Traditional Commercial Lending provided by local banks is a tedious and lengthy process. In order to meet all of the banks' lending requirements the time needed to get your commercial clients to the closing table can easily run 90 days or more. So what can you do to help your solid commercial clients close quickly? You can offer them the opportunity to do a low documentation commercial loan!
Don't turn away your commercial clients! Offering information about low documentation commercial lending products can help your clients achieve their business financing goals!
Let's face it, when you're a business owner your daily focus is on your business. Marketing your product or service and growing your client base is very difficult to concentrate on when you're forced to spend time gathering the equivalent of 3 reams of paper of supporting income and asset documentation for your local bank. Well qualified clients can avoid this hassle and get back to work by taking advantage of our low documentation commercial lending program.
The program we offer is Collateral Based, meaning more weight is put on the property's equity and income generating potential. Documents needed for this type of loan are few and minor in nature, and best of all tax returns are not required.
Property types include but are not limited to:
These programs are great for those who wish to purchase or refinance a commercial property quickly so they can get back to growing their business.
As always, feel free to Contact us at any time for personalized loan scenarios for you and your clients! Please Call (321) 757-5009