Owning commercial property in Florida isn’t just a milestone—it’s a strategic move that can build long-term equity, lock in predictable costs, and boost your business’s value. But for many entrepreneurs, navigating the commercial real estate loan process can feel overwhelming.
This guide outlines expert tips and strategies for real estate loans for Florida businesses, covering loan types, local lenders, common pitfalls, and step-by-step guidance to help you make smart financing decisions in the Sunshine State.
Florida's economy is booming—with growing populations, rising property values, and increased demand for retail, office, industrial, and hospitality space. Owning your location (or expanding into new markets) helps your business:
Build equity instead of paying rent
Improve cash flow predictability
Enhance your balance sheet and net worth
Control how your space is used and improved
Leverage tax benefits (depreciation, interest deductions)
Whether you’re buying a medical office in Orlando, developing a retail plaza in Tampa, or building a restaurant in Miami, real estate financing is often a smart, strategic step.
Term: 5–25 years
Down Payment: 20–30%
Rates: Fixed or variable
Where to Apply: Local or national banks, credit unions
Best for: Established businesses with solid financials looking for long-term ownership.
Loan Amount: Up to $5.5 million
Structure: 50% bank + 40% SBA Certified Development Company (CDC) + 10% borrower
Terms: 10–25 years
Rates: Fixed, below-market average
Occupancy Requirement: Must use at least 51% of the property
Best for: Businesses purchasing or renovating space they’ll occupy (retail, offices, clinics, warehouses).
Loan Amount: Up to $5 million
Use Cases: Real estate, working capital, inventory, refinancing
Terms: Up to 25 years
Rates: Prime + 2.25–4.75%
Best for: Flexible funding that includes property along with other business needs.
Term: 6–24 months
Interest Rates: 7–12%
Purpose: Short-term loan until long-term financing is secured
Best for: Property investors, urgent real estate deals, or businesses waiting for SBA/perm financing.
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Define your property and business goals
Choose the best loan type for your needs
Get prequalified with a lender
Submit documents and complete application
Undergo underwriting and appraisal
Receive final approval and close loan
Use funds to acquire, build, or improve property
Seacoast Bank – Strong in small business and CRE
SouthState Bank – SBA Preferred Lender with FL presence
TD Bank – Active in South and Central Florida
CenterState Bank – Known for real estate and equipment financing
Live Oak Bank – Nation’s top SBA 504 lender, services all of Florida
Florida Credit Union – Local commercial real estate loan programs
2–3 years of business and personal tax returns
Profit & loss statements
Business balance sheet
Bank statements
Business plan or use-of-funds summary
Lease agreements (if applicable)
Property details, blueprints, or zoning info
Tip: Lenders want to see cash flow projections that justify the loan, especially if you're upgrading or relocating.
Business: SmileRight Dental Group
Need: $1.1 million to purchase and renovate a second office location
Solution: SBA 504 loan via Florida First Capital Finance Corporation
Result:
Secured low fixed-rate loan with 10% down
Added 4 new exam rooms and hired 6 staff
Increased revenue by 55% in 18 months
Takeaway: SBA 504 loans help Florida service businesses expand affordably.
Work with lenders who know Florida zoning and real estate laws
Get prequalified before making an offer
Partner with a commercial real estate agent with loan experience
Ask about hidden fees (e.g., origination, appraisal, environmental)
Overextend with a larger property than you need
Assume your first bank is the best fit—shop around
Underestimate the costs of build-outs, permits, and soft costs
Skip legal or financial advisors during the loan review process
Florida First Capital Finance Corporation – SBA CDC (opens in new tab)
SBA 504 Loan Overview (opens in new tab)
Florida Department of Business & Professional Regulation (opens in new tab)
Buy or build custom facilities
Eliminate rising lease rates
Add new locations across counties
Secure high-traffic commercial property
Customize store layout and signage
Own property instead of sharing mall rents
Buy buildings to host your restaurant, bar, or coffee shop
Renovate and expand with FF&E loans
Convert outdoor space for tourism season
Acquire industrial land
Install machinery or cold storage
Improve delivery and logistics
| Pros | Cons |
|---|---|
| Builds long-term equity for your business | Upfront costs can be high (down payment, fees) |
| SBA 504 loans offer low fixed rates | May require personal guarantee or collateral |
| Secures property in high-demand areas | Long approval and closing timelines |
| Tax deductions on interest and depreciation | Zoning/permitting can delay construction |
In a state known for its growing economy and vibrant business communities, owning your business property can offer stability, control, and long-term financial gain. With options ranging from SBA 504 loans to traditional mortgages and bridge funding, there’s a financing path for nearly every business type and growth stage.
Ready to secure property for your Florida business?
Connect with a local lender, SBA partner, or commercial real estate expert to explore loan options tailored to your goals—and take the next step toward ownership and growth.