Gustan Cho Associates offers commercial loan programs through its subsidiary Lending Network. Lending Network, headed by Nelson Thompson (President of Mortgage Sensei) and Gustan Cho is a full service one-stop shop commercial mortgage broker and correspondent lender. We understand that getting a commercial loan can be challenging, especially if you have been turned down by other lenders due to low credit score, high debt-to-income ratio, insufficient collateral, or lack of business experience.

Gustan Cho Associates and Mortgage Sensei has partnered with Lending Network, LLC to offer you a variety of commercial loan programs that can suit your needs and goals.

Whether you are looking for a bridge loan, hard money loan, SBA loan, or conventional loan, we have the right solution for you. Our commercial loan programs are flexible, fast, and affordable. You can use them to purchase or refinance commercial properties such as office buildings, retail stores, hotels, warehouses, multifamily units, and more. You can also use them to fund your business operations, expansion, or acquisition. Speak With Our Loan Officer for Mortgage Loans

Types of Commercial Loan Programs

Commercial loan programs are financial products designed to help businesses meet funding needs. These loans can be used for various purposes, including purchasing equipment, expanding operations, managing cash flow, or acquiring real estate. Here are some common types of commercial loan programs:

Commercial Loan Programs: Term Loans

• Purpose: Used for significant one-time expenses like equipment purchases, business expansion, or real estate.
• Terms: Typically range from 1 to 10 years.
• Interest Rates: Can be fixed or variable.
• Repayment: Regular payments of principal and interest over the loan term.
• Sources: Banks, credit unions, and online lenders.

Commercial Loan Programs: Business Lines of Credit

• Purpose: Provides flexible access to funds for short-term needs, such as working capital or managing cash flow.
• Terms: Revolving credit, similar to a credit card.
• Interest Rates: Variable rates based on the amount borrowed.
• Repayment: Pay interest only on the amount borrowed, with minimum monthly payments.
• Sources: Banks, credit unions, and online lenders.

Government Business Commercial Loan Programs: SBA Loans

Purpose: Small Business Administration (SBA) loans help small businesses access financing with favorable terms.

Types of Business Commercial Loan Programs: of SBA Loans

• SBA 7(a) Loan: General-purpose loan with a maximum amount of $5 million.
• SBA 504 Loan: For purchasing real estate and equipment with long-term, fixed-rate financing.
• SBA Microloan: Loans up to $50,000 for small business and start-up costs.
• Interest Rates: Generally lower than traditional loans.
• Repayment: Varies by loan type, often long-term.
• Sources: SBA-approved lenders like banks and credit unions.

Real Estate Commercial Loan Programs

• Purpose: Used to purchase, refinance, or develop commercial property.
• Terms: Typically 5 to 20 years.
• Interest Rates: Fixed or variable, often with a balloon payment at the end.
• Repayment: Regular payments of principal and interest.
• Sources: Banks, credit unions, commercial mortgage lenders.

Commercial Loan Programs: Equipment Financing

• Purpose: Specifically for purchasing business-related equipment.
• Terms: Match the useful life of the equipment, usually 1 to 7 years.
• Interest Rates: Fixed rates.
• Repayment: Monthly payments of principal and interest.
• Sources: Banks, credit unions, equipment financing companies.

Invoice Financing

• Purpose: Helps businesses improve cash flow by advancing funds against outstanding invoices.
• Terms: Short-term, typically 30 to 90 days.
• Interest Rates: Fees or interest based on the amount advanced.
• Repayment: Repaid when customers pay their invoices.
• Sources: Banks, factoring companies, and online lenders.

Merchant Cash Advances

• Purpose: Provides upfront cash in exchange for a percentage of future sales.
• Terms: Short-term, often less than a year.
• Interest Rates: High cost, expressed as a factor rate.
• Repayment: Daily or weekly payments based on sales.
• Sources: Merchant service providers and online lenders.

Bridge Loans

• Purpose: Short-term financing will bridge the gap until long-term financing is secured.
• Terms: Typically six months to 3 years.
• Interest Rates: Higher rates due to short-term and higher risk.
• Repayment: Interest-only payments with a balloon payment at the end.
• Sources: Banks, credit unions, and private lenders.

Franchise Loans

• Purpose: Financing for purchasing or expanding a franchise.
• Terms: Vary based on the franchise agreement.
• Interest Rates: Competitive rates based on creditworthiness.
• Repayment: Regular payments of principal and interest.
• Sources: Banks, SBA, and specialty franchise lenders.

Commercial Loan Programs at Lending Network

Commercial loan programs offer various options to meet businesses’ diverse needs. The right loan depends on the business’s specific requirements, including the purpose of the loan, the amount needed, and the preferred terms. Businesses should carefully evaluate their options and consider working with a financial advisor or lender to find the best financing solution. If you want to know more about our commercial loan programs, contact us today at (800) 900-8569. We are always ready to assist you and answer any questions you may have. We look forward to hearing from you soon and helping you achieve your commercial goals.

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Gustan Cho Associates News | Nelson Thompson Friday Mortgage Minutes NEWS For June 24th, 2024

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FAQs: Commercial Loan Programs at Lending Network

• 1. What are Commercial Loan Programs? Commercial loan programs are financial products that help businesses meet their funding needs. These loans can be used for various purposes, such as purchasing equipment, expanding operations, managing cash flow, or acquiring real estate.
• 2. Who offers these Commercial Loan Programs? Lending Network, a subsidiary of Gustan Cho Associates, is headed by Nelson Thompson (President of Mortgage Sensei) and Gustan Cho. It offers a variety of commercial loan programs and is a full-service, one-stop-shop commercial mortgage broker and correspondent lender.
• 3. What types of commercial loan programs are available? Lending Network offers a variety of commercial loan programs, including Term Loans for one-time expenses, Business Lines of Credit for short-term needs, SBA Loans for small businesses, Real Estate Loans, Equipment Financing, Invoice Financing, Merchant Cash Advances, Bridge Loans, and Franchise Loans.
• 4. What can I use these loans for? You can utilize these loans to purchase or refinance commercial real estate assets, including office buildings, retail establishments, hotels, warehouses, apartment complexes, and similar properties. Moreover, they can provide financial support for your business’s day-to-day activities, growth, or acquisitions.
• 5. Are the commercial loan programs flexible? Yes, Lending Network’s commercial loan programs are designed to be flexible, fast, and affordable, catering to businesses’ diverse needs and goals.
• 6. What if other lenders have turned me down? Lending Network understands that getting a commercial loan can be challenging, especially if other lenders have turned you down due to low credit scores, high debt-to-income ratios, insufficient collateral, or lack of business experience. They aim to provide solutions that can work around these challenges.
• 7. How do I apply for a commercial loan with Lending Network? Contact Lending Network directly at (800) 900-8569 to apply for a commercial loan. Their team is ready to assist you and answer any questions you may have to help you achieve your commercial goals.
• 8. What are the benefits of working with Lending Network? As part of Gustan Cho Associates and Mortgage Sensei, Lending Network offers a one-stop-shop experience for all your commercial mortgage needs. A range of loan programs is offered to suit your business requirements, guaranteeing a smooth and effective loan application process.
• 9. Who can I contact for more information? Contact Lending Network at 800-900-8569 for more information about commercial loan programs. Their team is always ready to assist you and provide the necessary support to help you achieve your business goals.