By chris
A commercial loan broker helps business owners obtain the funding they need to launch or expand their company. They are an independent third party that helps an entrepreneur obtain capital from a lender.
Businesses often have a hard time getting commercial mortgage financing, so a broker has many contacts that a normal business owner may not have. For example, they may have a specific type of business that is nearly impossible to secure a loan for, yet another may be highly successful and have plenty of capital available. These brokers also have inside knowledge of the lenders that they recommend, allowing them to match a business plan with a lender willing to approve a large enough amount of funding.
Some types of financing options that commercial loan brokers may offer their clients include cash flow notes, vendor accounts receivable financing, merchant cash advance financing, and deferred payment commercial loans.
