100 Commercial Loans for Growing Your Business

Growing your business requires a solid financial foundation, and commercial loans can help you achieve that. A line of credit loan can provide up to $500,000 in funding.

To qualify for a commercial loan, you'll typically need a minimum credit score of 650 and a stable income history. You'll also need a solid business plan and a clear understanding of your financial needs.

With a commercial loan, you can cover startup costs, expand your operations, or refinance existing debt. The loan terms and interest rates will vary depending on the lender and your creditworthiness.

Commercial loans can be secured or unsecured, and the interest rates range from 4% to 12%.

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To qualify for 100% SBA 7(a) commercial real estate financing, a borrower typically needs great personal and business credit, a significant amount of collateral, and a debt service coverage ratio (DSCR) of 1.25x or greater.

The business must occupy at least 51% of the property in question, and the building must be a general use or multi-use property. The SBA 7(a) loan program is available for various commercial real estate properties, including general and mixed-use buildings, medical and dental offices, and office condos.

Established businesses with solid, consistent cash flow are ideal candidates for 100% commercial real estate financing. They must have good credit and a DSCR of 1.15x or better, and the business must have a history of ownership.

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The Peoples State Bank offers a variety of loans to meet the needs of small businesses.

Short-term lines of credit are available to help with working capital or financing seasonal inventory.

Long-term loans can be used to finance equipment, other fixed assets, or real estate.

Interest rates and terms vary depending on several factors such as the financial strength of the borrower, the term of the loan, the size of the loan, and the type of collateral for the loan.

You'll need to bring a current personal financial statement, the last three years of personal and business tax returns, a schedule of current business debt, and a year-to-date balance sheet and income statement on your business when meeting with a loan officer.

To be eligible for 100% commercial real estate financing, your business must occupy at least 51% of the property, have solid, consistent cash flow, and meet a DSCR of 1.15x or better.

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Some lenders allow for well over 100% financing, including renovation costs, closing costs, other business debt, and working capital.

Here are some loan options for small businesses:

You'll need to provide additional security when applying for an SBA loan with 100% financing. This can be a property with equity in it, such as a different commercial property or your home.

Using your home as additional security comes with a significant risk, so it's essential to consider this carefully. Specialist lenders may consider business assets like a car or equipment used for your business, but they'll only lend up to a percentage of the asset's value.

The maximum age of the asset is also a factor, and guarantors may be an option, but they'll need to prove their affordability for the loan and take on the risk of being legally liable if you fail to make repayments.

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You can get 100% commercial real estate financing with an SBA 7(a) loan, but you'll need to meet strict requirements, including great personal and business credit, significant collateral, and a debt service coverage ratio of 1.25x or greater.

This type of financing is available for general and mixed-use buildings, medical and dental offices, office condos, professional office buildings, pharmacies, auto-repair businesses, pre-schools, and certain fast-food/quick service restaurant buildings.

To qualify, your business must occupy at least 51% of the property in question, and the building must be a general use or multi-use property. If you want to buy a business and a building, you'll need at least 10% down, although 5% of that can come from a seller note.

Some lenders also allow for well over 100% financing, including renovation costs, closing costs, other business debt, and working capital. This can be a game-changer for businesses that need to upgrade or renovate their space.

Here are some eligible building types for 100% SBA 7(a) financing:

Keep in mind that 100% CRE financing does not apply to business acquisitions, so you'll need at least 10% down if you're buying a business and a building.

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A mortgage is essentially a secured loan that allows you to buy or refinance a property. You can use it to buy a business premises, refurbish your business, develop a property, or release capital for your business.

There are two main types of commercial mortgages: owner-occupied and commercial investment mortgages. The latter is used to buy a property that you plan to rent out, while the former is used to buy your business premises.

Commercial mortgages can be applied to commercial and mixed-use properties and land, making them a versatile option for businesses. However, lenders consider 100% commercial mortgages to be very high risk.

A 100% commercial mortgage allows you to borrow the full purchase price of a property without a deposit. However, you'll need to provide additional security and pay a higher interest rate to benefit from this.

Lenders generally offer a loan-to-value (LTV) ratio of up to 65% for a commercial investment property and up to 75% for an owner-occupied property.

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We can arrange your 100% commercial mortgage, making it possible to secure funding for your business without needing to put up any of your own money.

At Trinity Finance, we've formed good relationships with specialist lenders offering niche mortgages, which means we can offer you a range of options.

Our commercial mortgage brokers will be on hand throughout the application process to guide you through it and negotiate the best rate and terms on your behalf.

Just give us a call on 01322 907 000 to discuss your eligibility for a 100% commercial mortgage and we'll do the rest.

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Small businesses can choose from a variety of loans to meet their needs, including short-term lines of credit for working capital or seasonal inventory.

The Peoples State Bank offers long-term loans to finance equipment, fixed assets, or real estate.

Interest rates and terms vary depending on several factors, including the financial strength of the borrower and the type of collateral for the loan.

To get a loan, you'll need to bring certain documents to your meeting with a loan officer, such as a current personal financial statement and the last three years of personal and business tax returns.

The bank requires this information to provide faster service and assess your creditworthiness.

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