Cracking the Code on Commercial Real Estate Loans

Financing is a big part of getting the right commercial location secured to start a small business. Here’s a few important boxes to check on where to find commercial real estate loans and how to get approved for one. Like the name implies, commercial real estate loans are a mortgage loan that applies to a commercial as opposed to a residential property. Commercial properties are those that produce business income. Commercial loans can be used to purchase office locations, retail stores and a variety of other places and buildings. There are some differences between commercial real estate loans and their residential counterparts. The terms are shorter on commercial loans that they generally range from five years or less to 20 years.