Use Flexible Financing To Grow Your Business

What Makes a Stated Income Loan Different From Other Types of Financing?

While traditional loans usually use credit history to determine approval, stated income loans approve funding based on the value of a company’s property. If the combined cost of the property’s taxes, mortgage and insurance is lower than the value of the real estate, the company qualifies for a stated income loan. Because they are easier to qualify for, stated income loans are ideal for new companies or those that are struggling financially and have a poor credit history. They are also usually approved in a more timely manner than other types of financing because they require minimal paperwork.

How Can a Stated Income Loan Benefit Your Company?

You may spend the money you receive from a stated income loan in any way that benefits your business. Commercial One Group extends the following terms to qualified borrowers with credit scores of 600 or greater.

• Commercial properties, including warehouses, office buildings, retail stores and storage facilities, qualify for loan-to-value rates of up to 65%.
• Owner-occupied and investment properties qualify for loan-to-value rates of up to 70%.
• Mixed-use and multi-family properties qualify for loan-to-value rates of up to 75%.
• 25-year terms come with fixed rates.
• Loan amounts of up to $500,000 are available.
• W-2 and self-employment documentation is available.