Commercial loans explained
The meaning of the loan that is commercial be confusing as it can certainly differ based on each bank or lender. Most often it may be thought as among the following:
- greater value business loans (more than $1 million)
- loans for buying property that is commercial genuine property
- general loans (ie. loans with commercial intent)
At OnDeck our short-term business loans are occasionally described on the market as commercial loans. Continue reading