LOOKING FOR A
COMMERCIAL LOAN?

LOOKING FOR A COMMERCIAL LOAN?

YOU ALREADY TOOK OUT
A COMMERCIAL LOAN
FROM THE BANK

Now, the bank won’t
give you a new
commercial loan

Until you repay
your existing
commercial loan

Fill out our form &
Get money

You already took out a commercial loan from the bank

Now, the bank won’t give you a new commercial loan

Until you repay your existing commercial loan

Fill out
our form & Get
money

LOOKING FOR
BUSINESS FUNDING?

HERE’S EVERYTHING YOU NEED TO
KNOW ABOUT SECURING A
COMMERCIAL LOAN

LOOKING FOR BUSINESS FUNDING?

HERE’S EVERYTHING YOU NEED TO KNOW ABOUT SECURING A COMMERCIAL LOAN

NEED COMMERCIAL FUNDING?

Are you a business owner in the market for a loan? Consider our commercial loan and commercial financing options to help you meet your business obligations. A commercial loan, like a business loan, can be utilized for a variety of purposes including: covering operational costs, purchasing equipment, buying real estate for your business or funding any significant capital expenditures.
Commercial funding can be utilized for day-to-day overhead costs, or to completely revamp and grow your current business. One way to grow your business is to purchase or invest in real estate that will be used by your enterprise.

NEED COMMERCIAL FUNDING?

Are you a business owner in the market for a loan? Consider our commercial loan and commercial financing options to help you meet your business obligations. A commercial loan, like a business loan, can be utilized for a variety of purposes including: covering operational costs, purchasing equipment, buying real estate for your business or funding any significant capital expenditures.
Commercial funding can be utilized for day-to-day overhead costs, or to completely revamp and grow your current business. One way to grow your business is to purchase or invest in real estate that will be used by your enterprise.

COMMERCIAL LOANS CAN
HELP PROVIDE YOUR
BUSINESS WITH THE
FUNDING IT NEEDS

WHAT IS COMMERCIAL
REAL ESTATE
CLASSIFIED AS?

Commercial real estate is one of the highest asset classes, and is ranked third behind stocks and bonds. Commercial real estate is a fascinating asset class, because despite being valued at $8.8 trillion dollars, it is often funded primarily through debt. Historically funded by debt, commercial entrepreneurs and proprietors often seek loans and other forms of commercial real estate financing to fund their projects.

Here are 8 types
of commercial
real estate:

COMMERCIAL LOANS CAN HELP PROVIDE YOUR BUSINESS WITH THE FUNDING IT NEEDS

WHAT IS COMMERCIAL REAL ESTATE CLASSIFIED AS - photo graphics glasses notebook man holding pen using calculator

WHAT IS COMMERCIAL REAL ESTATE CLASSIFIED AS?

Commercial real estate is one of the highest asset classes, and is ranked third behind stocks and bonds. Commercial real estate is a fascinating asset class, because despite being valued at $8.8 trillion dollars, it is often funded primarily through debt. Historically funded by debt, commercial entrepreneurs and proprietors often seek loans and other forms of commercial real estate financing to fund their projects.

Multifamily

(refers to multiple residential
units in one building)

Retail

Hospitality &
Hotels

Office

Industrial

(refers to multiple residential
units in one building)

Land

Special
Purpose

(Amusement Parks,
Churches, Schools, Theatres)

Mixed Use

(Property with mixed use that
falls under multiple asset
classes. For example, an
apartment building with a retail
space on the ground floor)

Here are 8 types of commercial real estate:

Multifamily

(refers to multiple residential units in one building)

Retail

Hospitality & Hotels

Office

Industrial

(refers to multiple residential units in one building)

Land

Special
Purpose

(Amusement Parks,
Churches, Schools, Theatres)

Mixed Use

(Property with mixed use that falls under multiple asset classes. For example, an apartment building with a retail space on the ground floor)

WHAT IS COMMERCIAL
REAL ESTATE LENDING?

Commercial real estate lending is a type of commercial lending designed for non-residential real estate that is intended to produce revenue. For example a mall, a nail salon, a hotel, a hospital, a warehouse, an apartment complex, a storage facility and an office building are all considered commercial real estate. The technical difference between a residential space and commercial space is that a residential space can have a maximum of 4 residential units. Anything with more than 4 residential units is considered a commercial property. A real estate investment loan can be used solely for the latter – for investing in residential property, but not for commercial property.

WHAT KINDS OF
COMMERCIAL LOANS
EXIST?

There are numerous
distinctions between the
kinds of commercial loans
available

Here are a few of the
most popular types of
commercial loans:

WHAT IS COMMERCIAL
REAL ESTATE LENDING?

Commercial real estate lending is a type of commercial lending designed for non-residential real estate that is intended to produce revenue. For example a mall, a nail salon, a hotel, a hospital, a warehouse, an apartment complex, a storage facility and an office building are all considered commercial real estate. The technical difference between a residential space and commercial space is that a residential space can have a maximum of 4 residential units. Anything with more than 4 residential units is considered a commercial property. A real estate investment loan can be used solely for the latter –
for investing in residential property, but not for commercial property.

