One way to grow your company is to physically expand your operations. Commercial and industrial loans can help you purchase land, property and developments to grow your business. Moreover, we can help you navigate all aspects of the application to ensure that you secure the best commercial construction loan rates.
When it comes to land development, there are several kinds of options. Consider a commercial land loan if you are looking to purchase a plot for your business or for future development.
Moreover, if you plan to lease the land or the property, you can apply for an Airbnb type loan, which is specifically designed for those who invest in rental properties. In all commercial property lending situations, the loan is backed by the asset which can make it slightly easier to qualify for than other kinds of unsecured loans.
Commercial building loan rates can vary depending on your lender, the state of the economy and current interest rates. When seeking a loan from the SBA you can expect to get rates as low as 2.2%, however, other lenders may charge around 18%. Depending on the lender, your loan terms and your financial credentials, commercial real estate loan interest rates can be quite affordable.