What is the Definition of Commercial Loan?

Commercial Loan


Definition: A commercial loan is a loan between a business and a bank to fund capital expenditures and/or operating costs. Commercial loans come in two forms - owner-occupied mortgages and investment mortgages. If the property's sponsor(s) use over 50 percent of the building's useable square footage, the commercial loan is said to be a owner-occupied commercial loan. Otherwise the commercial loan is considered to be an investment mortgage. To be considered a commercial loan the property being funded must be zoned commercial and not residential.

Additional Info

Listed below are a few resources that may be beneficial in your understanding of commercial loans and how they work.

How To Get A Commercial Loan

For information on how to qualify for a commercial loan please visit our 5 steps to get a commercial loan article. For other questions in the requirements of getting a commercial loan, you may also visit our faqs page, or send us a message through our contact form

What Are the Commercial Loan Rates?

For current commercial mortgage rates you can visit our commercial loan rates page or our apartment loan rates page if the property is multifamily. 

What Are the Types of Commercial Loans?

The types of commercial loans available are listed as follows:

What Type of Loan Do I Qualify For?

To find out what type of loan you may qualify for, you may visit our loan finder tool

How do I Apply for a Commercial Loan?

To apply for a commercial loan, simply fill out our free quote request. You may also use our free commercial loan forms during the process to help expedite your loan application.

Pages that Mention Commercial Loan

How to Prepare a Financial Package For a Commercial Loan

Not all Lenders or loan programs are created equal and each program has it’s own specific guidelines. That being said, here is a general list of the items you should consider preparing in advance of contacting Lenders for a loan quote*:

Conventional Commercial Loans

Conventional Commercial Loans News Posts

Manufactured Housing Apartment Loans & Mortgages - Commercial Loan Direct

Manufactured housing apartment loans and manufactured housing multifamily mortgages by Commercial Loan Direct. Offering lowest rates and lowest closing costs. Commercial mortgage lender offering manufactured housing apartment financing, manufactured housing mortgages, and manufactured multifamily home mortgages.

Construction Commercial Loans

Construction Commercial Loans News Posts

Website Affiliate Program - Highest Commissions - Payouts

Affiliates and referrals for webmasters and website owners program by Commercial Loan Direct - join one of the best paid programs on the internet

Commercial Loan Refinance | Apartment Mortgage Refinancing | Refinancing Calculator

Commercial Loan Refinancing- We provide real estate refinance mortgages nationwide. Our Company strives to offer the lowest rates in the marketplace.

Construction Commercial Loans

Commercial Loan Direct offers conventional construction loans for commercial real estate properties, SBA-504 companion mortgages for transactions that are approved via the Small Business Administration, and FHA loans for apartment complexes construction. Property types eligible for construction financing are as follows: industrial, medical, mixed use, multifamily, office, retail, as well as self-storage.

Commercial Loan Interest Rates Notifications

Get notified when commercial loan rates change. We currently support push, email, and text notifications. Be the first to know when the rates change.

Commercial Loans Rates & Tools Mobile Application

Commercial Loan Rates & Tools provides a variety of calculators and tools for commercial loans including commercial loan rates, loan package guides, a loan finder to find loan products you qualify for, video guides, and more.

Bridge Commercial Loans

Bridge Commercial Loans News Posts

Other Definitions