Yes — commercial loans are generally harder to get compared to residential mortgages or personal loans.
Here’s why:
- Stricter requirements: Lenders want to see solid business financials, tax returns, and cash flow projections.
- Higher down payment: Many banks ask for 20–30% down (sometimes more, depending on the deal).
- Collateral: Commercial properties or business assets often secure the loan, which adds risk for the borrower if the business struggles.
- Credit history: Both your personal and business credit scores matter. Weak credit can make approval tougher.
- Complex review process: Underwriting is more detailed since commercial properties and businesses are riskier than homes.
👉 Bottom line: yes, they’re harder to qualify for, but not impossible — especially if you have strong financials, a good plan, and the right lender.
At Trealtorr, we specialize in connecting borrowers with the right lenders. As mortgage brokers, we know which banks and private lenders are more flexible, what programs you might qualify for, and how to present your application so it gets approved faster. Instead of guessing, you get a guide who knows the landscape — saving you time, stress, and (let’s be honest) headaches. Call or text anytime at +13478316085.