We are excited to announce our Commercial Division at LBC Mortgage!
Don’t miss the best financing option for your business growth! LBC Mortgage brings you access to commercial capital for all your commercial properties. We work with property owners and investors to customize financing solutions for all types of commercial real estate.
What is a commercial loan?
Commercial real estate (CRE) refers to any income-producing property that is used for business purposes, such as office buildings, retail centers, warehouses, and apartments. Commercial loans are typically used to finance the purchase or refinance of commercial properties.
What is the commercial loan amount?
The loan amount is based on the value of the property and the borrower’s ability to repay the loan.
CRE loans typically have shorter terms than residential mortgages, and can be used for financing different types of real estate businesses:
- Apartment buildings
- Business acquisitions with Real Estate
- SBA 7(a) and 504 Loans
What is a 7(a) Loan Program?
The 7(a) loan program is the primary program of the Small Business Association (SBA). It provides financial assistance to small businesses that may not be able to get loans from traditional lenders. The program is named after section 7(a) of the Small Business Act, which authorizes the SBA to provide financial assistance to small businesses. The 7(a) loan program offers a variety of loan types, such as term loans, working capital loans, and disaster assistance loans. Loan amounts can vary from a few thousand dollars to over $5 million. In most cases, the interest rate on a 7(a) loan is lower than the rate on a traditional bank loan. The repayment terms can also be more flexible.
If you are thinking about starting or expanding a small business, the 7(a) loan program may be worth considering.
What is a 504 Loan?
A 504 loan is a type of financing that is typically used to help small businesses expand or improve their facilities. The loan is named after the section of the Small Business Act that created the program, and it is administered by the U.S. Small Business Administration (SBA). The 504 loan program provides long-term, fixed-rate financing for major capital investments, such as the purchase of land, buildings, or equipment.
If you are thinking about applying for a 504 loan, be sure to work with LBC Mortgage.
How do commercial loans work?
Get financial solutions for your business in just a few clicks!
- Apply securely by submitting an application
- Get a free consultation from our loan advisor
- Start using the money to grow your business
Commercial loans provide great opportunities for a real estate business to grow. By taking out a commercial loan from LBC Mortgage, you can get the financing you need to expand your business and reach new heights. We offer some of the best rates and terms in the industry, so don’t hesitate to contact us today to learn more about what we can do for you.