Both conventional and Small Business Administration (SBA) loans are available for the purchase, refinance or cash-out refinance of owner-occupied commercial ...
Navigate the commercial lending process with confidence by understanding commercial business loans and capital funding options in depth.
Wells Fargo offers comprehensive commercial financing services for your institutional, government or business financing needs.
Bank of America Merrill Lynch provides a range of bank loans to fit your small to midsize business needs. Explore our loan and line of credit solutions.
Commercial Mortgage. Best For: Financing new or used cars, trucks, or heavy vehicles for business-use purposes. Covers your borrowing needs - wide range of ...
Reach active buyers and immediately increase your visibilityGet Started
Commercial Lending at BB&T offers a variety of loans to meet your business needs. Whether equipment or inventory financing, business lines of credit or loans, ...
The Commercial Loan Calculator estimate your debt coverage ratio and help you ... If you're considering taking out a new business loan, this calculator is a handy way to ... Other loans: Your monthly payment for any other outstanding loans.
Business Loans, Lines & Leases | Asset Based Lending | Large Corporate ... term loans; Leasing; International services and letters of credit; Commercial real ...
At Centennial Lending, we take your business goals seriously. We offer a variety of financing solutions to meet your needs. We serve the following areas: Denver ...
BoeFly is a business financing marketplace that helps business owners seeking small business loans, commercial financing and franchise financing secure the ...
If you're looking for a business loan, commercial mortgage or any other kind of loan for your business, Barclays has a range of loan options that could suit you.
Lloyds Bank Business offers a range of flexible lending products to help your ... the interest rate by 1% on all approved business loan, commercial mortgage and ...
As a business owner you require a continuous flow of capital in and out of your company. Seasonal sales trends and other socio-economic factors, as well as unforeseen overhead costs, and interrupt your working capital reserves. When that happens – and it’s not uncommon – you can continue operating with the help of a commercial business loan.
These loans, also known as small business commercial loans and business commercial loans, are a lump-sum disbursement loan with a pre-determined payback period, and are most often used for long-term company needs. The purpose of the loan is to 1) help you secure the equipment and other assets needed for growth and competitive operation, 2) increase the working capital available for your growing company, and, 3) profit maximization via terms and repayment schedules based on your cash flow. Just a few of the expenses you can cover with a commercial business loan are equipment financing, ownership changes, and new business acquisition.
When you decide to pursue a small business commercial loan, consider these things:
Qualifying for a Commercial Business Loan
A commercial business loan is usually secured by business assets. As you search for a lender who’s a match for your current needs, keep in mind what you will use as collateral if necessary. The high-level steps of the business commercial loan process are Application, Pre-approval, Processing, Underwriting, and Closing. Be forewarned, this can be a time-consuming process.
Choosing a Commercial Business Lender
Make a realistic assessment of your financial situation and needs when choosing a lender. If your credit and financial statements are favorable, the bank you use for business checking and other services will consider your application. If your financial record is less than impeccable you can look to credit unions or small business loan broker for assistance. When contacting banks about a loan try to gauge how serious they are about lending; you don’t want to waste valuable time if they don’t consider you a viable loan candidate.
A broker will give you access to a variety of lenders, some with more flexible underwriting requirements than a bank, and will have the experience to more quickly match you with a lender that’s a good fit for you.
Negotiating Commercial Business Loan Rates and Terms
The current economic climate dictates that you be flexible in the amount and terms of your loan. Carefully consider how much you truly need to borrow. A bank may be willing to loan you a smaller amount, which will help you build a relationship with the institution, but don’t settle for a loan amount that won’t help you deal with the expenses you need to cover.
Work with your lender to structure your commercial loan terms that align your debt repayment with your business cash flow. When considering repayment, bear in mind your overall financial obligations over the course of the loan, not just this specific loan amount.
Receive tips, tools, and case studies with the Business.com Advisor, our weekly email newsletter
Thanks for subscribing! To ensure you receive your weekly newsletter, please add firstname.lastname@example.org to your safe sender list.
Briefly describe your project and get matched with the top vendors!