1. What can I use a commercial loan for?

A commercial loan can fund business expansions, equipment purchases, real estate, working capital, or even seasonal inventory. It gives you the financial flexibility to grow or stabilize your business operations depending on what you need most at the moment.

2. Do I need a perfect credit score to qualify for a commercial loan?

Not necessarily. While a strong business or personal credit score helps, some commercial business loan options exist for owners with fair or limited credit. In such cases, collateral, cash flow, or time in business can help balance the risk.

3. What’s the difference between secured and unsecured commercial loans?

Secured commercial loans require collateral—such as equipment, inventory, or real estate. Unsecured loans don’t require assets but may have higher interest rates and stricter terms. The choice depends on your credit strength, loan amount, and risk tolerance.

4. Are there fees besides interest in a commercial loan?

Commercial business loans may include origination fees, prepayment penalties, and closing costs. It’s essential to review the full cost structure before accepting a loan, not just the interest rate. Transparency here helps you avoid surprises down the line.

5. Do commercial loans affect personal credit?

If you sign a personal guarantee or use personal credit to apply, your personal score could be affected. However, repaying a commercial loan on time also strengthens your business credit profile, which helps with future funding.

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Term Loans are made by Itria Ventures LLC or Cross River Bank, Member FDIC. This is not a deposit product. California residents: Itria Ventures LLC is licensed by the Department of Financial Protection and Innovation. Loans are made or arranged pursuant to California Financing Law License # 60DBO-35839