Commercial Loan
Commercial loans, often referred to as business loans, are used for funding commercial properties, purchasing new equipment and other business activities. There are a lot of commercial loans to consider when you're looking for financing to help you grow your business. Aglend will help steer you in the right direction.
Comparing leading banks & private lenders
Are you looking for a flexible commercial loan to expand your business?
Whether you’re looking for asset and machinery finance, floorplan lending, or a business loan, we can help you find the right lender for your needs. The flexibility of our lenders is one of the things that Aglend is known for. We can help you by comparing rates and terms, offering guidance on what to expect, and provide a list of commercial lenders that will give you the best quote for your situation.
There are many ways to finance commercial equipment and machinery, but it’s important to note that there are some restrictions on what can be financed. We’ll get funds to purchase commercial equipment.
- Floorplan Finance
It is important to have enough inventory on hand to meet the needs of customers. Fortunately, there are floorplan finance lenders that can help you get the inventory space you need so that you can continue to grow.
- Business Loans
Business loans are a great way to ensure that you can grow your business without roadblocks. For example, if you need to purchase stock or invest in new technology, a business loan is the best option for you.
- Insurance Funding
Many businesses are underinsured and do not have enough insurance coverage to protect their business. We can help you get access to insurance premium funding to reduce your risk of underinsurance.
- Asset Finance
When it comes to purchasing vehicles or new equipment for your business, you need to be sure that you are getting the best rates. Contact us to see how we can help you source the right asset loan for your business.
- Trade Finance
We’ll help you get access to the capital you need to get short-term liquidity, manage cash flow effectively, cover export receivables, fund imports, provide working capital and cover currency mismatches.
There are many ways to finance a truck purchase. You can go with a traditional bank loan or you can use an alternative lending company. We’ll help you find the best option.
- Operating Leases
Knowing the benefits of leasing is not enough to make a decision. You also need to know when it makes sense for your business and what type of asset lease works best for you.
- Technology Finance
Whether you need new POS systems, aerial drones for your crops, or computers for your office, we’ll help you secure the right technology loan for your business.
Comparing commercial loans for businesses for over 20 years.
Discover how different loans can help with your business' situation.
No matter what stage of growth you’re in, there will always be times when you need to consider injecting capital into your business. Different loans can help with different situations, so it’s essential to explore all of your options before making a decision. For example, if you’re looking for funds to purchase inventory or equipment, an unsecured business or trade finance loan might be what you need. Speak with the Aglend team to get a unique quote for your situation across multiple lenders.
Learn how our clients secured competitive commercial loans for their businesses.
The loan process requires a lot of paperwork and strategic thinking. It is not easy to get approved for commercial loans for property, new machinery or cashflow if you don’t know how to navigate between lenders. But some have successfully secured competitive commercial loans for their businesses with Aglend’s help.
Have questions around commercial property or business loans?
What are the types of commercial loans?
There are multiple types of loans that are available to businesses. Three popular ones are loans for commercial property, development finance, and mezzanine finance.
Commercial property loans are often used for the purchase or refurbishment of a building. Development finance is typically used for the construction of a new building. Mezzanine finance is typically used to provide interim funding for the purchase or refurbishment of a building.
Business loans are typically used to fund the day-to-day operations of a business, while equipment and car leases can be used as an alternative to purchasing expensive assets outright.
Do you only use major banks?
We source commercial loans from our vast network of competitive lenders, such as regional banks, private lenders and firms.
How does a commercial loan work?
The borrower is usually a company, business, or an individual for the purpose of financing their purchase of land, building and equipment.
Commercial loans can be classified into two types: secured and unsecured. Secured commercial loans are those which have some form of collateral which is offered by the borrower to secure repayment of the debt in case of default. Unsecured commercial loans are those that do not have any form of collateral offered by the borrower to secure repayment in case of default.
How long does it take to get a commercial loan?
Commercial lending is not a fast process, but it does not have to be complicated. A commercial lender will take around 30 days to review and approve your loan application. The first step is to fill out an online form that asks for information about your business and how you plan on using the money.
After you submit the form, the lender will contact you within two business days. They will request more information if they need it before they can decide whether or not to approve your loan application. Aglend works with you to streamline this process in order to make it as easy as possible.
Need business support? We're here for you.
Our business finance brokers will help you find and settle your commercial loan fast. You can reach out to us by phone or filling in our web form and we’ll get back to you via email.
