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

Commercial Loan Videos - Understanding Real Estate Mortgages


Watch our commercial mortgage tutorial videos to learn the different types of commercial loans and there parameters.

Commercial Loan Direct - Getting Started - Apply for a commercial loan, apartment loan or multifamily mortgage


Apply for a commercial loan, apartment loan & multifamily mortgage. Lowest fixed rates available. No points and low closing fees. Apartment financing simplified.

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.

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.

Life Insurance Company Commercial Mortgages


Life insurance company commercial loans nationwide by the leading online mortgage originator. Offering multiple options Nationwide. Lowest fixed rates and closing costs. Financing simplified.

Recently Closed Commercial Loans


Financial Tools, Mortgage Calculators, Definitions, and Forms.


Commercial Loan Direct - Financial Tools. Mortgage calculators, definitions, forms, etc.

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.

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*:

Student Housing Financing - Student Apatment Loans - Commercial Loan Direct


Student housing apartment loans and student housing multifamily mortgages by Commercial Loan Direct. #1 Rated online lender offering lowest rates and closing costs financing

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