Commercial Loans:
How To Get Approved In Today's Tough Credit Market!


Commercial loans, and getting approved for them, are getting harder and harder in today's tough economy. Since commercial loans aren't backed by any governmental entity, like Fannie Mae, which guarantees residential mortgages, commercial lenders tend to be very conservative when it comes to taking on risk.


In addition to considering a borrower's personal credit, the business' credit is also weighed. Other factors, like commercial property and other assets, are also looked at to serve as collateral.


Because of the greater risk involved. these loans may also cost a higher interest rate.


Commercial Loans And
Bank Approval Challenges

Most bank commercial loans require an earlier due date that the entire loan balance comes due.


This is called a balloon payment. Borrowers typically pay principal and interest payments at a stated interest rate for the first few years of the loan.


At some point (usually 5 or 10 years), the entire loan balance comes due.


If the borrower doesn't have, or hasn't saved enough money to satisfy the final balloon note, they end up having to refinance the loan.


This also requires that they qualify for this refinance. If they don't qualify and can't get the refinancing, they risk foreclosure of their property.


A borrower can also be turned down for refinancing if the bank deems the borrower is in a "risky" business (think of the high tech, dot-com bubble that burst in the last decade) at the time the balloon payment comes due.


A bank might also decide that its loan portfolio is too heavily weighted, or favoring a particular industry vertical, and turn down future refinancing for that business.


Also, bank commercial loans can take several weeks, or even months to fund.


Besides having to have good to excellent credit, banks usually want to see several years tax returns (3-5 years), profit and loss balance sheets, income statements, articles of incorporation documents, as well as all the owners who will sign off on the loan and their personal financial records.


Even after getting a written or verbal commitment a bank's credit department might still ultimately deny the loan, forcing the borrower to start the credit application process all over again.


Banks can also make additional demands on your business, called covenants. For instance, they might require a business to maintain a certain positive cash flow, or debt to cash flow ratio. If the business falls below this, the loan could default, and the bank demand immediate full repayment.


If the business can't find another funding source quickly enough, they could face foreclosure.


Commercial Loans via Private Lenders

Private lenders are increasingly becoming a more attractive solution when it comes to commercial loans.


Because they aren't regulated by the FDIC, private lenders are able to make underwriting decision based on their own guidelines.


Private lenders generally have less stringent credit requirements than traditional banks. These days, private investor funds can offer interest rates that are competitive with bank rates.


They also don't usually carry the final balloon payment that banks typically demand, but rather offter steady payment schedules over 20-30 years.


Private lender-sourced loans usually close and fund much quicker than bank loans. Instead of the weeks to months that banks can take to fund, private lender loans can close in less than 30 days, or even quicker. They also usually ask for less documentation, which quickly speeds up the loan approval and funding time frame.


Business-Funding-Advisors.com
Can Help You Get Approved!

Business-Funding-Advisors.com is very experienced in providing commercial loans to our clients. Because we work with private lenders, we have money available to lend when traditional banks do not.


Since we're not regulated by the FDIC, we are able to make underwriting decisions based on our own guidelines.


This not only means that we can approve more loans , we can get them funded much faster!


We work with all businesses, small, medium and large. And we offer a wide range of financial products, providing you with much-needed funding in your business.


We have an extensive network of private lending sources to meet your business' funding needs. These private lenders are aggressively positioned to fill the vacuum left by conventional banks.



From commercial real estate, working capital loansmezzanine financing, bridge and hard money loans, and church financing, to medical/dental financing, commercial truck loans are just a small sample of the types of projects we can fund. See below for more details.



Program Details:


· Loan Size: $100,000- no maximum

· up to 90% LTV

· interest rates as low as 3.24%

· fixed and variable rate programs

· SBA programs

· Closing time: 30-45 days


Available Loan Programs:


· Acquisitions/Refinances

  • · Term Loans
  • · SBA loans with/without Real Estate
  • · Non-Profit/Religious Organization Loans
  • · Construction/Renovation Loans
  • · Hard Money/Private Investor


Property Types:


  • - Multifamily/Mixed Use
  • - Office Buildings
  • - Strip Malls
  • - Owner Occupied Specialty Property
  • - Physicians/Veterinarian/Medical Loans
  • - Franchises
  • - Athletic Clubs
  • - Restaurants/Bars/Catering Halls/Diners
  • - Gas/Service Stations/Auto Body
  • - Non-Profit and Religious Organizations
  • - Marina
  • - Hotels/Motels/Bed and Breakfast
  • - Light Industrial
  • - Storage Facilities
  • - and more...


If you need a commercial loan for your business, 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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Be sure to visit these pages for additional information:


- commercial property loan

- commercial bridging loan

- commercial refinance loan

- commercial truck loans

- commercial building loan

- small business commercial loan

- unsecured commercial loan

- commercial loan bad credit

working capital loan


- mezzanine financing

- commercial land loan

- commercial loan rates

- commercial business loan

- commercial financing

- commercial lender

- commercial hard money loan

- commercial construction loan




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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

___________________


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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Contact Us


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