Every business has five major components necessary to operate. These are personnel, equipment, housing, products and services, and last but most vital, is capital. It takes capital to get the other four. Business owners often fear banks and commercial finance companies.
This fear has its foundation in a lack of lender knowledge. Smith Capital And Finance knows the ways of these lenders and has the contacts to secure financing for virtually any type of business.
The deregulation of the banking industry has made new choices available that never existed before. One of these is the availability of money through non-traditional lending sources. The types of business loans vary to your specific business needs. Listed at the the bottom are just a few of the loans that can be arranged by Smith Capital And Finance.. Smith Capital And Finance can give your business access to all of these types of financing and more. With one phone call you, can have dozens of lending sources competing for your loan.
Accounts Receivable
Merchant Financing
Business Loans & Leases
Equipment Leases
Sale-Lease Back Financing
Asset-Based Financing
Commercial Property
Lines of Credit
Purchase Order Financing
SBA Loans
Working Capital
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Documents Required For A Commercial Mortgage
Commercial Mortgage Loans - Documentation
3 most recent years tax returns - both personal and business
Extensions for any filings - if applicable
3 months most recent bank statements - both personal and business
Personal financial statements - updated within last 60 days
Year-to-date business operating statements - if applicable
Year end business operating statements if business tax returns are on extension
Personal resume - required for investment properties if self managed
Property management resume, or letter of credentials, if property is professionally managed
Letter of explanation for any derogatory credit, including: slow pays, charge-offs, liens, judgments, child support, etc.
Schedule of real estate holdings - include purchase date, purchase price, and current mortgage amount
Subject property rent roll - if not 100% owner occupied - if property is owner occupied and held in a different entity, i.e. LLC, and leased back to the business, then rent roll and copy of the lease must be provided
Subject property leases - see above for owner occupied property
Subject property income and expense statements, including year end and year-to-date
For investment property with single or anchor tenant, include tenant financial statements
Commercial Mortgage Loan Purchase Documentation
Two previous years and current year to date P&Ls (Profit & Loss Statement)
Smith Capital And Finance "Financing For A Bright Future" Since 2001 248-553-7000 A Smith Entrepreneurship Group Company For Company Blog & Smith Entrepreneurship Group Companies' Preview Website Click Link Below www.smithentrepreneurshipgroup.com