Commercial Finance Partners Small Business Loans Review

Commercial Finance Partners Small Business Loans is a business financing offering by Commercial Finance Partners, based in Boca Raton, FL. Founded in 2014, Commercial Finance Partners offers access to business loans in 50 states (and Washington, DC).

What are Commercial Finance Partners Small Business Loans’s rates?

Commercial Finance Partners Small Business Loans offers a fixed APR business financing product that ranges from 0% APR up to 99% APR.

Does Commercial Finance Partners Small Business Loans charge an origination fee?

Yes, Commercial Finance Partners Small Business Loans charges a loan origination fee.

What limitations does Commercial Finance Partners Small Business Loans set on the purpose of the loan?

Commercial Finance Partners Small Business Loans considers loan applications for business purposes, such as:

• Business Debt Refinance
• Equipment Purchase
• Hiring
• Inventory
• Lease Improvement
• New Location
• Payroll
• Product or Service Expansion
• Technology Investment
• Working capital

What types of business loans does Commercial Finance Partners Small Business Loans offer?

Not all business loans are made equal. The type of loan you choose will determine the range of rates and terms you receive. Commercial Finance Partners Small Business Loans provides access to the following business loan types:

• Unsecured term loans
• Secured Term Loans
• SBA Loans
• Invoice Financing
• Merchant Cash Advances
• Commercial Real Estate
• ACH Cashflow Loans
• Bridge Loans

Does Commercial Finance Partners Small Business Loans charge prepayment fees?

Yes, Commercial Finance Partners Small Business Loans charges additional fees to borrowers who pay off their loans sooner than anticipated. Take this into consideration when choosing a lender because prepayment penalties can reduce or even cancel the interest savings of repaying a loan early.

What do you need to qualify for Commercial Finance Partners Small Business Loans?

Commercial Finance Partners Small Business Loans does not require borrowers to have been in business for a minimum number of years. Businesses don't have to meet a minimum annual revenue to be considered.

Commercial Finance Partners Small Business Loans does not require or does not disclose a credit score minimum.

The Military Lending Act (32 C.F.R. § 232) prohibits lenders from charging service members more than 36% APR on credit extended to covered borrowers. APRs for the Commercial Finance Partners Small Business Loans product fall outside of the MLA limits and as a result the product cannot be issued to these applicants. Active duty service members and their covered dependents are considered “covered borrowers" under the Military Lending Act.

U.S. citizens are, of course, eligible for the services offered by Commercial Finance Partners Small Business Loans. Permanent resident / green card holders are also eligible to apply.

To qualify, applicants may need to provide the following documentation:

• Proof of income
• Proof of identity