Stated Income Financing: What Can Flexible Financing Do for Your Business?
Every company needs access to financing to remain competitive in the business industry. Traditional avenues of financing allow many businesses to thrive, but some companies require alternative financial solutions. If you are business is struggling financially or has a limited credit history, you may want to consider obtaining a stated income commercial real estate loan from Dorra Financial Group.
What Are the Benefits of Stated Income Loans?
Although many companies qualify for traditional bank loans, many find this avenue of financing restricting because these loans often dictate how you spend the money you receive. If you qualify for a stated income commercial real estate loan, you have complete control over how you use the money to enrich your company. You may choose to refinance, consolidate debt, launch a new advertising campaign or stock inventory with the money you receive from a stated income loan.
This flexibility is the main benefit of stated income loans, but they also offer two additional advantages. They are usually approved quickly because minimal paperwork is required, and they are easier to qualify for than other types of financing. If your company owns property, it qualifies for a stated income loan even if it has a poor credit history.
What Are the Terms for Stated Income Loans?
Dorra Financial Group extends generous terms for stated income loans to qualified borrowers. If you have a credit score of 600 or above, you can expect to receive the following terms:
- Loan-to-value rates of up to 75%
- Large loan amounts that cap out at $500,000
- Fixed interest rates
- Loan periods of up to 25 years
- Documentation for self-employment
Get Started Today
A stated income commercial real estate loan is a flexible financing solution that can benefit businesses of all types and sizes. If you think that this avenue of financing can help your company reach its full potential, contact Dorra Financial Group today to see if you qualify.