Growing Your Business With a Stated Income Commercial Real Estate Loan

If you want to secure a smart financial solution that does not involve a significant amount of paperwork or require perfect credit, a stated income commercial real estate loan could be the option for you. This type of funding is flexible and provides companies of all sizes with the money they need to grow in the competitive business world. Loans For Business 2000 offers great terms and generous rates for stated income loans.

Differences in a Stated Income Loan

The primary difference between stated income and traditional loans is how they determine eligibility. To qualify for a traditional loan, your business needs to have a good credit history, which means companies that are new or struggling financially may have trouble qualifying. A stated income loan focuses instead on the value of the property in question, so if the value exceeds the cost of the property’s fees, insurance, taxes and mortgage, it will qualify. Because they do not require lengthy credit checks, stated income loans often have minimal paperwork to complete.

Benefits of a Stated Income Loan

The money you receive from a stated income loan can be used in a variety of ways to help your business thrive. Not only can you use the loan to purchase or improve property, but you can also use it to refinance and consolidate debt. If your company has a credit score of at least 600, it will also qualify for the following advantages.

  • W-2 and self-employment documentation
  • Up to 65% LTV for commercial properties, including warehouses, storage facilities and offices
  • Up to 70% LTV for investment properties
  • Up to 75% for multi-family and mixed-use properties
  • 25-year terms
  • Fixed rates
  • Any property type qualifies

Contact Us Today

Loans For Business 2000 can provide you with a stated income commercial real estate loan to enrich your business. To discuss your individual needs and see what we can do for you, contact us today.