WHAT IS COMMERCIAL REAL ESTATE LENDING - photo graphics three people standing near building woman pointing at something

WHAT KINDS OF COMMERCIAL LOANS EXIST?

There are numerous distinctions between
the kinds of commercial loans available

Here are a few of the most popular types of commercial loans:

Commercial
property loans

are a category of loan that can be used to develop, renovate and purchase property for your business. There are also commercial property loans designated for construction and refinancing.

A business
acquisition loan

can be used to help you purchase an already existing business or franchise.

A business
line of credit

allows borrowers to gain access to a set limit of funds that can be used on demand.

Bridge
loans

are a temporary solution to provide you short term funding while you secure a more permanent funding option.

Equipment
financing loans

concern loans used to finance business-related equipment such as vehicles, industrial ovens and computers.

Hard money
loans

are commercial loans that are issued based on collateral rather than just credit score.

Inventory
financing loans

are loans that can help you cover expenses to purchase inventory for your company, typically in the form of a short term loan or line of credit.

Short and long term
working capital loans

are a perfect solution to helping your business stay on top of daily overhead costs.

SBA (Small Business Administration)

loans refer to government issued loans that help businesses grow and expand. The SBA can issue loans of up to $5 million while charging reduced interest rates.

HOW TO APPLY
FOR A COMMERCIAL
PROPERTY LOAN:

To apply for a commercial loan, you will need a credit score of around 660. You will also need to show that you have been in business for at least 2+ years. Because almost half of all new businesses fail, lenders want to see that your company is profitable, solid and a quality loan applicant. Finally, you will want to prove that your business has stable annual revenue through a balance sheet or via growth projections. Some lenders would like to see at least $50,000 in annual revenue from their borrowers.

However, unlike a residential loan which is issued to an individual borrower, in the case of a commercial loan, the loan is issued to a corporation, developer, fund or trust. That being said, lenders will often look at both your personal credit score and your company’s credit score when assessing your eligibility.

Lenders will also consider collateral as a potential requirement necessary to secure your loan. This is a requirement for any hard money loan. They will also want to see your financial documents and information regarding your general financial preparedness. For example, lenders will want to see your company’s debt-to-income ratio and that you have paid back previous money that you’ve borrowed. Be sure to prepare bank statements that show your profit and loss reports as well as tax returns.

To apply for a commercial loan, you must prepare all the documents outlined by the lender of your desired loan. Every lender is different, so be sure to do your research before you submit your application. These days, many business and commercial loan applications can be completed entirely online. Be sure to use a loan calculator to understand the financial burden of your loan.

ARE COMMERCIAL
LOAN RATES
ON THE RISE?

Commercial loan rates are typically higher than standard residential mortgage rates, but only about 0.50-1.00% higher. Interest rates have been increasing steadily throughout 2022 and are not expected to stop rising. Current commercial loan rates and commercial real estate loan rates are slated to be even higher come 2023.

WHAT ARE
COMMERCIAL LOAN
REPAYMENT TERMS?

There are numerous loan terms available for commercial borrowers. Unlike residential loans that can be issued for 30 years, commercial loans typically have shorter term amounts (usually between 5 and 20 years).

LONG TERM FIXED
INTEREST COMMERCIAL
LOANS

are typically issued for 5-10 years with static interest rates ranging between 4-7%.

commercial real
estate
refinancing loan

allows you to refinance your loan for a lower interest rate, if interest rates do fall.

THINGS TO DO
TO LOWER YOUR
MORTGAGE RATE

(sometimes called balloon loans) are issued for 3-7 years. Under an interest only loan, you make monthly interest payments that do not go towards the total loan balance. At the end of the term, you are expected to make a large balloon payment and refinance your loan to pay off your debt. The loans are issued under the expectation that your company will profit and be able to pay the full amount due towards the end of the term.

ARE SMALL BUSINESSES ELIGIBLE FOR COMMERCIAL BORROWING?

Theoretically, yes, however it is often difficult for small businesses to access commercial funding.

Unfortunately, small businesses are frequently excluded from a number of commercial and corporate funding schemes. This is because lenders do not think that small businesses have the capital or financial stability to be able to repay. However, small businesses can seek alternative and non-traditional commercial lending options.

NON-TRADITIONAL COMMERCIAL LENDING OPTIONS

There are options for newer businesses who do not meet rigid loan requirements of banks to receive lending from alternative lenders. These alternative lenders can issue funding such as a business line of credit, a micro enterprise loan and a merchant cash advance.

