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How Can You Secure a Commercial Loan With Your Credit History

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Securing a commercial loan is not all about having an impressive personal financial or credit history

Lenders will often look first at the condition of your subject property and its capacity to service the loan in conjunction with its daily operations.

Also expect the lender to possibly ask for a copy of the subject property’s rent roll, two-year operating history, latest capital improvements, present mortgage statements, indoor and outdoor property photos, purchase contract and more.

Using all this information, the lender will do what it calls a debt-service coverage ratio analysis. This is to find out if the property financials are capable of supporting the loan request.

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