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Commercial lenders offer loans that are backed by hard collateral, which, in most cases, is real estate, but can be other types of assets. Such lenders are usually more lenient with the qualifications they require, which may make it easier to get funding for you business using this type of loan method. Although they provide flexibility, commercial lenders have higher rates than banks.

You can either work directly with a commercial lender to get a business loan, or you can choose to work with a broker, who can evaluate your situation as a borrower and recommend lenders to use. Working with a broker can be more costly, and it may take longer to get financed than if you work directly with a lender. Commercial lenders generally specialize in hard money and bridge loans, which often take as little as two weeks to close.