Calvin “Sonny” Aldridge Chief Executive Officer United Community Bank Calvin “Sonny” Aldridge is the Chief Executive Officer of United Community Bank, bringing more than two decades of banking leadership and community-focused experience in Louisiana, Sonny is passionate about helping loca l businesses grow through relationship-driven banking and customized financial solutions. What should business owners and real estate investors do before applying for a commercial loan? Business owners should come prepared to clearly explain both their business and the project they are looking to finance. Strong financials and healthy cash flow are important, but lenders also evaluate industry experience, ownership strength, and the long-term viability of the project. Bringing a commercial banker into the conversation early can help borrowers better structure the loan, prepare financial documentation, and understand repayment expectations before moving forward. How has the current interest rate environment impacted commercial lending? Higher interest rates have increased borrowing costs and placed greater focus on cash flow and overall project feasibility. However, we continue to see strong demand throughout South Louisiana. Well-structured projects with experienced ownership are still moving forward, but borrowers are taking a more strategic approach to growth, liquidity, and long-term planning. What are lenders looking for most when evaluating a commercial real estate loan request today? Lenders are focused on strong fundamentals. That includes borrower experience, financial strength, repayment ability, and realistic project assumptions. Cash flow remains one of the most important factors, along with leverage, guarantor support, and market conditions. In today’s environment, disciplined underwriting and clear communication are more important than ever. What are some common mistakes borrowers make during the lending process? One of the biggest mistakes is waiting too long to engage with a lender. Early communication often helps identify challenges and create better financing solutions. Incomplete financial information and unrealistic projections can also slow the process. Borrowers who are transparent and well-prepared typically stand out positively Why is it important to work with a local banking partner? Local banks provide personalized service and a strong understanding of the local market. Community bankers often work directly with clients throughout the relationship, allowing for better communication and faster decision-making. Having a banking partner that understands both the customer and the local business environment can make a significant difference over the long term. Greater Baton Rouge, Bayou Region, River Parishes The Northshore 866.505.3736 | WWW.UCBANKING.COM ...read more read less