What is the Definition of Commercial Loan?

Commercial Loan

Noun

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

SBA 7a Loan Program | Commercial Real Estate Loans


SBA 7a loans from Commercial Loan Direct. Offering lowest rates and lowest closing costs on SBA 7-a commercial loans

Affordable Housing Apartments Financing | Multifamily Commercial Loans & Mortgages


Affordable housing financing. #1 Ranked online lender offering lowest rates and closing costs

Investment Property Commercial Loans - Real Estate Mortgages


Investment property commercial real estate loans and mortgages by the #1 ranked online mortgage banker.

Fannie Mae Seniors Housing Loans | Assisted Living Mortgages | Elderly Homes Financing


Fannie Mae provides loans for multifamily seniors housing properties and assisted living homes. Commercial loan direct provides low interest rates for assisted living property mortgages.

Hotel Loans - Hotel Commercial Loan Options


We provide many financing options for hotels and hospitality properties including SBA, Conventional, CMBS, Insurance, and USDA Loan programs.

Commercial Loans - Commercial Mortgage Options


Online Commercial mortgage real estate lender. Business mortgages and commercial loans nationwide. Save with low rates and closing costs. Ranked #1 Online Mortgage Banker

Commercial Loan Rates | Current Commercial Mortage Interest Rates


View today's average commercial loan rates. Today's commercial loan rates can average between 2.705% and 12.000%+, depending on the loan product.

Commercial Loan Interest Rates Graphs & Trends


Use our commercial loan rates graphs to see how the key markey interest rates are trending.

Conventional Commercial Loans


Conventional Commercial Loans News Posts

Senior Housing Apartment Loans & Senior Housing Commercial Mortgages - Assisted Living Financing - Nursing Home Mortgages


Commercial Loan Direct offers financing for senior housing mortgages including congregate care facility mortgages, assisted living property mortgages, skilled care nursing home mortgages, and continuing care retirement community loans.

Other Definitions

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