Commercial Real Estate Loans
Applying for Commercial Real Estate Loans in Ada, OK
Have you discovered the perfect location for your new business or are you ready to expand an existing project? Citizens Bank of Ada understands investors of income-generating commercial properties have special financing needs. Contact one of our experienced loan specialists and we’ll guide you through the process of how to obtain a commercial real estate loan from beginning to end.
How Commercial Real Estate Lending Works
Commercial real estate loans differ from residential loans as they are used exclusively to finance the income-producing properties where businesses operate. Like most loans, however, commercial real estate lending typically requires the borrower to have a strong credit history. Also, most commercial lenders want borrowers to secure the loan request by putting up the property as collateral.
At Citizens Bank of Ada, we want to help you realize your business dreams. We offer competitive rates on commercial real estate loans in Ada for you no matter what stage your business is in.
Types of Commercial Loans
Business owners need commercial loans for a variety of purposes. Here are a few of the most common types of commercial real estate loans to assist your business:
- Rental Property Loans: These investment loans are perfect for landlords and anyone seeking to own multi-family loans for apartments and other residential buildings.
- Commercial Real Estate Loans: These loans help business owners looking to purchase any type of commercial property from office buildings and factories to retail spaces and shopping malls.
- Industrial Property Loans: Industrial loans are best suited to create or expand warehouses, manufacturing properties, and distribution centers.
Commercial Real Estate Lending Options
Citizens Bank of Ada is proud to offer a wide variety of commercial real estate lending options including conventional bank loans and Small Business Administration (SBA) loan alternatives. Here is a small sampling of our flexible real estate loan options:
- Conventional Bank Loans: Many business owners prefer conventional bank loans due to competitive interest rates and the absence of the requirement the owner must occupy the property.
- SBA 7(a) Loans - These are 25-year, fully amortized loans with an adjustable-rate tied to the Prime Rate.
- SBA 504 Loans: 504 loans are the most common way to secure a fixed-rate SBA loan, with financing from $25,000 to $5 million.
Why Use Citizens Bank?
Citizens Bank of Ada is locally owned and operated right here in your neighborhood. We are client-centered, relationship-focused, and faith-driven. As an active member of the Ada community, we’ve been helping our neighbors reach their goals for over 50 years.
We want to help you grow your business and reach your goals too. Schedule an appointment and contact us today to discuss your commercial real estate lending needs.