Top Vendors for General Commercial Lenders

Businesses need capital to buy inventory, expand, develop new products, and build. Sometimes a business' cash flow is not sufficient to fund these priorities. That is where general commercial lenders can help.

Commercial lenders differ from banks that provide commercial loans. Commercial lenders tend to focus exclusively on private companies that are able to make decisions quickly. Commercial lenders can be much more lenient than traditional banks; this flexibility allows them to lend to businesses that might not qualify for a bank loan, but the interest rates are much higher. Commercial loans are often backed by hard collateral: the business' buildings, equipment, or inventory.

Some well-known commercial lenders include GE Capital and Prudential. GE Capital offers asset-based loans for cash flow purposes and has different loan options available for different industries. Prudential loans billions of dollars each year to businesses, and the company takes pride in continuing to lend in difficult economic times.

More traditional commercial lenders include Bank of America and Huntington Bank. Both are regulated more heavily and have higher standards for lending. The loan process will take longer, but your business can usually obtain a better interest rate.

The business that maintains a steady cash flow is able to be more competitive. Increase your business' competitiveness by learning more about general commercial lenders at Business.com.