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Testimonials
<<Pause>>- Sam Mitchel
"We just closed on our new business. Thanks for all your help and guidance throughout the loan process. Our first attempt at getting financing through a major lendor without your help was a disaster. We were denied funding and were beginning to think that our dream would not become reality. After coaching us on the application process, you connected us with the right lender which proved to be the key to successfully obtaining the money we needed. Thanks a million!"
. . . Sam Mitchel - Bob Jones, Business Buyer
"I wanted to write a quick note and let you know how much I appreciate all your help in finding a lender for my business purchase. After being turned down by my first lender you were extremely helpful in coaching me to answer the questions appropriately. I knew that I had a good business opportunity, but I didn’t know how to present it properly and honestly don’t believe I would have found a lender without you. Thanks again for everything and most importantly getting me the loan for the business I purchased."
. . . Bob Jones, Business Buyer - Dr. P. Harps, Business Buyer, Chiropractic Practice
"Great job! My deal/loan was being botched by another lender I had selected who didn't really care and was going to fall through because of their unprofessionalism.
. . . Dr. P. Harps, Business Buyer, Chiropractic Practice - D. Wilson, Business Buyer
"TheCommercialloan place recently helped me secure a $1.2 million SBA loan for the purchase of this company. Without a doubt, they were instrumental in my successfully completing this transaction. You simplified and significantly reduced the time to complete the loan process. Without their constant assistance, I am certain I would still be stuck in the quagmire of the SBA loan process. They were professional, always available, and they always provided me with excellent and valuable advise and guidance. My contacing The Commercial loan place was the smartest thing I did when I decided to acquire this company. I would strongly recommend that they be the first call one makes when contemplating the purchase of a company."
. . . D. Wilson, Business Buyer - Michael A, Now Restaurant Owner
"I want you to know how much I appreciate everything! You teamed me up with a niche lender that was willing to loan me the money I needed to buy my restaurant… I had tried everything - banks, C-loans, and many other lending services and NONE of them got me anything except closer to giving up. Because of the complexity of the deal it made everything that much more difficult, but you were there every step of the way and made getting the money that much easier. You didn’t waste my time, responded to my emails quickly, and worked closely with the lending institution until the deal was finalized - this deal would not have been completed without your services!"
. . . Michael A, Now Restaurant Owner
Commercial Mortgage Calculator
Featured Article
| Why Understanding Your Commercial Loan Terms Is Important |
| One of the biggest mistakes that many business owners make for their business is signing an agreement for a commercial loan without completely understanding the loan and what it takes to satisfy the terms of the loan. Many business owners that are facing bankruptcy today are in the position that they are in because they took out a commercial loan without understanding how the loan would affect their business financially in the future. If you are considering getting a loan to finance your business, it is important for you to learn all that you can about commercial loans so that you can make an informed decision about which type of loan product to choose for your business. There are a number of different commercial loan products that can be chosen by a business owner that is looking to finance their business endeavors. Some of the commercial loan products are considered to be traditional, meaning that they have been used by many business owners over the last several decades, and some are considered to be exotic, meaning that they have only been in existence for the last few years to satisfy certain financial requirements or to give the business owner more loan options. Many business owners consider the traditional loan products to be the safer bet over the long term because it is easier to understand the terms of the loan and what is expected during the repayment of the loan, but some business owners use the more exotic types of loans for short term financing. One reason that a business owner may choose to obtain a commercial loan to finance their business is to expand their business or purchase the items that the business needs to operate. In these cases, the commercial loan terms need to reflect the fact that the business owner will not be able to make high payments on the loan until they have obtained more business or sold the inventory that they have purchased. The terms of the loan should be an amount that the business will be able to pay easily during the expansion and have an interest rate that is low enough that the business can still price their items competitively. There are many different factors that may be used to determine the interest rate that you are offered on your commercial loan. The credit worthiness of the business will be a large part of the calculation, but the lender that is chosen to provide the commercial loan will affect the interest rate of the loan as well. Many business owners look at the offerings of several different lenders to see who will provide the best interest rate before deciding to sign an agreement for a commercial loan with a particular lender. By learning the basic information about commercial loan terms, the business owner has a better chance of making a good decision when choosing a commercial loan. |
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