Commercial lending in Wisconsin gives business owners the opportunity to purchase their business space while freeing up available cash flow to use for other expenses.

You may think it's complicated to apply for a commercial loan in Wisconsin, but it's not something you should fear. Commercial mortgage brokers in Wisconsin are plentiful and they are often willing to walk you through the process.

Some things you should think about before speaking with Wisconsin commercial lenders:

1. A commercial mortgage typically has a shorter term than the average residential mortgage. In most cases, business owners must pay the bulk of the loan at the end of 10 years.

2. You can usually refinance with Wisconsin commercial mortgage lenders at the end of your term if it is not possible to pay the balance.

3. Your finances must be in good order before you speak with commercial mortgage lenders in Wisconsin. A Wisconsin commercial lending company faces a greater risk when loaning to businesses instead of individuals. They need to feel certain that you will be able to pay them back. You should prepare your business plan, business credit score, and other important financial documents to show to lenders.

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

Talk to professional mortgage associations to find Wisconsin commercial lenders

A great way to find local Wisconsin commercial lending companies is to use the resources provided by professional mortgage associations. These groups often offer lists of their members to help you find a qualified professional.

I recommend: Contact the Wisconsin Association of Mortgage Brokers for a referral. Alternatively, you can check out the Wisconsin Mortgage Bankers Association or the National Association of Mortgage Brokers. Both of these sites allow you to search for local commercial mortgage lenders in Wisconsin.

Search the rates for commercial lending in Wisconsin

Knowing the common rates offered helps you determine the actual cost of your business location as well as make a plan for how much you can afford. You can learn the rates of Wisconsin commercial lending companies easily online.

I recommend: Use websites such as BuyerZone or LendingTree to compare rates of different lenders.

Decide between local Wisconsin commercial lenders and national specialists

You have many choices for commercial mortgage lenders in Wisconsin. Many nationwide companies can loan to Wisconsin business owners. Small local banks also often have commercial lending services.

I recommend: A local bank, such as the Citizens State Bank of Loyal offers many advantages to small business owners. Banks like this enjoy helping out in the community. Larger national companies, such as Commercial Direct, may offer you a more convenient application process.

Tips & Tactics

Helpful advice for making the most of this Guide

• •  Unexpected fees may surprise you when working with Wisconsin commercial mortgage lenders. To avoid this, make sure that you have a lawyer review all contracts.
• •  Do not be surprised if you have to speak with several commercial mortgage brokers in Wisconsin before you find one that wants to work with you. Remember that a Wisconsin commercial lender takes on a greater risk, so they may be more wary of loaning you money.