Select Commercial specializes in lending to small business owners who own their own properties. Many small business owners find that they have trouble obtaining traditional bank loans due to their company’s size, specialized property type, credit rating, or difficulty producing tax returns. In addition, if you are starting up a new business or expanding an existing business, it may be possible for us to use projection based income in order to qualify. Traditional banks can’t match the ability we have to “stretch the guidelines” to help your business grow. These loans have always been a large portion of our business. We actively lend on gas stations, restaurants, hotels and motels, bed and breakfasts, laundromats, service stations, bowling alleys, movie theaters, golf courses, marinas, retail stores, independent groceries, franchises, auto repair, manufacturing plants, liquor stores, health clubs, self-storage, mini-storage, parking garages, campgrounds, recreational facilities, RV parks, and many other single purpose properties. Let us help you start, purchase, refinance or grow your business! Our minimum loan size is $750,000.
Rates start as low as 4.16% (as of 4/14/14)No upfront application fees
Simplified application process
Financing up to 75% LTV, up to 90% LTV with SBA
Terms and amortizations up to 25 years
Loans for purchase and refinance, including cash-out
24 hour written pre-approvals with no cost and no obligation
Recent Commercial Closings