5 Steps to Qualify for a Business or Commercial Loan

Loans increase purchasing power for business owners and real estate investors. Additional capital allows for business expansion and affords higher priced properties. It's like shopping with a new credit card, meaning your spending limit increases while paying off the balance monthly.

Here are 5 steps needed to qualify for a business or commercial real estate loan:

• 600+ FICO Score

• $100,000+ in Annual Revenue

• 2 Years of Business Tax Returns (Form 1120-S, 1065, or 1040 Schedule C)

• 2 Years of Personal Tax Returns (Form 1040)

• 6 Months of Business Bank Statements

When these 5 steps are met, gather the documentation and apply for financing. Startups may qualify if they've been operating for at least 6 months and have 6 months of recurring revenue. Additional documentation will be required from underwriting, but this is a prudent starting point to ensure the deal will be funded.

Followed the 5 steps? Learn more about our Loan Programs!