Use Flexible Financing To Grow Your Business
The business industry is competitive, and if you want your company to be successful, you must have access to financing. There are many types of loans to choose from, but many of them are designed for specific purposes so you must obtain multiple loans if you want to grow your business in different ways. TMF Capital Group includes stated income commercial real estate loans in our repertoire of financial solutions. This type of financing gives you complete control over how you spend the money you receive to grow your business.
How Is a Stated Income Loan Beneficial?
Flexibility is the main benefit of stated income loans. You may use the funds you receive in any way that will improve your business. However, you can also expect to earn the following advantages when you secure a stated income loan from TMF Capital Group and have a credit score of at least 600.
- Loan amounts of $500,000
- Self-employment and W-2 documentation
- Fixed rates
- Loan terms of 25 years
- 75% LTV for mixed-use properties
- 70% LTV for investment properties
- 65% LTV for commercial properties
What Makes a Stated Income Loan Different From Traditional Financing?
While many types of traditional financing only allow you to grow your business in certain ways, stated income loans offer flexible financing. These loans are usually approved quickly because they do not require a significant amount of paperwork, and they are also easier to qualify for. Because this financing avenue determines eligibility on property value rather than credit history, your business automatically qualifies for a stated income loan if its property value is greater than the cost of its expenses.
A stated income loan commercial real estate loan is a good investment for many businesses. If you want the freedom to grow your business in any way you deem fit, a stated income loan could be the perfect financial solution for you. Contact TMF Capital Group today to see if you qualify for this avenue of financing.