Land Loans are financing for undeveloped land.

Land loan financing enables your business to take advantage of excellent deals on land where you can build commercial and or residential property. With the financing in place you can purchase property in good locations for the right price, and save money down the road.

You can obtain a raw land loan through a bank or through the Small Business Administration (SBA). The SBA guarantees up to $750,000 of a loan which enables small business to get approved without having larger amounts of collateral. Getting approved for land loans can be difficult if you have not established any business credit scores. If you were to get a mortgage for a house or a car loan you would need to have established personal credit. The same concept works for land loans, however there are programs for persons with less than perfect credit.

___________________________________________________________________________

___________________________________________________________________________