Most business owners need to find commercial mortgage lenders in Texas to help get the financing they need for their business location. Securing a Texas commercial mortgage will free up your available cash flow to spend on things other than a business location.

Commercial lenders in Texas are easy to find. Some new business owners, however, may find the application process for commercial mortgages in Texas a bit daunting. Here are some things that you should know about commercial loans in Texas:

1. Commercial mortgages are very different from residential mortgages. The terms are typically much shorter—less than 10 years. At the end of the term, the balance of the loan is due in one lump sum.

2. If you cannot afford the lump sum payment at the end of your Texas commercial loans, you can choose to refinance and take out a new mortgage from Texas commercial lenders.

3. Commercial mortgages present a great risk for Texas commercial brokers. The truth is that many businesses fail. It is very important that you have your business finances in good order and can prove that you are a sound investment.

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

Search mortgage associations to find Texas commercial lending providers

When you find your broker through a professional organization, you can be sure that the Texas commercial mortgage broker you use is qualified.

I recommend: Start by using the search function at the Texas Association of Mortgage Brokers' website. If you would like to see additional commercial lenders in Texas, you can also try searching the national database located at the National Association of Mortgage Brokers.

Collect quotes from commercial mortgage lenders in Texas online

When you are looking for Texas commercial lenders, it is often a good idea to request online rate quotes. This allows you to compare the rates of Texas commercial real estate brokers in a no-pressure situation.

I recommend: You can get free commercial loan rate quotes from several leading lenders through BuyerZone. You can also receive quotes from the popular site Lending Tree.

Apply for a Texas commercial mortgage through nationwide lenders

You may feel most comfortable working with nationwide lenders for your commercial mortgages in Texas. Nationwide commercial lenders are large, well-known companies with a significant amount of financial backing.

I recommend: Citibank is a nationwide bank that offers commercial mortgages. Commercial Direct is another well-known company that strictly focuses on commercial lending.

Look to local banks for commercial mortgages in Texas

You can also receive a commercial mortgage loan from smaller local banks. These banks may be friendlier and more likely to work with small businesses in Texas.

I recommend: The National Banks of Central Texas offers commercial loans for a variety of business purposes. Franklin Bank is another local Texas bank that offers commercial real estate loans.

Tips & Tactics

Helpful advice for making the most of this Guide

• •  Have a lawyer look over the terms of your loan to make sure that you understand everything. Do not be surprised by hidden fees.
• •  Always shop around to make sure that you are getting the best rates on your Texas commercial mortgage. Rates vary from lender to lender.