with local and national lenders, so make sure you are getting the best deal.

3. Make sure that your business has some capital or cash flow. You will need to immediately begin payments on your Georgia commercial property mortgage and the money needs to be there.

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

Search professional organizations for Georgia commercial mortgage firms

A great way to search for local commercial lenders in Georgia is to search the databases of professional mortgage brokers associations. Many organizations offer a searchable online database, which makes it easy to find a lender in your area.

I recommend: Search the databases of the Georgia Association of Mortgage Brokers or the National Association of Mortgage Brokers.

Request quotes from Georgia commercial mortgage providers online

It's easy to request a rate quote from commercial lenders in GA by filling out a simple online form. This allows you to look at the rates of several different lenders.

I recommend: MortgageLoan.com allows you to search for the rates of commercial mortgage lenders in Georgia. RealWebFunds conveniently lists the current rate matrices on their website.

Apply for a Georgia commercial mortgage from a nationwide lender

Nationwide commercial lenders are easy to work with. Because they are such large corporations, they have more cash available and a more streamlined mortgage process.

I recommend: Wells Fargo and Wachovia are nationwide companies that have special commercial lending divisions.

Use local lenders for personalized service

You may find that local Georgia commercial lenders are easier to work with than large nationwide companies. These lenders may be more willing to work with small local businesses.

I recommend: The First Georgia Community Bank prides itself on helping local Georgia businesses. Try asking your regular bank if they can provide you with a Georgia commercial mortgage.

Tips & Tactics

Helpful advice for making the most of this Guide

• •  Learn from your mistakes. If a Georgia commercial mortgage lender turns you down, do not be afraid to ask the reasons why and refine your presentation for the next bank.
• •  Review all conditions of your loan carefully to make sure that you understand everything. You do not want any unexpected fees.