Growing or expanding your business takes money. If you want to hire employees, buy inventory, or make other investments, you need capital. Some companies can fund their investments, but many turn to loans to get the capital they need, especially for expensive assets like commercial properties.
A commercial real estate loan gives you the capital you need to purchase property for your company instead of spending years or decades to save enough money.
About Big Think Capital Company
Big Think Capital helps small business owners obtain loans. It offers several types of business loans with varying credit score and annual revenue requirements. The lending platform has capital available for business owners who do not have the best credit, and many of their loans provide funds in as little as 24 hours. You won’t have to wait several weeks to get capital, something you would have to do if you reached out to a traditional bank, credit union, or financial institution.
What is a Commercial Real Estate Loan?
A commercial real estate loan makes it easier for business owners to acquire commercial properties. These loans make it possible for businesses to set up shop much sooner. You won’t have to worry about saving enough money to buy a property outright, and some of these loans are accessible to companies that are just getting started.
Like any loan, when you get approved for a commercial real estate loan, you’ll receive the necessary lump sum to purchase a property. You’ll then make monthly payments based on the loan’s amount, interest rate, and term duration. You can select a lengthy term of up to 30 years to minimize your monthly payments.
The Benefits of Getting a Commercial Real Estate Loan with Big Think Capital
Several lenders offer commercial real estate loans, so what makes Big Think Capital a compelling choice? Here are some of the advantages this lending platform provides to its clients.
- Borrow up to $100 million: That amount will be enough for most small businesses to purchase whatever property they need. However, some commercial real estate lenders have maximum loans of only a few million dollars.
- Get a loan even if you don’t have the best credit: You can qualify for a commercial real estate loan with Big Think Capital if you have a 550 credit score or higher.
- Lengthy Term: Thirty-year terms are available, making monthly payments more manageable.
- Quick Funding: You can receive funding in as little as 72 hours after submitting your application. That’s a quicker turnaround than many financial institutions.
- Additional loans are readily available: Big Think Capital has you covered if you need more capital in the future. The lending platform has several financial products that can provide extra funds.
- Excellent customer support: Big Think Capital has a team of representatives ready to answer your questions and help you access secure financing.
- No annual revenue requirement: Big Think Capital asks about your yearly revenue for other loans, but this requirement is not listed for their commercial real estate loans.
Big Think Capital Business Commercial Real Estate Loan Review
Want to know how Big Think Capital’s loan stands out from the competition? Here are some key facts about the company’s commercial real estate loan.
Commercial Real Estate Loan Amounts
You can borrow up to $100 million for a commercial real estate purchase if you get your loan with Big Think Capital. The minimum loan amount is $100,000 for this financial product.
Commercial Real Estate Loan Terms
You can choose a loan term of up to 30 years with a fixed interest rate.
What You Can Use the Loan Funds For
You must use the capital from a commercial real estate loan to buy a property. That commercial property will become collateral for the loan.
Qualifications and Requirements
Borrowers need a 550+ credit score and at least two years in business. There is no annual revenue requirement listed, but your business must be in good standing. In addition, you will have to provide basic details about yourself, your business, and the commercial property you wish to buy.
Fees and Costs
You can expect to pay administrative fees and other costs to obtain the funds.
Is a Big Think Capital Business Commercial Real Estate Loan Right for You?
A Big Think Capital Commercial Real Estate loan can be right for you if you are looking at an expensive property and don’t have the best credit score. Big Think Capital’s 550 credit score minimum is generous.
The lending platform is also a good fit for business owners with excellent credit scores, as Big Think Capital offers highly competitive rates. That means borrowers with high credit scores will get lower interest rates. At the same time, borrowers with low credit won’t get rejected. Other lenders may ignore your application if you have a 550 credit score.
The flexible repayment term is also a significant advantage for anyone considering a loan. You have up to 30 years to repay a commercial real estate loan from Big Think Capital. You should review several loan offers, but flexible terms and competitive rates make Big Think Capital worth a look. You can apply on their site in a few minutes and receive loan offers soon after. In addition, applying on their website’s quick form does not impact your credit score.
Other Business Financing that Big Think Capital Offers
Commercial real estate loans aren’t the only business financing Big Think Capital provides. You can also get capital with the following loans:
- SBA Loans: Get the most competitive interest rates and loan terms. It takes longer to receive funds, but Big Think Capital can guide you through the process.
- Lines of Credit: Access the cash when you need it to cover unexpected expenses.
- Term Loans: Receive a lump sum that you repay over monthly installments.
- Equipment Financing: Buy equipment instead of getting stuck with lease payments. Big Think Capital offers up to 100% of the equipment’s face value for financing.
- Merchant Cash Advance: A viable financing method for business owners with low credit and many credit and debit card transactions.
- Invoice Financing: Turn your outstanding invoices into immediate capital. You won’t have to go into debt with this financing option.
- Employee Retention Credit: Receive a grant from the government. Big Think Capital can help you get up to $26,000 per employee.
How to Apply for a Big Think Capital Commercial Real Estate Loan
A Big Think Capital commercial real estate loan can provide enough funds for you to buy a business property. It offers a simple application process for small business owners who want to access financing. Fill out their quick form to see how much capital you can get. Filling out this application will not impact your credit score.