Home / Commercial lending
Commercial lending, sorted by what secures the loan.
Three kinds of business borrowing, and the SBA route that cuts across all of them. What secures the loan is the difference, and it decides everything else.
Which one is yours.
If you are not sure, call before you apply. Picking the wrong one costs you time, not money, but it does cost you time.
Business loans
Lines of credit, business acquisition, working capital and SBA 7(a). The business itself is what is being judged. No property involved.
Commercial loans
Commercial real estate, construction and SBA 504. The building is part of the deal, which changes the timeline and the paperwork.
Equipment loans
Trucks and trailers, manufacturing plant, and other commercial equipment. Secured by the machine, which often works when a general business loan does not.
USDA business loans
Government-backed and not the SBA. Terms up to forty years for businesses in rural Indiana, which is most of the state.
SBA loans
7(a) and 504. Government-backed, so longer terms and less money down, in exchange for more paperwork. Cuts across all three of the others.
Buying a house instead?
Home loans work differently enough that they have their own page. Purchase, refinance and equity are over here.