What are Commercial Loans?

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Wednesday, May 18th, 2016

The need for additional financing arises when businesses do not have sufficient cash on hand to cover major expenses and other contingencies. It is at this point that businesses turn to financial institutions and financing companies for commercial loans to cover the expenses of running their company.

For small businesses especially, receiving commercial loans may be difficult. This is partly because banks offer financing but with expensive upfront costs and expanded timelines, from application to approval to the borrower receiving their financing. Over the last decade the funds allocated toward small business loans, in particular, have become much smaller.

Term loans, business lines of credit, unsecured loans, and specialized loans are available from banks and through the efforts of alternative financing companies. When seeking a commercial loan, it is especially important to know what type of financing is right for the specific contingency. Another consideration is the speed of the process and, most important, the reputation of the financing company.

Where to Apply for Commercial Loans

Applying for commercial loans may be bewildering to business owners who need working capital. At National Business Capital, a leading alternative financing company, we take the time to get to know our clients and their businesses, this way we can be sure that we are helping them to receive the right type of financing their business needs.

Our application process is quick and requires less documentation than traditional banks. Our financing underwriting criteria is not based on FICO and decisions are made in 24 hours or less. Approved commercial loan funds are made available to borrowers quickly so that business owners can focus on their business.

National Business Capital’s goal is simply to establish an ongoing business relationship founded on mutual trust. This way, whenever our clients’ businesses require additional capital, they turn to us knowing that we have a vested interest in their present and future professional success.

If you have questions about commercial loans or financing for your business, call our Business Consultants for a confidential consultation at (888) 888-9124.

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Our approval process takes less than 24 hours.

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