New Fortune Awaits in Commercial Lenders Directory

Types of Commercial Loans Available

Commercial loans come in various forms, each designed to address distinct business needs. Common types include:

• Term Loans: These are standard loans with fixed interest rates and repayment terms, suitable for long-term investments such as purchasing equipment or expanding facilities.
• Lines of Credit: Offering flexibility, lines of credit allow businesses to draw funds as needed, ideal for managing cash flow and covering short-term expenses.
• SBA Loans: Backed by the Small Business Administration, these loans offer favorable terms and lower down payments, making them accessible to small businesses with limited credit history.
• Commercial Real Estate Loans: Specifically for purchasing or refinancing commercial properties, these loans often have longer repayment terms and competitive interest rates.