How Do You Know If a Stated Income Loan Is Right for Your Business?

Every company needs access to financing to grow and remain competitive in the business industry. There are several types of financing that could benefit your business, but if you do not want to be limited on how you choose to grow your company, you may want to seek an alternative source of financing. A stated income commercial real estate loan from First Class Lending can benefit businesses of all types and sizes.

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

The biggest difference between stated income loans and other types of financing is that you have complete freedom as to how you use the funds you receive from a stated income loan. You can enrich your business in any way. In contrast, the funds from other types of financing often designate their funds for specific purposes.

Stated income loans are also easier to qualify for than other types of financing. Instead of focusing on credit history to determine eligibility, stated income loans look at property value. Regardless of which type of real estate you own, you qualify for a stated income loan if the value of your property is greater than the cost of its expenses.

How Can a Stated Income Loan Benefit Your Company?

A stated income commercial real estate loan will give you the freedom to grow your business in many ways. If you have a credit score of at least 600, you can expect to receive the following benefits with a stated income loan from First Class Lending.

• LTV of up to 75%
• Fixed interest rates
• 25-year loan periods
• Loan amounts up to $500,000

Contact Us Today

If you want the freedom to grow your company in any way you deem fit, a stated income commercial real estate loan could be an ideal solution. First Class Lending includes this avenue of funding in our repertoire of financial solutions, and we are happy to customize a loan to meet your individual needs. Contact us today to get started.