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Commercial Loans

Terms you can work with.

It takes money to make money. We have dedicated Business Services staff ready to find you the right solution for your business, whether you’re just getting started or expanding. 


Commercial Loans

Whether you’re in need of a commercial real estate loan, term loan or working capital line of credit, Suncoast Business Services is here to help you discover and apply for the financial assistance your company needs.

  • Real Estate

    Commercial Real Estate Loans

    Commercial real estate loans can help with property purchases, refinancing and improvements. They’re great if you’re building or buying new office space, manufacturing facilities or warehouses to store inventory. We offer fixed or variable rates, and finance terms up to 15 years.

    • Local decision making
    • Competitive rates
    • Longer repayment terms
    • Restructure debt

    Commercial Mortgage Special – As Low As 3.75% APR*

    As a Suncoast business member, we will provide you with the support you need to grow your business. If you are ready to add office space or other buildings, we can help you every step of the way.

    • 10-year fixed term, up to 20-year amortization
    • Low origination fee
    • Available for both purchase and refinance of owner-occupied improved property

    Get started today by contacting our Business Development Officers.

    Investment Properties

    When it comes to investment properties, Suncoast lets you finance up to 70% of your purchase, refinance or make property improvements for up to $150,000. Choosing Suncoast for your property loan needs means you’ll have your investment property mortgages in the same place as your personal accounts. These days, many lenders won’t offer investment property loans, but we do because that’s what our members need. 

     

    *APR=Annual Percentage Rate effective 09/26/2016. All loan decisions are subject to approval. Certain terms and conditions apply. Rates, terms or conditions are subject to change at any time. The following must be provided in order to qualify for this loan special: property must be owner-occupied, a completed loan package which includes the loan application, previous three years of tax returns for borrowers and guarantors, previous three years of financial statements, and signed personal financial statements. Risk-based pricing may result in a higher rate. Offer applies only to business mortgage loans with a maximum term of ten years and a maximum amortization of 20 years. All closing costs and other related expenses must be paid at closing and are the responsibility of the borrower. Business real estate loans already financed with Suncoast Credit Union do not qualify. Promotion ends 12/31/2016. Promotional date is subject to change.

starting

Starting Your Own Business

If you’re thinking about or getting ready to start your own business, here are some things a lender will want to know in order to apply for a loan:

  • Business Plan (including 3 years projected profit and loss statement)
  • Resume of experienced management
  • Personal financial statement and tax returns (past three years of returns)
  • Members must have 25-35% of their own funds to put into the business
  • Personal resources or assets for collateral
  • Business structure – (Sole Proprietor, LLC, LLP, Corporation, etc.)
  • Market study considering competition and market climate
  • No criminal history by any owner (SBA requirement)
  • Statement of how the borrowed funds will be used to start the business

For low to no cost assistance in starting or improving your business; contact these government and state level organizations:

Florida Small Business Development Corporation (SBDC)

Small Business Administration (SBA)