Commercial Loans

A commercial loan operates a little differently from a residential mortgage. Instead of using a home as collateral, Commercial Loans Florida companies apply for are typically secured by business properties like office buildings, retail centers, or warehouses. Additionally, commercial mortgages are usually held by business entities, not individual borrowers, which makes the process slightly more complex than a traditional home loan.

Assessing creditworthiness for commercial mortgages involves several factors, including business revenue, operating history, and property value. But don’t worry that’s where we come in. At Loan Factory, Inc., we take pride in helping businesses navigate this exciting (and sometimes overwhelming) journey with ease.

Interest Rates

Most commercial loans today feature fixed interest rates, offering stability and protection against sudden market changes. Fixed rates ensure your monthly payments stay predictable. Some borrowers, however, choose variable rates to take advantage of initially lower payments with the understanding that rates (and payments) may rise over time.

Loan Repayment Schedules

Unlike residential mortgages, many commercial loans involve a balloon payment structure. This means you’ll make smaller monthly payments for a period, followed by one larger final payment to complete the loan. Typically, longer repayment terms may come with slightly higher interest rates.

Ready to Take the Next Step?

Growing your business starts with the right financial partner. Let us help you explore your options for Commercial Loans Florida businesses depend on. 

For a more detailed and personalized assessment of commercial mortgage qualifications please email or call 919-720-5875 today and speak with one of our commercial loan specialists.