Fit Small Business: Get Your Business Into Shape! › Forums › Ask a Question › Is there a way to borrow against my commercial property? › Reply To: Is there a way to borrow against my commercial property?
Great question! So typically you should be able to find a commercial mortgage that uses your property as collateral. If the property is worth $300k and there are no other liens on the property than you seem to be a good candidate. However, loans issued with a commercial property as collateral are at the discretion of the lender.
I’d check out this article we have here on commercial real estate loans. There are actually a few other loan options that don’t use commercial property as collateral with credit score requirements below 680.
Hope this helps!