THE KEY TO YOUR NEXT COMMERCIAL SPACE
Business real estate loans are similar to personal home mortgages and yet are so very different. This type of business loan provides financing to purchase commercial property. You can purchase a commercial space for your business to operate in or an income-generating commercial property to rent out to other businesses. Business real estate loans are secured by the value of the property. Most business loans are term loans. There are also special programs such as the SBA 7A or 504 loan products that have specific benefits for borrowers.
What are business real estate loans used for?
Business real estate loans are used to purchase income-producing properties that will be used solely for business activity. This includes retail properties such as shopping centers as well as office buildings, hotels, and restaurants. Business real estate loans can also be used to develop and construct commercial properties.
How to apply for commercial real estate loans
To begin preparing for your business mortgage application, gather the following information:
- Business and personal tax returns
- Financial records and reports
- Details on collateral
- Personal financial statement
Apply for a new business real estate loan or refinance!
Founded on invention and built on community support, Horicon Bank continues to innovate the way we do banking. And our commitment to the community has only grown stronger. With better banking options for our customers’ lives and a strong tie to our community roots, Horicon Bank is your digital community bank! To learn more about commercial real estate loans or to start the application process, contact our team of business lenders or visit your nearest location in Appleton, Beaver Dam, Fond du Lac, Green Lake, Horicon, Iron Ridge, Markesan, Mayville, Neosho, Oshkosh, Randolph, Ripon, Waupun, or West Bend, WI.