Commercial Loans are loans used for business or industrial purposes and it is considered as a key source of funds for the business section. This is a major line of business since they provide credit for a varied section of business purposes.Commercial Loans are available in various forms. The common type is the business loan and the amount can vary depending on the income of the borrower. This can now be decided online. These Loans have repayment options keeping in mind the interests of the borrowers. One of the payments is termed as Equal Payment Mortgage where the borrowers have the option to pay the amount of the loan either monthly or on a quarterly basis.Flexible payment terms are offered to the borrowers for a industrial loan. Such options may offer fixed or variable rates and other convenient repayment options tailored according to the borrower’s needs.Types of Business Loans :Industrial Loans on Real estateMajor business companies often go for a commercial real estate loan to construct minor commercial structures like apartments, hospitals, buildings etc. In commercial real estate, loans the borrower’s always pay an affordable interest rate.Commercial MortgagesIt is known as the best business loans offered because it is very flexible and provides good deal on business loans to purchase property or building. The borrower can keep the same property as a collateral security against the commercial loan taken and thus the lender takes over a legal claim on the property until the loan is paid. In case of commercial mortgage’s you can borrow 80% of the loan amount and the rest you can use it as an insurance to cover up the cost if any risk arises.Income Property LoansIncome property loans are used to buy a property or refinance a mortgage already taken, and then this industrial loan can be invested on apartments, retail outlets from where income would be generated.