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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…

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…