Stated Business Equity Line of Credit


Customer Service: 1-317-663-3153

Recent Closings

Office - Maryland -

$500,000 Purchase

Multi-Family - Florida -

$320,000 Line of Credit

Mixed-Use - California -

$227,500 Refinance

RV Park - Arizona -

$350,000 Refinance

Retail - Detroit, MI -

$256,000 Line of Credit

Auto Center - Virgina -

$450,000 Refinance

Office - Washington, DC -

$500,000 Refinance

Finally!! A stated small balance commercial equity loan product that is perfect for the small business owners Nationwide. We offer flexible terms on a Business Line of Credit that works just like a credit card, quarterly adjustable based upon the Prime interest rate, OR several fixed rate options.

Most commercial property types are considered and income verification is very minimal. The features of our Stated Small Balance commercial real estate loans are as follows:

Customer Benefits

Easy, streamlined process
Stated income on owner-occupied properties
Limited income verification required on investor properties
Flexible terms fixed, adjustable, or credit lines available
Fast closings 30-45 days

Key Features

Purchase, Refinance and Equity lines of credit from $50,000 - $500,000
Secured by commercial or residential real estate
All legal entities, individuals, sole proprietors, LLC, Partnerships, Corporations or Trust
Owner Occupied or investor
1st or 2nd position

Getting Started

Complete the two page application and call your Commercial Market Development Consultant for Pre-submission review.
Email or fax completed submission
Initial credit decisions usually within 72 hours
Common conditions requested

Evidence of property insurance
Copy of recent mortgage statements
2 years supplemental real estate tax schedules and copies of lease agreements (investment properties only)
Purchase contracts if applicable
3-4 digital photos of the subject property

Quick Qualifying Questions for our Line of Credit

Is the loan amount requested $500,000 or less? - (we have other programs available if greater)?
Has the principal been on title for > 1 year?
Has the principal been in business for at least 2 years?
Does the principal have a minimum FICO of 660 for Owner Occupied - 680 - Investor Full Doc down to 630
Does the collateral meet eligibility guidelines?
Is the LTV within guidelines by property type?
If investment property, is the debt service coverage at least 1.2?
If a purchase, does the principal have a signed purchase contract on the property AND verification of funds for down payment?
If you answered NO to any of these, please visit our Multifamily Financing or Commercial Financing Center for other possible programs to fit your needs.

Risk based underwriting - Approved LTV/CLTV is dependent on applicant’s credit history and property type.		Equity or Refinance			Purchase
		Property Value up to $2 Million		Property Value up to $3 Million	Property Value up to $3 Million
Loan Amount		$50,000 to $250,000	> $250,000 to $500,000	$50,000 to $500,000	$50,000 to $500,000
Ownership/Property Type	Minimum FICO	Max Product LTV/CLTV	Max Product LTV/CLTV	Max Product LTV²	Max Product CLTV with Seller 2nd Financing
Owner-Occupied (Owner's business occupies at least 51% of building square footage)	680	Up to 75%	Up to 75% Loans> 70% Lines	Up to 70%	80%
Investor	700	Up to 75%	Up to 75% Loans> 70% Lines	Up to 70%	80%
Special Purpose Property (Single Use Type Properties)	700	Up to 60%¹	Up to 50%	Up to 50%	80%

We offer Commercial and Multifamily loan mortgage financing programs in the following states: