Capital to Fuel Your Business Ambition
Whether you're acquiring property, expanding operations, or refinancing debt, our commercial loan solutions provide the capital you need to grow and succeed.
What is a Commercial Loan?
A commercial loan is a debt-based financing instrument used for business purposes, secured by a lien on a commercial property. Unlike residential loans, which are for personal or family use, commercial loans are provided to legal business entities such as LLCs, corporations, or partnerships, rather than individuals.
Why offer Commercial Loan?
Borrowed Capital
Use borrowed funds to finance your business needs.
Secured by Property
The capital is secured by a commercial property, reducing risk.
Achieve Your Goal
Used to achieve a specific business expansion or investment goal.
Rate Sheet
Current U.S. Prime Rate + Margin = Note Rate
Eligibility Requirements
Property requirements
- Eligible types: Stabilized office, retail, light industrial/warehouse, multifamily (5+ units), self-storage.
- Ineligible types: Specialized properties like gas stations, hotels, or restaurants are typically financed through different, more specialized programs.
- Environmental: the property must have a clean Phase I Environmental Site Assessment (ESA) to ensure there is no soil or groundwater contamination.
- Occupancy: can be for an owner-occupied property (your business occupies at least 51%) or an investor property.
Borrower & guarantor requirements
- Borrowing entity: loans are made to a legal business entity (e.g., LLC, S-Corp), not an individual.
- Personal guarantee (PG): a PG is required from all individuals who own 20-25% or more of the borrowing entity. This makes them personally responsible for the debt if the business defaults.
- Post-closing liquidity: guarantors must show they have sufficient personal funds remaining after closing, typically equal to 6-12 months of total mortgage payments.
Standard application documents
- Business tax returns: 3 years of federal tax returns for the subject business.
- Personal tax returns: 3 years of personal federal tax returns for all principal owners/guarantors.
- Other business financials: 3 years of tax returns and existing loan information for any other businesses owned by the guarantors.
- Personal financial statement (PFS): a current, detailed PFS for each guarantor.
- Resume: a professional resume for each guarantor, highlighting their experience in managing similar properties or in the relevant industry.
Additional documents for a refinance
- Promissory note: a copy of the existing promissory note for the loan being refinanced.
- Security agreement: the security agreement from the current loan.
- Payment history: an official payment history from the current lender.
- Billing statement: the most recent billing or mortgage statement.
How to apply for a Commercial Loan
1
STEP 1
Initial consultation and pre-approval
- We will discuss your business's financial situation, the specific purpose of the loan (e.g., real estate purchase, equipment finance, working capital), and your business's financial profile.
- We will guide you through the pre-qualification or pre-approval process. This involves analyzing your business's Debt Service Coverage Ratio (DSCR) and capital needs to estimate the loan amount and terms you may receive.
2
STEP 2
Gather required documentation
- Business financial: business tax returns (past two to three years), year-end and interim financial statements, detailed business plan and company history.
- Guarantor financial: personal financial statements, personal tax returns (past two years), personal credit reports (we will obtain).
- Property / collateral documents (if real estate): purchase contract (if buying), rent roll (if income-producing property), environmental questionnaire or report, appraisal and title information (requested later).
3
STEP 3
Submitting the application
- We will check with multiple lenders and compare their offers to secure the best rates and terms available to you. We then submit your complete application package to the most suitable lender.
Our approved lenders
We shop your scenario across our commercial lending network and bring back the best fit.
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