5 Minute
Pre-Approval Process
489
Loans Closed
40 Years
Years Of Experience
A+ Rating
with Better Business Bureau
In the labyrinth of commercial real estate funding, finding a path that best suits your business can often be a complex endeavor. Businesses of all sizes may find themselves unsure when deciding between an SBA commercial real estate loan or a 504 commercial real estate loan. Fortunately, NEDCO is here to help illuminate the path, offering expert advice and comprehensive solutions every step of the way.
From business loans for buying land or business loans for building construction to business loans for acquiring a building or business loans for renovating, NEDCO tailors their commercial real estate loans to fit your business needs. Leveraging their vast experience in the SBA 504 loan program, they enable businesses to fully exploit opportunities that lie in SBA loans for buying land, SBA loans for buying a building, SBA loans for building construction, and SBA loans for renovating. Their mission? To empower your business to reach new heights of success.
Commercial Real Estate Loans Terms and Options
Navigating the intricacies of commercial real estate loans can be overwhelming, but with NEDCO at your side, the process becomes less daunting. Whether your business aims to acquire a new property or renovate an existing one, there’s a range of terms and options for you to explore. For instance, if you’re considering business loans for buying land or business loans for acquiring a building, NEDCO can guide you through the nuances of such investments. These loans can typically offer long repayment terms up to 25 years, often with competitive interest rates. If your business venture leans towards business loans for building construction or business loans for renovating, you can count on NEDCO’s expert understanding of SBA loans for building construction or SBA loans for renovating. They specialize in SBA 504 loans which, thanks to their low down payment and fixed interest rate, provide an appealing option for many businesses. Moreover, with SBA’s 504 loan program, the financing structure is divided into three parts: the bank portion (50%), the CDC portion through NEDCO (40%), and the borrower’s down payment (10%). This unique structure not only reduces the upfront cash outlay but also minimizes the risk for lenders, making it a viable funding choice for many businesses. Thus, NEDCO aims to provide a clear, comprehensive understanding of your commercial real estate funding options, guiding your business towards the most beneficial and effective financial solution.
504 Business Loan APR
Why Choose NEDCO for Commercial Real Estate Loans?
When it comes to securing a commercial real estate loan, choosing the right lender can be as critical as finding the right property. NEDCO’s SBA lending expertise offers several advantages:
- Industry Knowledge: With years of experience, NEDCO has profound knowledge about SBA commercial real estate loans and the ins and outs of 504 commercial real estate loans.
- Tailored Solutions: NEDCO caters to specific client needs, whether they require business loans for buying land or business loans for building construction.
- Support and Guidance: NEDCO provides extensive support and guidance for business loans for buying a building or business loans for renovating.
- Competitive Rates: Benefiting from NEDCO’s partnership with the SBA, businesses can secure loans with competitive rates.
- Accessible Financing: With the 504 loan program, NEDCO offers accessible financing for SBA loans for buying land or SBA loans for acquiring a building.
- Extended Repayment Terms: NEDCO offers extended repayment terms for SBA loans for building construction and SBA loans for renovating.
- Customer Satisfaction: NEDCO’s commitment to customer satisfaction is reflected in their seamless loan application process and exceptional customer service.
In essence, choosing NEDCO for your commercial real estate loan needs means opting for personalized, expert service that keeps your business’s best interests at heart.
Preparation
Gather all essential paperwork and determine the specifics of your financial needs, whether it’s for purchasing land, acquiring a building, building construction, or renovations.
Consultation
Engage in a consultative session with a NEDCO expert to evaluate your requirements and discuss potential financing solutions.
Application
Submit a comprehensive loan application that illustrates your business’s fiscal position and the planned use of the loan proceeds.
Completion
After approval, NEDCO will guide you through the loan closing process, ensuring a successful and satisfying conclusion to your financing journey.
Through these stages, NEDCO facilitates a smooth and efficient route to procuring your commercial real estate loan.
