FAQ - What To Know About Commercial Loans.

Didier Malagies • March 23, 2022

As a business owner, you need to know why commercial loans are important, how it works, and what is available to you.

Please note: commercial real estate loans are different from other types of business loans. You'll need to discuss the specifics of your situation with your advisor to determine if you qualify and what types of loan terms you can expect. If you don't have a commercial advisor, contact DDA Mortgage today.


Here's the why, how, and what of commercial real estate.

Why I might need a commercial loan.


Here are some reasons why business owners may want to consider a commercial loan.


Build equity in your company.


With a commercial loan, you'll begin to build equity in your company's future and can get cash for renovation or expansion projects. If you're renting a space, you'll actually be helping the owner build equity and pay their mortgage — which may not be the best use of your hard-earned money.

Have certainty about your location.


Owning your own property means you don't have to worry about whether or not you'll have a place to run your business from if your landlord decides to sell. You'll also have control over the type of renovations and upgrades that are done, because it's your building!


Good investment for the business.


For many businesses, real estate is a good investment because it typically appreciates over time. Depending on the type of commercial loan you choose, owning real estate may give you tax advantages as well — but be sure to speak with an accountant before making any decisions on this front.


Build business assets.


By purchasing a building or property, you're investing in real assets that can help build wealth for the future of your business and your family (and we're not talking about just financial wealth).

How The Commercial Loan Process Works


The process is relatively easy. You will contact a loan officer to start your application. We prefer you contact us, 727-784-5555. Next, you will discuss your circumstances, income, and ideal property to determine the best loan type for you. After that, you will start the application and collect all the documentation needed to process the loan. Your documentation requirements will be dependent on your loan type. Once everything is ready for processing, you will submit your application and we will find you a lender. Finally, your loan will be reviewed by underwriting and you can close on a property.

What loans can I get?


To learn more about what loans you can get check out our FAQ - What Real Estate Loan Is Best For Small Businesses? Or call us, 727-784-5555, and talk to a commercial loan advisor.


Learn more about Commercial Real Estate.


Have A Question?

Use the form below and we will give your our expert answers! Or scroll down for more FAQs and Answers.

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If you need working capital for your business, you’ve come to the right place. We can get you up to $150,000 in financing in as little as 2 weeks. And unlike traditional banks and other lenders, we are here to help you throughout the process to make sure you get funded. Our program is designed to give businesses like yours access to cash when they need it most. The best part? There is no cash flow analysis, no debt refi, no equipment requirement - just working capital. You can get 30% of your top line, gross revenue from your last tax returns. To qualify for the loan you will need: To be self-employed for 2 years. Have a 680 FICO score or higher. Have a 155 biz score or higher. Access to working capital can help your business in many ways: Working capital loans can help with covering payroll. Some businesses have cash flow problems because they have to pay their employees before they get paid. This can be a problem for startups, especially if the business owner is also an employee. Working capital loans can help you cover payroll and other expenses until you receive payment from clients. Working capital loans can help with buying inventory. The cost of inventory is one of the biggest expenses for most businesses. Working capital loans can help you buy inventory quickly and easily so that you don't have to wait for your customers to pay their bills before they can receive it. Working capital loans can help with rent and building expenses. Rent and building expenses are ongoing costs that must be paid every month regardless of whether or not there have been any sales in that month. Working capital loans help businesses pay these bills on time so that they don't fall behind. There is no obligation to start the lending processes. Just an obligation to yourself to figure out what's best for you. Find out more about how much you can borrow to help you finance your working capital! Complete the form below and one of our advisors will reach out to you. Or, give us a call at (727) 784-5555 and we will be happy to answer all of your questions.
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