You may want to start a business or develop a project but you do not have adequate funding. Do not give up as there are alternatives that can help you gain access to the funding you need. Commercial loans are one of these options and they help individuals to buy business premises or commercial buildings for both new and existing businesses. They are also used to purchase a business asset or even when you want to finance the expansion of an established business.There are different commercial loan lenders in the market and it is advisable that you do your homework before you settle for a particular one. There are various requirements that lenders look at to assess if you are qualified for this type of loan. One factor that the lenders look at is your credit history. There are also various kinds of policies and processes that need to be followed before they can approve the loan.It is important for you to produce all your business documents since the lender has to be aware of your business and what you intend to do with the money. It is also a good idea to have a solid business plan showing your income. Most times, commercial loans are secured loans since they deal with large amounts of money. If you have the collateral, you will pay lower interest rates and if you have a good credit history plus solid repayment capacity then you can even get an even more reduced rate.The amount to be borrowed is normally determined by personal circumstances. The lender will assess the amount that you are capable of repaying on an installment basis. The repayment period for commercial property is flexible and you have five to thirty years duration.