Penn Street Mortgage is excited to announce the expansion into Commercial Financing. Penn Street Mortgage has been a community focused residential lender for over 15 years & will now offer Business and Commercial Real Estate Financing.
By offering business and commercial real estate financing, we hope to continue serving our community by adding value for our clients
With this addition, the processing and systems available will offer a better experience for our clients, as well as a ton more options in financing. For commercial lending, our team will help to determine your loan needs, short-term or long-term. By offering a variety of financing under one roof, we can identify the best loan that fits your business or commercial property.
What Is Commercial Financing?
Commercial financing covers various financial products that offer businesses short- or long-term funding. Lenders or providers outside the business usually give these.
Business owners choose commercial financing to fund their growth. This is the solution for enterprises that are roadblocked by financial obstacles.
What Is a Commercial Finance Agreement?
The agreement signed by the borrower and lender of a commercial loan is called a commercial financing agreement. It includes all the necessary details of the loan, including names, rates, conditions, and the borrower’s warranty. Your mortgage broker will discuss all the information in the agreement.