Programs 3 | Assurance Commercial

Qualifying for a commercial loan follows a different process because, not only will the lender need to take your personal finances into account, but they’ll also need to consider the financial status and potential of your business. Among other considerations, here are the ways our dedicated professional team will assist and consult on how you can demonstrate these qualifications when applying for a commercial loan:

Successful Business Plan
Management Experience
Financially Fitness
Profitable Business

Loan Programs

Because the needs of business owners vary widely, there are many types of commercial loans that you can apply for depending on your specific situation.

Traditional Commercial Real Estate Loan

Similar to a home loan, this type of commercial real estate loan requires a down payment, an established business and income, and excellent credit to qualify. The structure is similar to a traditional home mortgage.

Commercial Bridge Loan

A short-term solution for business owners who need time to find a more permanent structure or location for their business.

Commercial Permanent Loan

For business acquisition, working capital, refinancing (Refi), or construction projects.

7(a) Loan

Backed by the U.S. Small Business Administration, these loans are for both newer and established business owners looking to purchase owner-occupied properties, with loan amounts up to $5,000,000. These loans have higher costs but allow for lower down payments and more flexibility for lenders since they are backed by the government, similar to home loans.

This loan is like the SBA 7(a) loan but is designed specifically for the purchase of fixed assets (such as manufacturing facilities or any owner-occupied building). Typically, it requires 10-15% down from the borrower, with the lender providing a first mortgage for 50% of the loan and the SBA covering the remaining portion.

A construction loan is a type of business loan designed to help your company cover the costs associated with building or renovating structures. These are typically short-term loans.

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Agricultural loans help investors to purchase land, equipment, and improve their operations. A variety of USDA programs are available to support the development and improvement of rural America. 

Farmer Mac guarantees agricultural mortgage-backed securities, aiming to foster a secondary market for agricultural real estate and rural housing loans.

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