Don’t Let Your Credit History Stand in Your Way
You’re ready to move on to the next phase of your business, but your credit history is keeping you from moving forward with traditional banks. At Sound Commercial Capital, we understand the source of your frustration. We also want to help you with stated income commercial real estate loans, all without the need for a mountain of paperwork.
You can accomplish several different commercial tasks with a commercial real estate loan:
- Buy up commercial property.
- Consolidate your debt into a single monthly payment.
- Remodel or upgrade your current business property.
- Refinance a current loan.
- Build working capital
Touching back on your credit history, you may worry about your past credit usage impacting the type of commercial building you qualify for. One thing to bear in mind with this type of financing is that it’s more focused on the property’s overall value. Specifically, the property’s value has to adequately handle the taxes, mortgage and insurance involved with the loan.
Everything To Gain
Another benefit worth pointing out when it comes to a stated income commercial real estate loan is that the approval time is much faster than what you’d expect with a standard bank loan. This is owed to the fact that there’s not as much paperwork involved in this type of financing.
Breaking Down the Basics
Do you think a stated income loan is right for you? We prefer to work with applicants who have a credit score of at least 600, and we accept nearly any type of commercial property. Our financing pros can set you up with financing for as much as $500,000, all with fixed rates as a 25-year amortized loan.
Reach Out to Us When You’re Ready
A commercial real estate loan could be just what you and your business need. Don’t hesitate to contact us if you’re interested in learning more about how you can take your business to the top.