Commercial Real Estate Financing Sioux City IA

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

Jay Edward Morrison, CFP®
(712) 234-4043
302 Jones St Ste 210
Sioux City, IA
Firm
Robert W. Baird
Areas of Specialization
Asset Allocation, Charitable Giving, Comprehensive Financial Planning, Debt Management, Education Planning, Employee and Employer Plan Benefits, Estate Planning
Key Considerations
Average Net Worth: $500,001 - $1,000,000

Average Income: $100,001 - $250,000

Profession: Not Applicable

Data Provided By:
Mr. Dan L. Demarest, CFP®
(712) 277-6607
601 Pierce St
Sioux City, IA
Firm
Security National Bank
Areas of Specialization
Asset Allocation, Banking, Business Succession Planning, Charitable Giving, Employee and Employer Plan Benefits, Estate Planning, General Financial Planning
Key Considerations
Average Net Worth: Not Applicable

Profession: Not Applicable

Data Provided By:
Ms. Myra Alley Kingsbury, CFP®
(402) 494-4642
2021 Dakota Ave
South Sioux City, NE
Firm
Ameriprise Financial
Areas of Specialization
Retirement Planning
Key Considerations
Average Net Worth: $500,001 - $1,000,000

Average Income: $50,001 - $100,000

Profession: Self-Employed Business Owners

Data Provided By:
Mr. Kevin A. Keane, CFP®
(712) 258-8600
325 W 7th St
Sioux City, IA
Firm
Ameriprise Financial Services
Areas of Specialization
Asset Allocation, Budget Development, Business Succession Planning, Comprehensive Financial Planning, Debt Management, Education Planning, Estate Planning
Key Considerations
Average Net Worth: $250,001 - $500,000

Average Income: $100,001 - $250,000

Profession: Medical/Dental Professionals

Data Provided By:
Mr. Marc A. Geels, CFP®
(712) 224-4651
5764 Sunnybrook Dr
Sioux City, IA
Firm
EFS Group

Data Provided By:
Mrs. Gail M. Bivens-Rose, CFP®
(712) 234-4030
302 Jones St Ste 210
Sioux City, IA
Firm
Robert W. Baird & Co. Incorporated
Areas of Specialization
Business Succession Planning, Comprehensive Financial Planning, Employee and Employer Plan Benefits, Intergenerational Planning, Retirement Income Management, Women's Finances
Key Considerations
Average Net Worth: $1,000,001 - $5,000,000

Average Income: $250,001 - $500,000

Profession: Self-Employed Business Owners

Data Provided By:
Mr. Joseph R. Mohrhauser, CFP®
(712) 258-5550
522 4th St
Sioux City, IA
Firm
KRP Financial Services LLC
Areas of Specialization
Accounting, Asset Allocation, Business Succession Planning, Divorce Issues, Education Planning, Employee and Employer Plan Benefits, Estate Planning

Data Provided By:
Mr. Michael F. Keane, Clu, Chfc, CFP®
(712) 258-8600
325 W 7th St
Sioux City, IA
Firm
Ameriprise Financial Services,Inc.
Areas of Specialization
Asset Allocation, Education Planning, General Financial Planning, Long-Term Care, Retirement Planning, Wealth Management
Key Considerations
Average Net Worth: $250,001 - $500,000

Average Income: $50,001 - $100,000

Profession: Not Applicable

Data Provided By:
Mr. Robert W. Houlihan, CFP®
(712) 255-3450
4240 Hickory Ln Ste 100
Sioux City, IA
Firm
Houlihan & Associates PC

Data Provided By:
Mr. Joseph D. Kruse, CFP®
(605) 242-3200
330 Oak Tree Lane Ste B
Dakota Dunes, SD
Firm
Kruse Financial Group

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...

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