Competition for Commercial Financing Business a Good Thing
Residential loans are smaller, so there are naturally more institutions able to compete in the residential mortgage market. But commercial financing products usually involve very large amounts of money, so many small institutions can’t keep up.
This shrinks the number of competitors and means less competition in the market, and potentially poorer service and more expensive products for you the borrower. Smaller firms like East Coast Commercial Finance offer an attractive alternative to large banks and financial institutions.
