Texas Commercial Loans

Types of Commercial Loans There are actually several commercial loan types. Some are immediately recognizable, while others are more niche. When a business needs additional capital, it might seek a debt instrument. Of course, there are a few differences in how these are structured. Terms might well be long or short. While interest rates vary. Collateral may or may not be required. Read on to learn about the most common types of commercial loans.   Types of Commercial Loans Commercial loans do not substantially differ from consumer or private loans. Sure, there are some departures, but most are similar. Although, the biggest contrasts are usually related to term, collateral, guarantee, and interest. What’s more, not all banks or credit unions make commercial loans available. However, it’s worthwhile to check with regional operators and smaller, local institutions which might offer better arrangements. Here are the most common commercial loan types found, with variations: