Types of Commercial Loans in Alabama

Getting approved for commercial loans in Alabama can be difficult. There are several types of loans and figuring out what type you need, or can qualify for can be a job in itself.


So where do you go to find out which one is right for you? There are private lenders in Alabama that can assist you with this.


Below are a few types of loans that lenders can offer you. It is up to you to decide which one to apply for, and then find a lender that handles the type of loan.


Commercial Loans in Alabama

Often when applying for commercial loans in Alabama, banks, investors, and other financial institutions require documentation.


They are looking for things like profit and loss statements, balance sheets, income statements, as well as your personal and/or business tax returns. 


Many banks want to see 3-5 years of previous years tax returns, where many private lenders might consider only 1-2 years previous returns. 


Construction Loans in Alabama

Construction loans are different, in that they typically cover the period of the construction project.


Generally, up to 6 months turn around. Some lenders set up an interest only payment plan, and others pay off the loan within that time. 


If you are looking for assistance short-term until you can get the expansion project completed on the commercial property, perhaps someone else will be investing after the construction is done than this is a great way to gain capital for the project.


Understanding Your Alabama Bridge Loan

Bridge loans are usually used for businesses that are looking to expand and are interested in a short-term solution.


Bridge loans payback periods usually range from about 6 months to a year, and are expected to be paid off after the term is completed. 


If you are starting under new management, or are expecting a large investment payment, but need time, a bridge loan can help you continue with working capital until the payment is made. 


Finding a Private Hard Money Lender In Alabama


There are several hard money lender programs that are designed to help those that are high risk borrowers.


However they will require that you have a viable business plan and you'll need to  prove that your company is generating revenue, and can pay back the loan. 


Private lenders may also offer the borrower a bridge loan or hard money loan temporarily to allow the borrower to buy the property.


There are several options that a hard money lender can provide, and talking with them will help you decide what is the best solution for your business. 


Also, learn more about unsecured Alabama working capital loans and Alabama merchant cash advance programs.


Commercial  Loans in Alabama: Regional  Locations


Alabama has over 4 million residents, and is close to many rural rivers and streams full of lush plant life. This is great for the agriculture industry, and is ranked 23rd in the state. If you are looking for a great place to open or expand your business, take the time to review these cities for commercial loans in Alabama:



Auburn

Anniston

Albertville

Birmingham

Huntsville

Alabaster

Dothan

Decatur

Athens


Florence

Mobile

Fort Payne

Muscle Shoals

Montgomery

Phenix City

Gadsden

Tuscaloosa

Pratville

Private Hard Money Lenders in Alabama:

Business-Funding-Advisors.com Is Your Perfect Solution


Private lenders are a great solution to help fund your business, borrow for emergencies, or even every day expenses.


Finding the right private lender can be difficult but worth while. If you are looking for  private lenders or commercial lenders in Alabama,  fill out our quick form below. We will contact you within 24 hours.



QUICK COMMERCIAL LOAN APPLICATION


We provide FREE, no obligation evaluations, with no upfront costs, or expensive fees for approval to our private lender programs.


- Minimum loan amounts (for commercial building projects): $100K with no maximum.


(Loans approved for commercial only, not single-family residential projects.)


- No pre-payment penalties on programs offered.


We will respond to your loan application within 24 hours!


Commercial Loan App

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Merchant Cash Advance and

Working Capital Loan Programs

are available in:


Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming


Commercial loans are available in:


Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware,

 Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming


COMMERCIAL LOAN PROGRAM HIGHLIGHTS


Commercial Real Estate Programs

· Lending Area: Nationwide & International


· Loan Size: $100,000-no maximum


· Rates as low as 3.74%

· up to 90% LTV


APPLY HERE

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Commercial Development & Construction Loans

· National & International


· $2MM-$50MM


· Interest Rate: 5-9% Fixed (1% for churches)


· Amortization: up to 25 years


· Zero fees


· Points: Up to 3%, paid at closing


· Term: 5 yrs; also can structure a construction to permanent loan with interest only during draw down periods.


APPLY HERE

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Hard Money Loans Rates and Criteria:

· Loan Size: $100K-$100MM


· Lending Area: National & International


· Collateral: We lend to mainly on commercial real estate, including raw land and development projects


· Interest Rates: 7-14% (rates depend on collateral)


· Amortization: Interest only


· LTV: Up to 80%

· Origination Fee: 1-4%

· Closing time: 1 week to 30 Days


APPLY HERE

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Bridge Loans

· Loan Size: $1MM-$15MM


· LTV: Up to 75%


· Rate: 5-7%


· Term: 1-3 years, Interest Only


· Property Types: Office, Retail, Industrial, Multi-Family, Manufactured Housing, Condominiums, Self Storage, Special Use, Hospitality, Assisted Living/Congregate


APPLY HERE

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Unsecured Business Lines of Credit

· $25,000-$100,000 (start up businesses with no established revenue and business owner with good credit)


· $100,000-$500,000 (established businesses w/ revenue of $1MM or more; no collateral if good credit and financials)


· 0% intro rates on business credit card solutions, to 1-5% over prime for large credit lines.


· No "subprime" unsecured lines


APPLY HERE

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Click Here To Apply for A Business Cash Advance or Working Capital Loan


Bank ACH or Credit Cards


90% Approval Rates (for most industries)


- Minimum 4 months in business and $8,000 avg. monthly revenue


- No Collateral Requirements; Bad credit is OK


- One Week Funding


- Borrow $5K-$500K in as little as 24 hrs


- Short, simple loan process


- Streamlined underwriting

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Restaurant-Retail, 
Small Business Loan Program


  • · Unsecured Loans up to $1,000,000 per location

  • · No Collateral Required

  • · Minimum Annual Sales: $150,000

  • · Minimum: 550 FICO

  • · Must be in business at least 1 month to document sales

  • · Loan amounts below $150,000 require NO tax returns or financial statements


APPLY HERE

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Customer Finance Programs for Businesses

· Can finance your customers down to a 500 FICO;

can finance your turndowns from your current credit provider


· Instant online credit processing and approval


· E-signature capabilities


· Can purchase or collect bad debt portfolios


· Industries include: Medical, Dental, Jewelry Retail, Furniture, Memberships, Private school tuition, Security/Alarms, Vocational Schools, Travel, etc.


APPLY HERE

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Click Here to Apply for

A Private Lender Commercial Loan


- Zero upfront costs, zero fees for approval to our programs.


- Minimum loan amounts: $100K for commercial building projects, with no maximums.


- No pre-payment penalties on programs offered.

_________________


Click Here To Apply for A Merchant Cash Advance or Working Capital Loan


- Bank ACH or Credit Cards


- 90% Approval Rates (for most industries)


- Minimum 4 months in business and $8,000 avg. monthly revenue


- No Collateral Requirements; Bad credit is OK


- One Week Funding


- Borrow $5K-$500K in as little as 24 hrs


- Short, simple loan process


- Streamlined underwriting

_________________________


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