COMMERCIAL FINANCING MADE EASY
APPLY FOR A COMMERCIAL
LOAN ONLINE TODAY

GROW YOUR BUSINESS
THROUGH A BUSINESS
PROPERTY LOAN FINANCE
COMMERCIAL PROPERTY
TODAY

APPLY FOR A COMMERCIAL
LOAN ONLINE WITH LOAN
CONSULTING PRO:

Loan Consulting Pro is an expert in the digital lending arena.
We work with experts in the financial, real estate and mortgage brokerage industry to provide adequate lending solutions for all types of borrowers.

HOW TO APPLY FOR A
COMMERCIAL PROPERTY LOAN:

To apply for a commercial loan, you will need a credit score of around 660. You will also need to show that you have been in business for at least 2+ years. Because almost half of all new businesses fail, lenders want to see that your company is profitable, solid and a quality loan applicant. Finally, you will want to prove that your business has stable annual revenue through a balance sheet or via growth projections. Some lenders would like to see at least $50,000 in annual revenue from their borrowers.

HOW TO APPLY FOR A COMMERCIAL PROPERTY LOAN - photo graphics man holding Ipad
Residential loan - photo graphics man looking at screen with credit score written on it

However, unlike a residential loan which is issued to an individual borrower, in the case of a commercial loan, the loan is issued to a corporation, developer, fund or trust. That being said, lenders will often look at both your personal credit score and your company’s credit score when assessing your eligibility.

Lenders will also consider collateral as a potential requirement necessary to secure your loan. This is a requirement for any hard money loan. They will also want to see your financial documents and information regarding your general financial preparedness. For example, lenders will want to see your company’s debt-to-income ratio and that you have paid back previous money that you’ve borrowed. Be sure to prepare bank statements that show your profit and loss reports as well as tax returns.

Secure your loan - photo graphics woman holding pan and paper
Apply for a commercial loan - photo graphics man typing on laptop

To apply for a commercial loan, you must prepare all the documents outlined by the lender of your desired loan. Every lender is different, so be sure to do your research before you submit your application. These days, many business and commercial loan applications can be completed entirely online. Be sure to use a loan calculator to understand the financial burden of your loan.

ARE COMMERCIAL LOAN RATES
ON THE RISE?

Commercial loan rates are typically higher than standard residential mortgage rates, but only about 0.50-1.00% higher. Interest rates have been increasing steadily throughout 2022 and are not expected to stop rising. Current commercial loan rates and commercial real estate loan rates are slated to be even higher come 2023.

ARE COMMERCIAL LOAN RATES ON THE RISE - photo graphics man holding pan and clipboard with charts and graphs

WHAT ARE COMMERCIAL LOAN REPAYMENT TERMS?

There are numerous loan terms available for commercial borrowers. Unlike residential loans that can be issued for 30 years, commercial loans typically have shorter term amounts (usually between 5 and 20 years).

LONG TERM FIXED INTEREST COMMERCIAL LOANS

are typically issued for 5-10 years with static interest rates ranging between 4-7%.

commercial real estate refinancing loan

allows you to refinance your loan for a lower interest rate, if interest rates do fall.

THINGS TO DO
TO LOWER YOUR MORTGAGE RATE

(sometimes called balloon loans) are issued for 3-7 years. Under an interest only loan, you make monthly interest payments that do not go towards the total loan balance. At the end of the term, you are expected to make a large balloon payment and refinance your loan to pay off your debt. The loans are issued under the expectation that your company will profit and be able to pay the full amount due towards the end of the term.

ARE SMALL BUSINESSES ELIGIBLE FOR COMMERCIAL BORROWING?

Theoretically, yes, however it is often difficult for small businesses to access commercial funding.
Unfortunately, small businesses are frequently excluded from a number of commercial and corporate funding schemes. This is because lenders do not think that small businesses have the capital or financial stability to be able to repay. However, small businesses can seek alternative and non-traditional commercial lending options.

ARE SMALL BUSINESSES ELIGIBLE FOR COMMERCIAL BORROWING - photo graphics man sitting at office table typing on laptop
NON-TRADITIONAL COMMERCIAL LENDING OPTIONS - photo graphics phone dollar bills paper documents laptop calculator

NON-TRADITIONAL COMMERCIAL LENDING OPTIONS

There are options for newer businesses who do not meet rigid loan requirements of banks to receive lending from alternative lenders. These alternative lenders can issue funding such as a business line of credit, a micro enterprise loan and a merchant cash advance.

COMMERCIAL FINANCING MADE EASY
APPLY FOR A COMMERCIAL LOAN ONLINE TODAY

GROW YOUR BUSINESS THROUGH A BUSINESS PROPERTY LOAN FINANCE COMMERCIAL PROPERTY TODAY - photo graphics commercial loan application process

GROW YOUR BUSINESS THROUGH A
BUSINESS PROPERTY LOAN FINANCE
COMMERCIAL PROPERTY TODAY

APPLY FOR A COMMERCIAL LOAN ONLINE WITH LOAN CONSULTING PRO:

Loan Consulting Pro is an expert in the digital lending arena.
We work with experts in the financial, real estate and mortgage brokerage industry to provide adequate lending solutions for all types of borrowers.