Introduction to Non-Conforming Loans
For small businesses and real estate investors, securing financing can be a challenge. Traditional lenders often have stringent requirements that many businesses and investors cannot meet. This is where non-conforming loans come into play. These loans offer alternative financing options that help businesses and investors achieve their goals.
Types of Non-Conforming Loans
As a small business lender, we offer various non-conforming loan products tailored to meet diverse needs. These include:
SBA Loans: Small Business Administration (SBA) loans provide long-term, low-interest financing for small business owners. These loans can be used for various purposes, such as purchasing equipment, real estate, or inventory.
MCA Cash Advances: Merchant Cash Advances (MCA) offer a quick infusion of cash to small businesses by advancing future credit card sales. This form of financing is ideal for businesses needing immediate working capital.
Lines of Credit: For businesses facing fluctuating cash flow needs, lines of credit offer flexibility. With a line of credit, businesses can borrow up to a certain limit and only pay interest on the borrowed amount.
Real Estate Loans for Investors
Real estate investors often require specialized financing to secure properties and make investments. We provide several loan products that cater specifically to these needs:
DSCR Loans: Debt Service Coverage Ratio (DSCR) loans are designed for rental properties. These loans focus on the property’s income potential rather than the borrower’s credit history, making them ideal for real estate investors.
HELOCs: Home Equity Lines of Credit (HELOCs) allow investors to use the equity in their properties to secure additional financing. This can be beneficial for purchasing additional properties or making improvements to existing ones.
No Doc Mortgage Loans: No Documentation (No Doc) loans are perfect for investors who cannot provide traditional income verification. These loans prioritize the property’s value and the borrower’s credit score over income documentation.
Conclusion
Non-conforming loans offer small businesses and real estate investors the flexibility and accessibility needed to grow and succeed. Whether you need funding for business operations or real estate investments, our range of loan products can help you achieve your objectives. Contact us today to learn more about how our non-conforming loans can benefit you.
