Commercial Lenders Tampa, FL

Acquiring a loan for your business in Tampa, FL, necessitates thorough preparation and strategic planning. As commercial lenders, Customers Bank offers various financing options tailored for small to medium enterprises.

We are the leading subsidiary of Customers Bancorp, Inc., ranked among the country’s top-performing banking companies. With assets exceeding $22 billion, we are one of the 100 largest bank holding firms in the US. Our expert team can assist you with finding the right loan.

Types of Loans Offered by Commercial Lenders

As commercial lenders, we offer a range of loan types to businesses. Here are some of the most common:

Commercial Real Estate Loans

When your company grows, you may consider investing in property. While real estate financing initially seems overwhelming, Customers Bank provides commercial real estate lending services to help you reach your business objectives. Our loans can be customized to fit your budget and schedule and are suitable for buying, remodeling, and building commercial, retail, industrial, and mixed-use real estate developments.

Government-Backed Loans

Instead of offering direct loans to businesses, the US Government relies on the Small Business Administration (SBA) to guarantee loans for qualifying companies. These loans can cover startup costs, working capital, expansions, and real estate purchases. However, because the SBA guarantees up to 85% of the loan, stricter requirements and additional paperwork may be involved. Those seeking an SBA loan must seek out an SBA-approved lender, such as Customers Bank.

Term Loans

One way to secure funding for essential expenses such as business technology, office renovations, or debt refinancing is through business term loans. The loan amounts and repayment terms may differ depending on factors such as your credit score and the chosen lender, with short-term loans typically ranging from one to two years and long-term loans ranging from six to 20 years.

Business Equipment Loans

According to the Equipment Leasing and Finance Association, most American businesses (approximately 80%) rely on equipment financing. This form of funding allows businesses to use the equipment they purchase as collateral, whether it is a loan for a large piece of machinery worth $100K or for smaller items such as computers and printers. Compare offers from various banking institutions to secure the most favorable terms and rates.

Business Line of Credit

A line of credit for businesses can help those experiencing financial difficulties. It functions in a similar way to a credit card, providing access to an approved amount of up to $100,000 based on creditworthiness. Use it to cover various expenses, such as cash flow, payroll, inventory, equipment repairs, etc. Only the interest is required to be paid on the withdrawn funds. As the loan is paid off, the credit is renewed, allowing the same funds to be utilized again without going through another loan application.

Key Points

As a commercial lender, Customers Bank is dedicated to supporting businesses in Tampa, FL, as they work towards expanding operations. If your company faces financial obstacles that are hampering growth, do not hesitate to reach out to us. We can assist you in determining the most suitable commercial financing option for your business needs.