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Commercial loan interest rates can move quickly with the market so many investors are constantly trying to stay on top of the most recent interest rates to know if they’re getting a good rate from their local lender or if they should shop around.
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Commercial mortgages are used to finance such commercial properties as mixed-use buildings, retail centers, and office buildings. If you’ve been in business for 3+ years, plan on occupying at least 51% of the building, and have a credit score above 675, you may qualify for an SBA 7(a) loan with SmartBiz.
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“The real estate community caused two recessions: it caused it in housing, and it caused it in the savings and loan crisis.