Business Financing Programs
COMMERCIAL REAL ESTATE
If you are looking to purchase commercial real estate, you may qualify for commercial real estate financing. With this type of loan, you can get financing specially to purchase commercial property. You can obtain a loan from $75,000 to $20,000,000 using the property you are purchasing as collateral.
Rates are available under 8%, and you can get approved with a FICO score of only 650. You can typically secure loan-to-values of 65%, and sometimes higher depending on risk. And you can get loan terms of 30 years to help keep your payment low.
And you can also use this type of financing to borrow against commercial real estate you already own. So, you can get a cash-out refinance using your existing real estate as collateral. Conventional and SBA 504 loans are also available.