Definiton: Commercial Loans- these types of loans specifically apply to businesses borrowing money from lenders. These types of loans are usually much shorter in duration than most other loans, lasting usually no longer than a year, (sometimes only 30 days). Commercial loans can be secured by collateral or unsecured.

If you need more information on commercial loans, or the answer to other questions like “are 2nd mortgages a bad idea?” fill out our contact form and Loan Home will set you up with one of our tier-one lending partners to get you the answers to any and all questions. Contact us today.