Business Property Loan Rates

SPIRE Credit Union is ready to help your business achieve your goals with commercial real estate, rental property, business vehicles, and equipment loans.

The Bank reserves the right to change rates, terms, and conditions without notice.. ARM reflects an Adjustable rate mortgage subject to interest rate changes.

Small business owners thinking of purchasing or renovating commercial real estate or purchasing equipment to grow or expand their businesses should consider the U.S. Small Business Administration’s (SBA) 504 Loan Program. The 504 loan provides small businesses access to the same type of long-term, fixed-rate financing enjoyed by larger firms.

Our commercial rate loan gives you access to competitive market interest rates where you can set your repayment term, choose between a variable or fixed interest rate, and your interest period. Minimum loan amount of $500,000

This senior loan is usually for a 10-year term at a fixed or variable rate, the bank providing a $5 million first mortgage with a SBA 504 debenture of $4 million ,

Owner-occupied commercial loans Use your equity to remodel or expand your growing business. Your commercial property offers perks like tax breaks and stability from unexpected rent increases with a fixed-rate loan.

Commercial Property Interest Rates On Mortgages commercial mortgages: combination of good fundamentals, low interest rates and excessive capital has owners taking it easy – Levy National Mortgage Survey. Conduit pricing is more. For now, the combination of good fundamentals, low interest rates and excessive capital flowing into commercial real estate has owners taking.

Our technology enables fast and easy sba loans with low monthly payments and great rates, while our marketplace of SBA preferred banks increases the likelihood of getting a “yes” because we match you with the lender most likely to fund your loan.

Interest Rates: Choice of Fixed Rate or a Variable Rate based on Prime Rate: Loan terms: Up to ten years, with up to a 20 year amortization. Collateral required: Equity in owner-occupied commercial real estate. Payments: Monthly principal and interest payments automatically deducted from your PNC business checking account

Property appraisals generally follow the basic criteria of loan approval for both types of loans–residential and commercial. A home appraisal is unique because each real estate transaction is different due to the condition of the home and property at face value.

Currently commercial loan rates can vary between 3.360% and 12.000%+, depending on the loan product. Keep in mind that all commercial loan quotes depend on several underwriting factors including the property and borrower location, loan-to-value (LTV), debt service coverage ratio (DSCR), property usage (investment or owner-occupied), property type, and the borrower’s financial strength.