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  The Business Backer Commercial Real Estate Loans
The Business Backer Commercial Real Estate Loans
in Commercial Mortgage from The Business Backer
Unaffiliated

The Business Backer Commercial Real Estate Loans

Unaffiliated
in Commercial Mortgage from The Business Backer
Net Recommendation Score +100  

SUPERMONEY NET RECOMMENDATION SCORE

This product is strongly recommended by SuperMoney users with a score of +100, equating to 5 on a 5 point rating scale.

+100

Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

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Highlights
Community Rating

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Minimum Months in Business 12
Minimum Revenue $180,000
Loan Amount Up to $7
Loan Term (Years) Up to 25 years

The Business Backer Commercial Real Estate Loans Review

The Business Backer Commercial Real Estate Loans is offered by The Business Backer, a financial services company founded in 2007 and based in Cincinnati, OH. The Business Backer Commercial Real Estate Loans are available in 33 states (and Washington, DC).

The Business Backer Commercial Real Estate Loans FAQ

How much can you borrow via The Business Backer?

The Business Backer allows borrowers to apply for commercial mortgages with loan amounts of up to $75,000,000.

What is the maximum loan term you can get with The Business Backer?

The Business Backer offers commercial mortgages with a maximum term of 25 years. Having the option of longer terms allows borrowers to take on larger loan amounts while keeping monthly payments more affordable. However, the longer the term of your loan, the more interest you will pay.

What type of guarantors does The Business Backer require?

  • Business

Does The Business Backer charge a mortgage origination fee?

No, The Business Backer does not charge a mortgage origination fee.

Some lenders charge an origination fee for processing, underwriting, and funding a commercial mortgage. Typically fees range from 0.5% to 5% of the loan amount. Whenever possible, go with lenders that don’t charge origination fees.

What limitations does The Business Backer set on the purpose of the loan?

The Business Backer considers loan applications for business purposes, such as:

  • Lease Improvement
  • New Location
  • Working capital

What are the business financing requirements for The Business Backer?

To apply for The Business Backer Commercial Real Estate Loans, the applicant needs to provide the following business document:

  • Business License
  • Business Bank Account
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Message From The Business Backer Commercial Real Estate Loans

Running a small business takes determination and hours of hard work. That’s why we crafted our small business loans to help you spend less time worrying about financing and more time driving your business toward success.

The Business Backer’s small business loan is a term loan, meaning you get a lump sum payout that you pay back over a set repayment period, plus interest and any fees. Our application process takes just minutes, and as long as we have all the required documentation needed, you can receive a decision within hours. We also make sure you have the flexibility to choose the repayment schedule that best fits your small business’s finances.

Availability

  Available in 33 states and Washington, D.C.
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • Florida
  • Georgia
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • Nevada
  • New Hampshire
  • New Jersey
  • New Mexico
  • North Carolina
  • North Dakota
  • Ohio
  • Washington, DC

Feature Breakdown

No Origination Fee
Origination Fee (%) 0% - 3%
Business Financing Requirements
  • Business License
  • Business Bank Account
Credit Score Range 550 - 850
Guarantor(s) Business
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Military Status
  • Non-Military
  • Veterans
Minimum Age 18
Minimum Months in Business 12
Minimum Revenue $180,000
Verification Documents Required
  • Proof of Income
  • Proof of Identity
  • Business Formation Documents
  • Recent Bank Statements
  • Social Security Number
  • Business Tax Return
  • Employer Identification Number
Approval Speed 48 hours
Credit Bureau Reporting
  • Experian
  • Equifax
  • TransUnion
Payment Frequency Monthly
Payment Options
  • Automatic Payments
  • Credit/Debit Card
  • Bank Transfer
APR Type Fixed APR
Loan Amount Up to $7
Loan Term Up to 25 years

The Business Backer Commercial Real Estate Loans Community Reviews

 

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SUPERMONEY NET RECOMMENDATION SCORE

This product is strongly recommended by SuperMoney users with a score of +100, equating to 5 on a 5 point rating scale.

+100

Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

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