Monarch Commercial Capital Review

Pros and cons.

Pros

• Simple online application
• Personal service
• Variety of loans

Cons

• Smaller institution
• Selective qualification requirements
• Slower funding time than online lenders

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Loan offerings through Monarch Commercial Capital.

Monarch Commercial Capital provides a broad spectrum of loan options to suit the varied needs of businesses. Their offerings include SBA 7(a) and SBA 504 loans, commercial real estate loans, working capital (revenue-based financing), and more. With its diverse range of products, Monarch Commercial Capital aims to meet the financing needs of businesses at different stages of growth. This review will focus mainly on commercial real estate loans.

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Things to consider.

Variety of loan options.

One of the key strengths of Monarch Commercial Capital lies in its variety of loan options including commercial real estate loans, business acquisition loans, franchise start-up loans, debt refinance loans, and working capital loans (revenue-based financing). This diversity ensures that regardless of your business stage or specific need, there’s likely a financing solution available.

For entrepreneurs just starting, securing financing can be a daunting challenge. Monarch’s array of loan products, including those tailored for new businesses, provides a welcoming platform for discussion and discovery. Established businesses looking to expand or refinance can also find value in Monarch’s personalized approach, as it offers more than just a transactional service—it seeks to build a partnership. This approach is helpful for businesses that may not fit the traditional lending mold, enabling them to explore creative financing solutions.

Quick and easy application.

To apply for a loan through Monarch Commercial Capital, you’ll fill out an application form, which should take five minutes or less. Be prepared to state your intended loan purpose and share basic details about your business and its financials.

Personal service

Upon applying, a representative from Monarch will reach out to discuss your specific needs and options, providing a level of personalized service that’s hard to find in the digital age. This one-on-one consultation is not only about collecting numbers and ticking boxes; it’s an opportunity for Monarch to understand your business and craft a financing solution that best fits your unique situation. This level of service can be particularly beneficial to businesses applying for an SBA 504 loan, which can be a complicated process since it involves multiple lenders.

Selective qualification criteria.

With a minimum credit score of 600 and a high minimum loan amount, this lender will be best for established businesses looking to buy a large piece of commercial property. Like a personal mortgage, most commercial real estate loans require a down payment.

Evaluation

Monarch Commercial Capital is best for:

• Established businesses. Monarch excels in providing service to companies that have been in operation for a while, particularly those looking to expand or revamp their existing operations through purchasing new properties or refinancing.
• Businesses with good credit. A minimum credit score of 650 is required, making Monarch an excellent choice for businesses with a strong credit history who are seeking competitive financing options.
• Entrepreneurs needing guidance. For business owners who appreciate a partnership approach and who may benefit from the personalized service that Monarch offers, including navigation through the complex world of commercial financing.
• Companies looking for a variety of loan products. Whether it’s purchasing real estate, refinance, acquiring another business, or needing working capital, Monarch’s broad array of financing solutions can meet diverse business needs.
• Clients valuing personal service over speed. For those who prioritize a thorough understanding of their financing options and a tailored solution over the quick digital application process offered by many online lenders.

Where Monarch Commercial Capital might fall short:

• Longer processing times. Compared to online lenders, Monarch’s 4-8 week funding timeline might not suit businesses in need of quick capital.
• High minimum loan amounts for commercial real estate loans. With starting loan amounts at $100,000 for SBA 504 loans and $250,000 for conventional loans, smaller-scale needs may be better served elsewhere.
• Potential for higher costs. Personalized service and the brokerage model can sometimes mean higher costs or fees for the borrower, making it crucial to compare with direct lending options.
• Smaller institution. Being a smaller brokerage, Monarch Commercial Capital may not have the same level of resources as larger financial institutions.

How to apply for financing from Monarch Commercial Capital through Lendio.

Applying for financing through Monarch Commercial Capital via Lendio is a streamlined process designed to connect your business with the funding it needs with minimal hassle. Lendio is a small business loan marketplace with multiple lenders that will help match small businesses with loans that suit their unique needs. Here’s how you can get started:

1. Complete Lendio’s online application form: You will complete a brief online application on Lendio’s website. The form asks for basic information about your business, such as its name, how long it’s been in operation, your monthly revenue, and the amount you want to borrow.
2. Documentation submission: Alongside your application, you will be asked to submit documents that verify your business’s financial standing. These could include recent bank statements, income statements, balance sheets, and tax returns. Having these documents ready in advance can speed up the process.
3. Review and acceptance: Once your application is submitted, Lendio will match you with potential lenders that fit your needs. If Monarch Commercial Capital is a good fit for your financing requirements, you will receive an offer outlining the loan terms. Review these terms carefully to ensure they align with your business goals and repayment capabilities.
4. Finalize the deal: If you decide to proceed with Monarch Commercial Capital, you will work directly with their team to finalize the loan details. This may involve additional verification steps or documents.

The bottom line.

Monarch Commercial Capital is a valuable partner for businesses needing commercial real estate financing. Its commitment to personal service, variety of loan options, and focus on fostering long-term relationships make it an appealing choice for business owners who value a tailored approach. 

Whether you’re looking to expand, refinance, or simply explore your financial options, Monarch Commercial Capital’s professional guidance and comprehensive financing solutions position it as a standout choice in commercial lending.Ready to compare Monarch Commercial Capital with other financing options? Check your eligibility and get multiple financing offers for your small business in one place.

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