10Dec/090
Commercial Income Loan
The Basics of Stated Income Commercial Loans.
Stated income commercial loans are loans that don't require a mountain of paperwork or proof of your income. The only stipulations when applying for a stated income commercial loan are that one must have proof of employment, credit score of 650 or better and qualifying commercial real estate. Stated income loans are geared for small business owners or people who are self-employed or work on commission.