Conventional Loans

Conventional loans are provided by both traditional banks and non-bank alternative lenders to small businesses for meeting their short-term, intermediate-term and long-term business financing needs. These loans include:

Business Term Loans: A term loan is what most people think of when they think of business lending. A term loan is just a standard business loan often used for large capital purchases or capital improvements. Term loans are provided by both traditional banks and non-bank alternative lenders and are typically used for:

  • Business acquisitions or business expansion
  • Equipment, inventory, or automobile purchase
  • Property improvements or expansions
  • Refinancing existing debt
  • Permanent working capital
  • And more..

Business Property Loans: A business property loan can be used to purchase or refinance an owner-occupied business property including, but not limited to:

  • Gas stations
  • Convenience stores
  • Grocery stores
  • Restaurants
  • Warehouses
  • Auto repair shops
  • Various retail and other businesses

Commercial Real Estate Loans: A commercial real estate loan can be used to purchase, expand, remodel, build, or refinance income-generating properties including, but not limited to;

  • Hotels/Motels
  • Shopping centers
  • Retail centers
  • Office buildings
  • Multi-family properties
  • Mixed-use properties

Franchise Financing: In order to open a franchise, many small business owners need upfront cash in order to pay franchise fees and get their operation off the ground. Lenders provide franchise financing to small business owners interested in opening a franchise.

Conventional loans can be fixed rate and/or variable rate loans, amortizing or non-amortizing loans, may change a prepayment penalty, and may come with many strict loan covenants. Also, the loan approval is time-consuming and may require a good credit history and credit rating, collateral, a set of business projections, a strong business plan, and many other items like these.

As your independent business financing consultant, I have the experience, tools, and access to hundreds of business lenders nationwide to help you expeditiously and effectively navigate this complex and time-consuming process of loan approval. Let’s discuss your business financing needs and identify an ideal conventional loan for you together.