Frequently Asked Questions


Why 1st Commercial lending?

1st Commercial Lending knows business and commercial loans as well as anybody. We have specialized in providing customized financing packages specific to each individual business and commercial loan scenario since 2004.

What Financing Programs Does 1st commercial lending Specialize in?

1st Commercial Lending specializes in Conventional, SBA Loans and Private Money / Bridge financing. Our strict focus and knowledge of the commercial & capital markets allows us to provide the financing you need at "the most aggressive rate & term options in the marketplace"

What are some of the benefits of working with 1st Commercial Lending?

At 1st Commercial, we offer the full spectrum of business and commercial real estate financing programs and our lending partners have a nationwide financing capacity.

Is 1st Commercial Lending a bank?

No, we are better than a bank. We represent over 300 commercial lenders with a nationwide lending capacity. We are basically an extension of our lending partners and offer the same rates & terms at no extra cost to the borrower. Many times, due to our extensive network and competitive environment, you will receive better rates & terms than local bank financing.

How is working with 1st Commercial Lending different than my local bank?

Unlike your local bank, the majority of our funding sources are not looking for your business banking accounts. We focus solely on business and commercial real estate lending. Our knowledge of commercial finance markets allows us to understand the details of your transaction and results in the most suitable loan for your specific needs. We can offer both Conventional Loans & SBA 7A and 504 loan programs as well as equipment and working capital programs. We offer a streamlined closing process and will walk you through every step along the way.

What are the steps involved?

1. Complete our Commercial Loan Quick App Here and one of our Commercial Loan Advisors will contact you within 24 hours...
2. After you speak with one of our commercial loan advisors you will receive our 1CL Financing Application. Upon receipt & qualifying lender review of our 1CL App and initial document checklist, we will have a loan proposal with rate & term options.
3. Choose which options work best for you and move forward to closing!

How fast can I close?

Although no scenario is exactly the same, a typical business only transaction can close in 30 to 45 days. If commercial real estate is involved in the transcation, the loan can easily close in as little as 45 to 60 days. However, we do have a Fast Track option allows for a 30 day close.

I want to purchase an existing business or Real Estate, but don't want to use all of my savings?

No Problem! 1st Commercial Lending's partners SBA loan programs offer up to 100% financing depending on strength of business and borrower creditworthiness, we can typically offer 90% - 100% acquisition financing plus working capital to help with the transition period.

I'm not sure if I should buy an existing business or start-up a new one?

We hear this question often and can assist with both transaction types. However, In the current lending environment, It is much easier to qualify for a loan on an existing business than a brand new start-up. It is safer for the lender as well as the borrower due to the established revenue trend and built-up goodwill already in the business. That being said, we can offer start-up financing through our SBA 7A program if the specific scenario calls for it.


Quick Quote

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1CL Advantages

  48 Hour Loan Proposals
  Common Sense Underwriting
  Streamlined Closing Process
  No Up-Front or APP Fees Ever!

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Recent Testimonial

1st Commercial Lending really came through for us when my sisters and I wanted to open our small business a few years ago. In a time when banking is so volatile, it was nice to know that someone was on our side to work with us in achieving a small business loan. Mike made the grueling process much simpler and fought for us and our goal.

The people at 1st Commercial are not afraid to roll up their sleeves and work hard to help you get the loan that you need."

Hilary Ross, "Barrel O Monkeys" Kids Gym - Delray Beach, FL