Commercial Loans

Commercial loans are a specific type of commercial funding for companies, enabling business owners to obtain working capital for operational costs, expansion, or other business expenses.

Our Commercial Loan Services

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A commercial loan is flexible and can often be used for the restructuring of existing debt.

Taking on any debt is a serious consideration for a business, so it’s essential you find the best deal for your company. You must know the type of product you are looking for and where to find it.

The Team at One Commercial can provide assistance in this situation; as we are not linked to any particular lender or broker, we are best placed to help you and your company with its exact requirements.

Competitive commercial finance isn’t often found on the high street but is offered by lenders that specialise in tailored commercial finance solutions. With a detailed knowledge of the market, the team at One Commercial can assist you with the right approach, ensuring that you find the right deal for you or your business.

What is a Commercial Loan?

A commercial loan is a finance product that can be lent to an individual or a company. Choosing the right type of finance will require you, as the business owner, to provide the lender with a thorough understanding of your business’s needs.

It’s not a one size fits all approach, and the team at One Commercial Loan will assist you every step of the way. Regardless of whether you have good or bad credit, there will be a lender who can match your needs.

What can commercial loans be used for?

Usually, anything that is for sale at a property auction can in some way be financed and debt secured upon.

Investment Property

Both commercial or residential.

Hotels

For acquisition or re-development/investment.

Owner Occupied

Commercial business premises

SIPPS

Assisting business owners in the purchase of business premises to be placed into a pension plan.

Farms/Agricultural

For acquisition or re-development/investment.

Lending to Limited Company or LLP

To assist in the finance or cash flow.

Commercial loan interest rates

As with any finance product, interest rates can be fixed or variable, and the repayment periods can range from less than one year up to 25 years or more.

Loan providers will usually ask for security on the loan, such as a company asset or a personal guarantee. Whilst this isn’t a direct cost to the business, you must consider the implications for you or the company.

Who can apply for a commercial loan?

Limited Companies, business owners and sole traders can apply for a loan, provided you can afford the monthly repayments on your mortgage.

A document outlining what commercial loan business rates look like
Commercial Loan Deposit

How Much Deposit Will I Need?

Unlike residential mortgages, the deposit for a commercial product is often larger; however, this will largely depend on the exact business needs, the repayment terms, and the loan amount.

How Long Do Commercial Loans Take To Process?​

It can take between one week to three months to process a commercial loan, with any financial product, it will depend on the individual requirements of the application and the lender.

Types Of Commercial Loans​

It is important you discuss the various lending products with our team so that we can help you achieve the correct type of commercial mortgage for your needs.

Commercial Bridging Loan

A commercial bridging loan is a type of secured loan on a commercial or investment property. Essentially, it is a form of funding used by business owners to acquire office space, assist with cash flow, or refinance an existing property.

One significant benefit of a commercial bridging loan is the ease and speed with which it can be approved. To secure a commercial bridging loan, you will need a detailed business plan regarding the sale of the property or the refinancing to an alternative form of funding with lower interest rates, perhaps with a commercial mortgage.

A commercial bridging loan provides short-term funding until an exit strategy, like refinancing or a sale can be completed.

Commercial Mortgage

A commercial mortgage is often referred to as a commercial property loan and can be used by companies looking to purchase property or land for commercial use.

Companies looking to grow or alter their current business premises will often seek to secure a commercial mortgage or acquire an investment for rental income. 

Commercial mortgages are the most popular type of loan. They work a lot like a personal mortgage on a house, except they’re for business finance solutions. You use a commercial mortgage to purchase a property, or to secure finance against a business premises.

These loans come with competitive interest rates, even a fixed interest rate, and the mortgage term can often be up to 30 years.

Not all commercial mortgages are the same, depending on the lender. Some will only offer commercial mortgage loans for owner-occupied premises (commercial property you intend to use for your business), while others will only provide a secured loan to rent out for investment.

One Commercial Loans offering Commercial Loan services

Why Choose One Commercial Loans?​

The team at One Commercial Loans has access to an extensive network of commercial finance specialists, and the dedicated team will help your business secure the most favourable product.

Questions Asked About Commercial Loans

Under current legislation, commercial bridging finance is unregulated. This means that the FCA holds no protection or supervision within this area of the finance industry. It is important to note that if you are looking to secure a loan for an investment property, a commercial building, or for a buy-to-let it will not currently be regulated.

You can have a commercial loan anywhere from 3 months to 25 years, and we can assist you as the business owner.

As with any product, the better the credit history, the easier it will be to secure a loan with a competitive interest rate, however, due to the number of lenders within the secured loan market, it is possible to obtain a loan even if you have a poor credit score.

Whether this encompasses defaults, CCJs or bankruptcy, our network of brokers will be able to assist you in finding the most suitable lender for your individual needs.

Like any finance product, the exact number of loans will depend on the company’s affordability to repay the debt.

Different lenders will have different criteria for securing a commercial loan. The team at One Commercial Loans are ideally placed in assisting you in choosing the right product for your business needs.

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