Is a Stated Income Loan Right for Your Business?

When it is time to find the right avenue of financing for your business, you may gravitate to traditional loans immediately. This type of financing can be useful, but because many loans are designated for specific reasons, you may need to secure multiple loans if you want to grow your business in a variety of ways. A stated income commercial real estate loan is an alternative avenue of financing that has no specific designation. When you secure this type of financing from Elysian & Associates, you are free to use the money in any way that will improve your company.

How Is a Stated Income Loan Different From Traditional Financing?

Stated income loans have two key differences from other avenues of financing. They are often approved more quickly than traditional types of financing because they require less documentation and paperwork. The biggest difference is how each of the financing solutions determines approval. Stated income loans focus on property value instead of credit history. Your business qualifies for a stated income loan if the value of its property is greater than the cost of its expenses. Even companies that have been turned down for other types of loans due to poor credit history may qualify for a stated income loan.

What Are the Benefits of Stated Income Loans?

Flexibility is the primary advantage of stated income loans. Elysian & Associates  extends the following terms to qualified borrowers.

• Self-employment and W-2 documentation
• 25-year terms with fixed rates
• Loan amounts of up to $500,000
• 75% LTV for mixed-use and multi-family properties
• 70% LTV for investment and owner-occupied properties
• 65% LTV for commercial properties

Get Started Today

Stated income commercial real estate loans allow businesses of all types and sizes to grow. If you think this financial solution is right for your company, Elysian & Associates is happy to customize a loan to meet your individual needs. Contact us today to get started.