A business mortgage is similar to a home mortgage. Sometimes referred to as a commercial mortgage or a business mortgage loan, a business mortgage is a mortgage or loan on commercial real estate.
Flexible financing for your enterprise
Expanding your business or farm operation? We can help.
Buying a building or land?
We can get you a mortgage that fits your business.
Renewing your mortgage?
Get in touch. Our experts will get your renewal done fast.
Transitioning your operation?
Get your finances in order, set your business up for future success.
Why choose Stride?
Solutions for every stage
Journey Wealth will help you plan and protect every aspect of your financial future, through every stage of your life or your business cycle.
Do you have a succession plan in place?
Creating a succession plan is a great way to ensure you get the full value for your business or are able to pass it along the way you had hoped.
Getting a business mortgage is as easy as:
Apply online
You can apply online or book a time to visit with an expert so we can collect the information we need.
Get a decision
We'll personally review your application and let you know if any further information is required.
Sign and finalize
If approved, simply book a time in-branch to finalize the paperwork or e-sign from home.
Your mortgage questions answered
What is a business mortgage?
What are business mortgages used for?
Business owners take on business mortgages for two primary reasons:
- To buy real estate
- To make improvements to real estate
Just like you need a place to live, your business needs a place to operate. If you are like most businesses, you don’t have freely available cash to buy an entire piece of property, or you don’t want to spend all of your free cash on a building for your business. In either case, a business mortgage allows you to take out a loan from a bank and pay for the property through monthly payments.
Is a business mortgage right for me?
Your business’ ability to afford a real estate loan must be top of mind when considering a business mortgage.
The three expense factors include the interest rate, term, and balloon payment.
Don’t forget about your business growth when considering these expenses. You are considering a business mortgage because you expect to grow. What will your enterprise look like in two years, five years, twenty years?
Consider your future expectations when considering what’s affordable to your business. That balloon payment may be impossible in two years, but a nonissue in five years.
Have more questions?
Don't hesitate to reach out! Our experts will happily help you figure out your options and what they mean for your business.
Select Image
