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How to Get Commercial Construction Loans
 Commercial construction loans are loans for companies building new developments, new apartment complexes or other properties that will be sold or rented to others, or those businesses looking to build their own establishment. Loans for construction are harder to get than standard home or real estate loans because the structure has not been built yet.
Instructions
          * 1. Determine if your business or your personal credit will be used to secure the commercial construction loan. If you have an established construction business or have a business license for a business with its own identification, personal credit use is not necessary. If you are just starting your business, you may need to use your personal credit history to get the loan.
             * 2. Talk to lenders such as commercial banks and mortgage lenders available to you online or locally. Most will provide commercial loans if the builder and eventual owner present the property to them in detail, through documentation, and they can show the value of the construction is high enough to cover the costs of the loan.
          * 3. Work with lenders that specialize in commercial construction loans or construction loans in general. Some lenders offer more construction loans than other lenders do. They have departments designed to help ensure the process goes smoothly.
             * 4. Get quotes from several lenders through both calling them and through online applications. Lenders often offer a range of different loan options, different terms and interest rates. Compare them to find the most affordable option for you.
                  * 5. Consider hard money loans available through private lenders if you do not qualify for standard commercial construction loans. These are from private, local and online, lenders who are not banks. They are often costly in terms of fees and interest but offer a solution to an otherwise impossible problem.
          * 6. Secure the loan with the right commercial construction lender. Through providing details on the property (including diagrams and architectural design) as well as a thorough business plan, you will secure the loan you need.

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