One type of commercial loan program available through www.sbaclc.com is Private Placement Program (PPP) loans. PPP is a special kind of commercial loan where the loan is underwritten by private investors who are willing to supply you with the funds needed for your business. In return, you guarantee the loan using commercial collateral and agree to pay the money back with interest. How PPP loans are generated are the result of private investors raising money and making it available to other businesses to lend. In 2012, PPP investors raised over $1.3 trillion dollars designated for commercial loans. The investor reserves the right to sell your loan to another lender or financial institution at any point. Investors sell loans in order to raise money to borrow to other businesses. In the event they do sell your loan, you are still obligated to pay back the money.
PPP loans can be secured through http://www.sbaclc.com for a variety of businesses, including apartment complexes, retail shopping centers, gas stations, convenience stores, self-storage, grocery stores, funeral homes, parking garages, office buildings, restaurants, manufacturing, industrial, and hotels, as well as numerous types of operations. These loans are offered to help with purchasing, refinancing, rehabilitation, construction through stabilization, and bridge financial needs. In addition to other conventional and traditional commercial real estate loans, it is well worth your time to explore all of your options, including those available with PPP loans. Submitting your application through Commercial Lending Corporation ensures all available loan programs including PPP are considered, in order to help you secure the financing you require for your business.