Commercial Real Estate Financing Hannibal MO

Looking for Commercial Real Estate Financing in Hannibal? We have compiled a list of businesses and services around Hannibal that should help you with your search. We hope this page helps you find Commercial Real Estate Financing in Hannibal.

Mr. Gerald E. Schoenborn, CFP®
(573) 769-2955
PO Box 166
Palmyra, MO
Firm
Schoenborn's Tax Service Inc

Data Provided By:
Mr. Kent R. Mcginnis, CFP®
(217) 221-8510
307 N 36th St Ste 115
Quincy, IL
Firm
MetLife

Data Provided By:
Mr. Robert F. Bisser, CFP®
(217) 228-1500
2518 Summer Crk
Quincy, IL
Firm
R.F. Bisser & Associates
Areas of Specialization
Comprehensive Financial Planning
Key Considerations
Average Net Worth: Not Applicable

Average Income: Not Applicable

Profession: Not Applicable

Data Provided By:
US Bank - Hannibal Office
(573) 221-2233
668 Broadway
Hannibal, MO
Drive Up Hours
Mon 09:00 am to 04:30 pm
Tue 09:00 am to 04:30 pm
Wed 09:00 am to 04:30 pm
Thur 09:00 am to 04:30 pm
Fri 09:00 am to 05:30 pm

Bank of America - 24th & Broadway
(217) 228-6270
24th & Broadway
Quincy, IL
Type
Banking Center
Services
Banking Center Services: Change Order, Commercial Deposits, Night Deposits, Drive Up
Indoor ATM Services: Open 24 Hours, Braille, Accepts Deposits
Languages
English, Spanish, Chinese, Korean, French, Russian, Portuguese
Office Hours
Monday 9-4:30
Tuesday 9-4:30
Wednesday 9-4:30
Thursday 9-4:30
Friday 9-5:30
Saturday 9-12
Sunday Closed
Drive Up Hours
Monday 8-5
Tuesday 8-5
Wednesday 8-5
Thursday 8-5
Friday 8-5:30
Saturday 8-12
Sunday Closed

Mr. David D. Jones, CFP®
(217) 653-9171
612 N 11th St
Quincy, IL
Firm
Valic Financial Advisors
Areas of Specialization
Asset Allocation, Comprehensive Financial Planning, Retirement Income Management, Wealth Management
Key Considerations
Average Net Worth: Not Applicable

Average Income: Not Applicable

Profession: Not Applicable

Data Provided By:
Mr. Travis R. Critten, CFP®
(217) 277-2520
510 Maine St Fl 9
Quincy, IL
Firm
Wells Fargo Advisors, LLC
Areas of Specialization
Insurance Planning, Intergenerational Planning, Investment Planning, Life Transitions, Planning for Couples, Retirement Income Management, Retirement Planning

Data Provided By:
US Bank - Hannibal North Office
(573) 221-7608
4701 McMasters Ave
Hannibal, MO
Drive Up Hours
Mon 08:30 am to 04:30 pm
Tue 08:30 am to 04:30 pm
Wed 08:30 am to 04:30 pm
Thur 08:30 am to 04:30 pm
Fri 08:30 am to 05:30 pm
Sat 09:00 am to 12:00 pm

Bank of America - Quincy Main
(217) 228-6200
531 Hampshire
Quincy, IL
Type
Banking Center
Services
Banking Center Services: Change Order, Commercial Deposits, Night Deposits, Drive Up
Outdoor ATM Services: Open 24 Hours, Talking ATM, Braille, Drive Up
Languages
English, Spanish, Chinese, Korean, French, Russian, Portuguese
Office Hours
Monday 9-4:30
Tuesday 9-4:30
Wednesday 9-4:30
Thursday 9-4:30
Friday 9-5:30
Saturday Closed
Sunday Closed
Drive Up Hours
Monday 8-5
Tuesday 8-5
Wednesday 8-5
Thursday 8-5
Friday 8-5:30
Saturday Closed
Sunday Closed

Wells Fargo Advisors
(573) 221-4500
3935 McMasters Ave
Hannibal, MO

Data Provided By:
Data Provided By:

Commercial Real Estate Financing - Where To Get It And How

Purchasing property that will be used for your business is, in most cases, the biggest startup expense business owners have. There are several ways, and numerous places to obtain commercial real estate financing , whether you are buying an existing building, purchasing land and constructing a new building, or buying and remodeling an existing building to meet your businesses requirements.

Common sources for commercial real estate financing are banks, savings and loans, mortgage companies, venture capital firms, and even insurance companies. You can also obtain financing through the Small Business Administration through their 504 loan program, which was designed for small business commercial real estate financing , and offers a low down payment, low fixed-rate interest, 20 year terms, and steadily decreasing fees through a partnership between banks and non-profit development companies. There are also firms that specialize in finding commercial real estate financing for their clients. These firms do not provide the financing; they simply work to find the financing for their clients, for a fee.

Start with the Small Business Administration. The SBA is in the business of helping small business owners. Therefore, they work to make things less complicated for their clients. If you fail to get a commercial real estate loan through the SBA, you should strongly consider hiring a firm to help you find the financing you need. The time and effort that you will save are greatly worth the fees that will be required. These firms can be easily found by doing a search on the Internet for " commercial real estate financing ."

Documents that will be requested by the potential lenders will be your business plan, financial statements for the last five years, federal income tax returns for the last five years, articles of incorporation (if you are incorporated), and your business licenses. The lenders will also want as much documentation as possible on the real estate.

If you are purchasing land to build on, the lender will want the specifics in regards to the land, including the price, as well as blue prints and construction costs for the building. A common problem that many business owners face when they obtain financing for the construction of a new building is that they do not apply to borrow enough funds for the completion of the building. That is why it is best to have the blueprints drawn up, and to get estimates from three or four construction companies first. This is also true if you are planning to remodel an existing business.

For existing buildings that will not need to be remodeled, provide the lender with documentation concerning the dimensions, the age, and the condition of the building, as well as the seller's asking price and contact information for the seller or realtor. Many lenders will require that the building be inspected by a professional and that you provide them with a report of the inspector's fi...

Click here to read the rest of this article from GlobalBx