Explore the Mortgage101 Library
Check Local Mortgage Rates
Loan Program Choices
Use our calculator to find out your estimated monthly payment in advance: Enter the loan amount, interest rate, and length of mortgage.
Try our Mortgage Payment Calculator
If you own a business, the commercial loan interest rates that are available in your area may be negotiable, if you shop around. Just because you have a good offer from the first lender you try does not mean that is the best deal in town. If you have a good credit history and your business is profitable, you should be able to find several lenders that are willing to compete for your loan.
Getting a Low Rate Commercial Loan
The reason you want commercial loan funding and the value of the collateral you are providing will have an impact on your interest rate. For example, if you are using the loan proceeds to acquire equipment to help your business grow, a low loan-to-value ratio will help you obtain a lower interest rate on the loan. But if you need a loan just to cover payroll or other operating costs, the lender may not give you as favorable a rate.
Once the lender tells you the loan rate and repayment terms, if you shop around you may be able to find a different lender who is willing to beat the rate. If your business is growing at a solid pace, you should be able to get several different offers.
- What To Do When Mortgages Default
- 3 Warning Signs of Loan Modification Scams
- Appraisal Basics
- Short Selling a Rental Property
- What Lenders Don't Reveal About Home Equity Loans
- 3 Reasons Banks Reject Short Sales
- Alternatives to Getting a 2nd Mortgage
- How to Get Approved for an FHA Loan despite Bad Credit
- 3 Common Short Sale Mistakes