Home / Commercial loans
Lending against the property itself.
Commercial real estate, construction and SBA 504, for Indiana businesses buying, building or refinancing a building.
Three ways a building gets financed.
Commercial lending here means the building is part of the deal. If there is no property involved, the business loans page is the one you want.
Commercial real estate
Buying the building you have been renting, adding a second site, or refinancing property the business already owns. Office, retail, warehouse and industrial, multifamily, mixed use, medical and owner-occupied property, up to $10 million, subject to the lender and the program.
Construction loans
Funding released in stages as the build progresses, rather than all at once at the start. Draws are tied to the work actually completed, so the schedule matters as much as the number. We fund both commercial buildings and residential construction.
SBA 504
Government-backed lending built specifically for owner-occupied property and heavy fixed assets. Usually less money down than conventional commercial debt, and a longer term. Slower to put together, and often worth the wait.
Some buildings are underwritten as a business, not as a building.
For these four, the general answer is no use to you. What is under the ground, bolted to the floor or printed on the permit decides the deal, so each one has a page of its own.
Gas station and c-store
Underground storage tanks, Phase I and Phase II, IDEM records and the fuel supply agreement. The environmental file sets the timeline before the credit file does.
Car wash
Tunnel equipment, site work and drainage. The real estate and the equipment wear out on different schedules, so they rarely belong on the same terms.
Restaurant and bar
Leasehold improvements count for little as collateral. An Indiana liquor permit, on the other hand, is a real asset with a real market.
Church and faith-based
SBA is closed to non-profits outright, which removes the usual route. What is left is a smaller group of lenders underwriting giving history rather than revenue.
What to have ready.
Property files ask for everything a business file asks for, plus the property itself.
- Personal tax returns for the last three years, all pages
- Business tax returns for the last three years, all pages
- Business bank statements for the last three to six months
- Year-to-date profit and loss, and a balance sheet
- A current debt schedule
- Valid photo identification for each owner, and your entity documents
- The purchase agreement, or the current mortgage statement if refinancing
- Rent roll and leases, if any part of the property is tenanted
- For construction: plans, the builder’s contract and a draw schedule
Property deals fail on timing more often than on price.
An appraisal that comes back late, an environmental report nobody ordered, a title issue found in week six. We would rather tell you on day one which of those is likely on your deal than discover it with you later. Send the address before you write the offer.
If the building is not the whole story.
SBA loans
How the guarantee works, which program fits which purchase, who qualifies and what the paperwork asks for.
Business loans
Lines of credit, working capital and acquisitions, where no property secures the deal.
Equipment loans
Secured by the machine rather than the building. Usually quicker to close than anything with property in it.
USDA business loans
A different federal guarantee, up to forty years, if the property sits in an eligible rural area.