Commercial Loans
A commercial loan from your Neighbors can be the ideal resource to help your business grow.
Whether you need to expand, upgrade your equipment, or invest in long-term opportunities, we’ve got you covered.
What Is A Commercial Loan?
How do commercial loans work?
Commercial loans provide companies with upfront capital. Similar to other loans, the principal and interest is repaid over a fixed period (the term) with regular payments, typically a payment each month.
A commercial loan is a secured loan, using collateral, like a bank account or real estate. Because the loan is secured by an asset, a commercial loan may be easier to qualify for and may offer a lower interest rate. Your commercial loan will be designed to meet your business’s specific capital and cash flow needs, with a term length ranging from one to five years.
Why Get A Commercial Loan From Neighbors?
A line of credit can help ensure that you meet your financial commitments, giving you breathing room in your budget and a financial cushion when you need it.
- Competitive interest rates
- Tailored amounts and term lengths, with predictable repayment schedules
- Straightforward application and approval process
- Expert guidance from experienced commercial lenders
- Fast, local decisions
I'm Ready to Apply! Where Do I Start?
To qualify for a commercial loan, your business will need sufficient credit history and business income (3 years) supporting its ability to repay. Of course, good credit history may result in a lower interest rate!
Once you’re ready to apply, we’ll work with you to gather the right documents and information needed to underwrite the loan. These may include:
- Your business plan including plans for use of the loan funds
- Business incorporation documents
- Financial documents including tax returns, financial information (accounts and other debts), and cash flow records and projections
When you’re ready to submit your application, simply give us a call at 314-892-5400 or complete the application and email it to: [email protected].
After your application is submitted, we’ll review it, take the time to discuss terms and conditions, and request additional information if needed. At Neighbors, we take pride in serving our local business neighbors. This means timely credit decisions as well as great rates, expert advice, and personalized, friendly service throughout the entire loan process and beyond.
