7 Best Commercial Real Estate Loans In 2023

Here are seven of the best commercial real estate loan options available in 2023:

1. SmartBiz – Best for SBA loans up to $500,000. SmartBiz specializes in SBA loans and helps small businesses navigate the application process with ease. It's known for reasonable rates and excellent customer service, though the application process can be slow and suited more for smaller deals.

2. Lendio – Best marketplace for a wide range of commercial real estate loans. Lendio offers loans ranging from $250,000 to $5 million with terms up to 25 years. It's ideal for businesses seeking a comparison of multiple lenders and loan types in one place.

3. Live Oak Bank – Best for USDA loans. Live Oak Bank provides up to $5 million in loans for agricultural and rural development projects, with terms up to 25 years. It's perfect for businesses in niche markets like farming or rural industries.

4. Rapid Finance – Best for high-risk businesses. This lender offers loans from $75,000 to $2 million, catering to businesses with less-than-perfect credit. It’s designed for fast funding and flexible approval but tends to have higher interest rates.

5. National Business Capital – Best for large SBA loans and advisory services. This platform provides access to large SBA loans and expert guidance, with amounts up to $5 million and terms ranging from 10 to 25 years.

6. Bank of America – Offers competitive fixed or variable-rate loans with terms of 10-15 years. The interest rates start around 5.75%, providing flexibility in refinancing or property purchases, making them a reliable choice for established businesses.

7. PNC Bank – Known for business property loans with terms between 5 and 15 years. PNC offers loans starting at $100,001 with competitive variable or fixed rates tied to the prime rate, making it suitable for well-established businesses with strong financials.

Each of these options varies in terms of loan amounts, interest rates, and the level of risk they accommodate, so businesses should choose based on their specific needs and qualifications​.