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CommonLending

Expansion

Opening another spot, renovating the storefront, or adding workspace.

What it is

Expansion is a build-out, another location, or more room to work. A term loan is a common comparison for a defined project. A commercial building is a different topic from a home equity line.

What's typically needed

  • Latest three months of business bank statements
  • Time in business
  • A government-issued photo ID
  • Basic business details, such as legal name and industry
  • A short description of the project
Start application

Applying has no impact to your credit. Submitting this form does not pull a credit report.

Related: Term loan · Commercial real estate · SBA-guaranteed loan