What Makes a Stated Income Loan Beneficial?

The money from a stated income loan can be used in any way that improves your business. You are free to use the funds you receive in any way necessary to grow your business, from consolidating debt to purchasing equipment. If your company owns property with a value that is greater than the cost of its expenses, it automatically qualifies for a stated income loan, even if the business has a poor credit history. Stated income loans also require less documentation and paperwork so they are typically approved more quickly than other types of financing.

What Are the Terms for a Stated Income Loan?

With a stated income loan from Sterling Capital Consulting, you are free to grow your business in any way you deem fit. Any company that meets the property criteria is eligible for this avenue of financing, but those with a credit score of at least 600 will also gain the following advantages.

  • Terms of up to 25 years
  • W-2 and self-employment documentation
  • 75% LTV for mixed-use and multi-family properties
  • 70%  LTV for owner-occupied and investment properties
  • 65% LTV for commercial properties such as retail stores, office buildings and warehouses
  • Large loan amounts of up to $500,000
  • Fixed rates