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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