Posts by Durante
Advantages of a Commercial Loan
The immediate benefit of a commercial loan is your business gets the money it needs to expand right away. You don’t need to wait until you’ve saved up from your existing revenues, which can take years. Since commercial loans divide the repayment schedule over a lengthy amount of time, often 10 years or more, your…
Read MoreTypes of Commercial Loans
Lenders break down commercial loans into different categories, depending on the goal of the loan and how it will be repaid. Some of the more common options on the market today include: Term loans — These are your standard loans with fixed monthly payments. When you apply, you pick how much money your business needs and…
Read MoreWhat Separates a Commercial Loan From Other Loans?
As you can guess from the names, one key way commercial loans are different from other loans is the amount of money you can borrow. While each lender will have their own standards, small business loans commonly max out at around $100,000. A commercial loan can go up to $500,000 and higher. The larger size…
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