Commercial Loans
A commercial loan is a loan made to a business (not an individual) to finance business-related expenses.
These loans are often used for:
- Purchasing or refinancing commercial real estate
- Buying equipment, inventory, or vehicles
- Funding working capital or business expansion
Types of Commercial Loans
- Commercial Real Estate Loans- Buying or refinancing office buildings, warehouses, retail spaces, apartments (5+ units)
- SBA Loans- Government-backed loans for small businesses (e.g. SBA 7(a), SBA 504)
- Term Loans- Fixed loan amounts for large one-time needs
- Business Lines of Credit- Revolving credit for flexible cash flow management
- Equipment Financing- Buying machinery, vehicles, or tools
- Bridge Loans- Short-term financing while waiting for permanent funding or sale
Loan Features
- Loan Term- 1 to 30 years
- Loan Amount- $50,000 to $100M+
- Interest Rate- 5%–12%+ (varies by risk, lender, and type)
- Down Payment- Often 10%–30% (for real estate)
- Collateral- Often required (property, equipment, etc.)
- Credit/Financials Business credit score, tax returns, income statements, projections
Who Uses Commercial Loans?
- Small business owners
- Real estate investors buying commercial properties
- Developers and builders
- Corporations needing capital to grow or operate