Commercial Loans

Term Loans
Term loans are traditional loans with a set repayment schedule and either a fixed or variable interest rate. These loans are typically used for acquiring capital assets, expanding operations, or large investments in a business's growth. They are suitable for established businesses with a strong financial history.

SBA Loans
The U.S. Small Business Administration (SBA) guarantees these loans, which are provided by participating lenders. SBA loans offer favorable terms, including lower down payments and interest rates, to support small businesses. They can be used for various purposes, including working capital, purchasing real estate, or equipment.

Bridge Loans
Bridge loans are short-term financing options used to "bridge" the gap between immediate funding needs and longer-term solutions. They're often used in real estate transactions to cover the purchase price of a new property before the current one is sold. These loans have higher interest rates and are typically expected to be repaid within a year.

Commercial Mortgages
Similar to residential mortgages but for commercial properties, commercial mortgages are long-term loans used to purchase or refinance commercial real estate. The property itself usually secures the loan, and terms can vary widely based on the type of property, the borrower's creditworthiness, and the intended use of the property.

Construction Loans
Construction loans provide funding for the construction or major renovation of buildings. These loans cover project costs before long-term funding is secured. They are short-term, typically up to a year, with variable rates that reflect the higher risk of construction projects. Interest is usually payable only on the portion of the loan disbursed, with the full loan amount due upon completion of the project.

Each of these loan types has its specific qualifications, benefits, and drawbacks. When considering a loan, it's crucial to consult with a financial advisor or lender to find the best fit for your financial situation and goals.