How Can a Stated Income Loan Grow Your Business?
Stated income commercial real estate loans are an alternative avenue of financing that benefits many businesses. Talon Funding offers stated income loans designed to give you the freedom to use the funds in any way necessary to grow your business. With generous terms and competitive rates, our loans are beneficial for companies of all types and sizes.
How Are Stated Income Loans Different From Other Types of Financing?
Stated income loans are often easier to qualify for than other types of financing because they are approved based upon property value rather than credit history. Qualifying for a traditional loan often requires you to have an excellent credit history while you only need valuable property to be approved for a stated income loan. If the value of your property is greater than the cost of its expenses such as mortgage, insurance and taxes, you are eligible for a stated income loan. This makes stated income loans ideal for companies that are struggling financially. This type of financing is often approved more quickly than other loan types because it requires less documentation and paperwork.
What Are the Advantages of a Stated Income Loan?
The money you receive from a stated income loan can be used to refinance, buy property, renovate a company building, stock inventory or any other way that will enrich your company. With stated income loans from Talon Funding, a credit score of 600 or greater provides you with the following advantages.
- Loan amounts up to $500,000
- 25-year terms with fixed rates
- Up to 65% LTV for commercial properties
- Up to 70% LTV for investment properties
- Up to 75% LTV for mixed-use properties
- Self-employment and W-2 documentation
Contact Us Today To Get Started
A stated income commercial real estate loan is a flexible avenue of financing that could be ideal for your business. Contact Talon Funding today to see if your company qualifies.