Why TruWest
Business Loans to Help You Grow Your BusinessBusiness Loans
Your business requires the perfect financing solution from a trusted lender who understands you and your business. Whether you’re looking for a commercial real estate loan or multi-family housing lending (non-owner occupied), we have an exceptional direct sales and operations team to help you with your business needs. Our business loans feature a streamlined process with fixed-rate funding, fast closings and flexible terms1.
- Lending options from $1M to $10M1
- Multi-Family (non-owner occupied) financing available1
- Fixed-rate options for up to 10 years1
- Industrial and Medical Office financing available1
- Up to 80% loan-to-value with 30-year amortization1
FAQs
Frequently Asked Questions-
What types of business loans and commercial lending does TruWest offer their membership?
Answer:
At this time, TruWest is only providing commercial lending for investor-grade commercial real estate projects (specifically multi-family (non-owner occupied), office, light-industrial and retail).
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What about other types of business lending (SBA, Equipment, A/R and C&I)?
Answer:
At this time, TruWest has several referral network contacts that we can provide to an existing member to explore other business lending programs available in the marketplace.
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If I have a commercial real estate project for which I would like TruWest to provide financing, what do I need to provide?
Answer:
To get started, TruWest needs a copy of the purchase contract (if applicable); the prior year-end Profit & Loss (P&L) statement and a current year-to-date P&L statement; most recent rent-roll for the project; personal financial statement; and prior year federal tax-return filed with the IRS for the ownership entity (and/or include Schedule E if filed on a personal tax return). Additional information will be requested by TruWest, but this information is enough to get us started on a review of your transaction.
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What are the current loan terms for a commercial real estate loan with TruWest?
Answer:
Please contact us to get a current interest rate quote, plus terms and conditions for your particular transaction.
Next Steps
As easy as 1, 2, 3How to Apply for a Business Loan
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1
Contact
Reach out to us and let us know you are interested in a business loan. -
2
Response
A TruWest commercial loan officer will respond via phone or email within 72-hours. -
3
Documentation
Please provide all of the information and documentation requested by the commercial loan officer. -
4
Estimate
TruWest will provide you with a pro forma estimate of a potential commercial real estate loan with TruWest that includes the rate, term, fees, and amortization period. -
5
Deposit
Once a good-faith deposit is received by the borrower, then third party reports will be ordered for appraisal, site inspection, and environmental reports, -
6
Approval
Upon receipt of the third party reports and remaining documentation requested by Business Member Support Team, the loan will be submitted to the Member Business Lending Committee for approval. -
7
Closing
If approved, then closing documents will be ordered and your commercial loan officer will set up your closing appointment.
1Subject to credit and other approvals. Programs, rates, restrictions, terms and conditions apply and are subject to change at any time.