Beware that some lenders will want to put an additional lien on your private home above and beyond that placed on your commercial loan. This is a very delicate situation indeed. It’s understandable that the one loaning you money will want to secure it in any way feasible. Allowing a lien to be placed on your private property in order to further your business could endanger not only your fiscal well-being, but that of your family as well. You should only proceed with this course of action with the greatest of care.
You might want to do some research on commercial mortgage lenders by looking for the ones that are more likely to risk lending you money for your new business. You are very likely to get help from a commercial mortgage broker who, of course, must maintain relationships with several different lenders. Remember that he can best tell you how different lenders operate given a specific set of parameters. Even though today’s economy is tough on commercial mortgage brokers, they still want to help you succeed because they only get money when you get a loan.