How To Re-qualify your Loan
Conventional Commercial Loan:
SBA Loan:
Bridge Loan:
Business Line of Credit:
Hard Money Loan:
- FICO Score (660 or more)
- LTV (65% to 80%)
- Close in 45-90 Days
SBA Loan:
- Fico Score (660 or more)
- LTV (85% to 90%)
- Close from 60-120 Days
Bridge Loan:
- FICO Score (680 or More)
- LTV (70% to 75%)
- Close in 45 Business Days
- Interest Only, Loan Term 2-3 Years
- Three Months Repayment Penalty
- For Real Estate Only
Business Line of Credit:
- FICO Score (680 or More)
- LTV
- Cross-sale per year (15%)
- Minimum 3 Years in Business
- Must have Profit
- Close in 30 days
Hard Money Loan:
- FICO Score (No Requirement)
- LTV (60% to 70%)
- Close in 30 days
- Loan Term 2-3 Years, Interest Only
- Real Estate Only