Expert Guidance
NEDCO’s seasoned team possesses comprehensive knowledge about the SBA 504 loan program and its nuances. Our professionals provide well-rounded guidance throughout the commercial real estate funding process.
Tailored Solutions
Every business has unique financial needs. At NEDCO, we craft solutions that cater to the individual requirements of our clients, whether it’s for buying, building, or renovating.
Execution
With NEDCO, you’re guaranteed a seamless and straightforward loan process. Our mission is to make securing commercial real estate loans an efficient and stress-free experience for our clients.
Who Qualifies for Commercial Real Estate Financing with NEDCO?
Commercial Real Estate Financing with NEDCO is available for a broad range of businesses. Here are some categories of businesses that qualify:
Established Businesses: Businesses that are already operational and have a proven track record are excellent candidates. The SBA 504 loan program is designed to help these businesses expand, whether it involves buying land, constructing a new building, or renovating existing property.
Start-Ups: NEDCO also caters to start-ups eager to secure their own property. Start-ups with a robust business plan and potential for significant growth may qualify for commercial real estate funding.
Business Expansion: If a business plans on expanding its operations, such as acquiring a new building or constructing additional facilities, NEDCO can provide the needed funding. It’s all about showing us the expansion potential and the capability to manage the increased capacity.
Property Renovation: Businesses seeking to renovate their commercial property can also qualify for a 504 loan. If the renovation leads to the improvement of business operations or increases the property’s value, NEDCO can help facilitate the funding.
What are the Benefits of Commercial Real Estate Financing with NEDCO?
- Flexible Terms: NEDCO provides flexible loan terms that cater to the individual needs of each business.
- Low Down Payments: Our Commercial Real Estate Loans offer lower down payments, easing the financial burden on businesses.
- Fixed Interest Rates: With NEDCO, you can secure fixed interest rates, ensuring predictable payments throughout the loan term.
- Expert Guidance: Our team offers unparalleled guidance throughout the application process, easing your journey to secure a commercial property loan.
In essence, Commercial Real Estate Financing with NEDCO is a pathway to securing your business’s future, offering flexible terms, affordable down payments, fixed rates, and expert advice throughout the process.
Qualify for Commercial Real Estate Financing with the SBA
To qualify for our financing options, you need to meet the following requirements:
Operate a for-profit, US-based business
Meet SBA’s small business size standards
Demonstrable need for financing
Adequate ability to repay the loan
Industries We Serve
At NEDCO, our commercial real estate financing extends across various industries.
- Manufacturing
- Retail
- Agriculture
- Healthcare
- Construction
- Technology
- Hospitality
- Nonprofits
- Education
- Service industry
As long as your business is eligible under the SBA guidelines, we’re here to provide the funding you need to acquire or develop your commercial real estate.
Five-Star Reviews and A+ BBB Rating
NEDCO takes immense pride in its consistent five-star reviews from satisfied customers and A+ rating from the Better Business Bureau (BBB). Our commitment to providing high-quality service and supporting businesses in their journey of commercial real estate acquisition has not only earned us positive feedback but has also cemented our reputation as a trusted SBA lender. These accolades reflect our unwavering dedication to helping businesses thrive in their commercial real estate ventures.
Who is a Commercial Loan with the SBA for?
A Commercial Real Estate Loan with the SBA, particularly the 504 loan, is designed for ambitious businesses seeking to expand their operations, acquire new properties, or renovate existing ones. This can include a wide range of enterprises, from startups in need of a physical storefront, to well-established businesses looking to buy the land they’re already located on. The SBA’s flexible guidelines make these loans accessible to a wide variety of businesses, facilitating commercial real estate ownership and promoting economic growth.
Commercial Real Estate Loan FAQs
Why choose Nedco
Transparent Rates
Our rates start at 6.579% APR, ensuring you have a clear understanding of the costs involved.
Nearly 40 Years of Combined Experience
We have a proven track record, serving small businesses for nearly two decades.
Trusted Partner
Count on our expertise, reliability, and personalized service to support your business goals.