Commercial Real Estate Loans
Location, Location, Location
Many alternative loan products are designed to fill a specific need. Commercial real estate loans are designed to help small business owners finance office buildings, warehouse space, retail shops, industrial buildings, or other stand-alone buildings. Like a home mortgage, this type of loan typically has longer payment terms than the other small business loans you’ve read about.
Start with the CDC/504
A good place to start a discussion about commercial real estate loans is with the SBA’s CDC/504 loan program, introduced in Chapter 5. The short answer to the question of what a 504 loan ...