LTV* Up to 80%
Borrow up to 80% of your loan-to-value ratio
Terms Up to 15 Years
Choose the right term for your business. Enjoy low monthly payments over a longer term or pay your loan back quickly so you can move on to the next project
Fixed and Variable Rates Available for Qualified Products**
Business owners can choose between the predictability of a fixed-rate loan, or the flexibility of variable rates
Affordable closing costs and no prepayment penalties
Grow your business and achieve your goals with the right rate for you and your business
Added flexibility to make payments on only the loan interest***
Business Mortgage Details
Business mortgages loans are available to all kinds of businesses that require a physical location.
To apply for a business mortgage loan, you'll need to provide documentation including income tax returns and a personal financial statement. Non-members may apply but you'll need to establish membership with Best Reward Federal Credit Union before you can be approved. Find out if you are eligible to join HERE.
After applying for your loan, you'll receive a decision in three to 10 business days, depending on its complexity. Your interest rate will be based upon the qualities of your loan application and your relationship with Best Reward.
"The staff is fantastic! They are friendly and when I have questions they know the answers and steer me in the right direction as to what is best for my banking needs." — Sandra H.
"Great team. Helped me a lot!” — Ricardo K.
"From the moment I joined Best Reward I was treated so warmly and not just like an account number. I feel like I am part of a family rather than a banking system.” — Jeanetta L.
Frequently Asked Questions about Business Mortgage Loans
What types of businesses do you provide mortgage loans for?
A business mortgage loan is available to any kind of business.
Are there any fees associated with a business mortgage loan?
Every loan has a $350 Loan Origination Fee. Depending on the type of loan and collateral there may be additional fees for third party or regulatory charges, etc.
How can I apply for a business mortgage loan?
It’s easy to apply online. You can also call us at (440)-232-9540 or visit a Best Reward branch to apply in person.
What other products and services does Best Reward offer for businesses?
Does your business require equipment? Best Reward also offers business equipment loans to finance cars, SUVs, vans, trucks, or other commercial vehicles to take your business to the next level. Learn more here.
Ready to Apply for Your Business Mortgage Loan?
All loans are subject to credit approval, verification, and collateral evaluation if applicable. Maximum real estate loan is $1,000,000. All owners are required to give a full personal guarantee. Certain restrictions may apply. All credit union programs, services, rates, terms and conditions are subject to change at any time. During the process of your loan application, additional documentation may be requested at any time regardless of credit, length of business, or loan amount. *LTV (loan amount to value of collateral) requirement may vary depending upon collateral, type of transaction and credit risk.** The rate you receive will be based on your credit history and other factors ***Loan interest rate in this product may be adjusted on a monthly basis based upon changes in Prime Rate. All loans are subject to credit approval and verification. For highly qualified borrowers only. Products and rates are limited to the state of Ohio and subject to change without notice. Dollar limits apply. Other restrictions may apply.