FIDELITY LENDING
772-237-5211
COMMERCIAL
PRODUCTS
There are several programs available for commercial financing
Below are just a few.
Debt Service Coverage Ratio
A DSCR Loan is a mortgage loan for a residential income-producing property. It is primarily based on the “Debt Service Coverage Ratio” or the cash flow of the property, rather than the borrower's income. A traditional mortgage loan will require income verification, tax returns and a “Debt-to-Income” (DTI) ratio
Small Business Administration
To qualify for an SBA loan, your business must be located and operated in the U.S. and run by a U.S. citizen or someone with permanent U.S. residency. The business must be for-profit, in an eligible industry and the business owner must have equity invested in the business and be financially stable. Finally, you must own a small business. Size requirements depend on the industry and are mostly based on the average number of employees or average annual receipts.
BANK STATEMENT
A bank statement loan allows you to qualify for a mortgage using bank statements rather than tax returns. It's most often used by self-employed borrowers.