Finance Holder Occupied Company Property with No Deposit
100% commercial real-estate funding is available as much as (and quite often over) $5 million for owner occupied properties with an SBA loan and a lot of current SBA-eligible smaller businesses meet the criteria. At the very least, you really must have listed here to qualify:
- Good individual credit
- Stable cashflow for the continuing business for about the final 1 to 1.5 years
- Financial obligation solution protection ratio of around 1 to 1.25x. (see base of web page for description of financial obligation solution coverage)
- Your company must legitimately occupy at the least 51percent regarding the total footage that is square of property