How much do you need?
We’ll start with a brief questionnaire to better understand the unique needs of your business.
Once we uncover your personalized matches, our team will consult you on the process moving forward.
Here are 4 commercial real estate lenders
Lender | NerdWallet Rating▼ | Max loan amount▼ | Min. credit score▼ | Next steps |
---|---|---|---|---|
SBA 7(a) loan with Fundera by NerdWallet | Best for SBA commercial real estate loans | $5,000,000 | 650 | with Fundera by NerdWallet |
SBA CDC/504 loan | Best for SBA commercial real estate loans | $5,000,000 | 680 | Read Review |
TAB Bank - Term loan | Best for Bank commercial real estate loans | $300,000 | 660 | |
Funding Circle - Online term loan with Fundera by NerdWallet | 4.5/5 Best for Online commercial real estate loans | $500,000 | 660 | with Fundera by NerdWallet |
Here are 4 commercial real estate lenders
Best for SBA commercial real estate loans
Best for Bank commercial real estate loans
Max Amount
$300,000
Min. Credit Score
660
Best for Online commercial real estate loans
I'M INTERESTED IN:
Our picks for
SBA commercial real estate loans
SBA 7(a) loan
Pros
- Large borrowing maximums.
- Interest rates are capped.
- Long repayment terms available.
Cons
- Personal guarantee is required.
- Collateral is typically required.
- Longer processing times than online lenders.
SBA 7(a) loan
Pros
- Large borrowing maximums.
- Interest rates are capped.
- Long repayment terms available.
Cons
- Personal guarantee is required.
- Collateral is typically required.
- Longer processing times than online lenders.
Qualifications:
- For-profit U.S. business.
- Unable to access credit on reasonable terms from nongovernment sources.
- Financial qualifications determined by individual lender.
SBA CDC/504 loan
Pros
- Low down payment required.
- Repayment terms of up to 25 years.
- Competitive interest rates.
Cons
- Personal guarantee is required.
- Must meet job creation or public policy goals to qualify.
- Longer processing times than online lenders.
SBA CDC/504 loan
Pros
- Low down payment required.
- Repayment terms of up to 25 years.
- Competitive interest rates.
Cons
- Personal guarantee is required.
- Must meet job creation or public policy goals to qualify.
- Longer processing times than online lenders.
Qualifications:
- Be a for-profit U.S. business.
- Net worth of less than $15 million.
- Average net income of less than $5 million for the two years prior to your application.
- Financial qualifications determined by individual lender.
Our pick for
Bank commercial real estate loans
TAB Bank - Term loan
Pros
- No prepayment penalty.
- Terms range from 36 to 60 months.
- Bank loan with online application process.
Cons
- Requires high minimum credit score.
- Origination fee and documentation fee charged on all loans.
- Requires business lien and personal guarantee.
TAB Bank - Term loan
Pros
- No prepayment penalty.
- Terms range from 36 to 60 months.
- Bank loan with online application process.
Cons
- Requires high minimum credit score.
- Origination fee and documentation fee charged on all loans.
- Requires business lien and personal guarantee.
Qualifications:
- Minimum credit score: 660.
- Minimum time in business: Two years.
- Minimum annual revenue: $400,000.
Our pick for
Online commercial real estate loans
Funding Circle - Online term loan
Pros
- Cash can be available within two business days.
- Competitive rates among online lenders.
- Terms up to seven years.
Cons
- Requires business lien and personal guarantee.
- Must be in business for a minimum of two years.
- Minimum credit score is higher than some other lenders.
Funding Circle - Online term loan
Pros
- Cash can be available within two business days.
- Competitive rates among online lenders.
- Terms up to seven years.
Cons
- Requires business lien and personal guarantee.
- Must be in business for a minimum of two years.
- Minimum credit score is higher than some other lenders.
Qualifications:
- Minimum credit score: 660.
- Minimum time in business: Two years.
- Minimum annual revenue: $50,000.
- No bankruptcies in the past seven years.
How do commercial real estate loans work?
Where to get a commercial real estate loan
Banks and credit unions
SBA lenders
Online lenders
Commercial real estate loan terms and repayment
Commercial real estate loan rates and fees
Commercial real estate loan requirements
Personal finances
Down payment
Time in business
Collateral
Methodology
Wondering if you qualify?
It’s possible to get a business loan even if you have bad credit. Bad-credit business loans are available from alternative sources, like online or nonprofit lenders.