Non bank lenders become reliable source of stated income commercial mortgage loans for Arizona business owners despite lending freeze by banks

Commercial banks and savings institutions have been a reliable source of business financing for Arizona’s estimated 473,000 small businesses, according to the 2007 research report by the SBA Office of Advocacy. However, the current credit freeze by banks has left many business owners in the lurch.

Fortunately, business owners have non-bank lenders as an alternative source of business financing. SmallCommercialMortgageOnline.com has a database of non-bank lenders that are able and eager to fund loans for commercial borrowers.

One of the more popular loan programs offered by our group of non-bank lenders to business owners is a stated income commercial mortgage for owner-occupied commercial property.  A business owner can qualify using their stated income and good credit to purchase or refinance a commercial building.  The loan program also allows a property owner to obtain a cash-out refinance or a line of credit to help with cash flow.

For more information, click here on stated income commercial mortgage loans.

Number of Arizona Businesses

Of the estimated 473,000 small businesses in Arizona, employer firms totaled 128,80 in 2006, up 9.0 percent from the previous year.  Of this total, an estimated 97.3 percent, or 125,300 were small. 

Self-employment (incorporated and unicorporated) totaled 280,400 in 2006, a decrease from 301,000 in 2005.  Non-employer firms totaled 358,100 in 2005, an increase of 7.0 percent since 2004.  (Sources:  US Dept. of Labor, Employment and Training Administration; US Dept. of Commerce, Census Bureau; US Dept. of Labor, Bureau of Labor Statistics.) 

Technorati Tags: business, finance, real estate, arizona

Related posts:

1. Stated Income Commercial Mortgage Loans for California Business Owners Non bank lenders become reliable source of stated income commercial mortgage loans for California business owners despite lending freeze by banks Commercial banks and savings institutions have been a reliable...
2. Connecticut Stated Income Commercial Loans Aid Business Owners Non bank lenders become reliable source of stated income commercial mortgage loans for Connecticut business owners despite lending freeze by banks Commercial banks and savings institutions have been a reliable...
3. Alabama Stated Income Commercial Mortgage Loans Aid Business Owners Non bank lenders become reliable source of stated income commercial mortgage loans for Alabama business owners despite lending freeze by banks Commercial banks and savings institutions have been a reliable...
4. Owner Occupied Commercial Mortgage Loans are Ideal for Business Owners Enjoy this brief and informative video on how to easily obtain an owner-occupied commercial mortgage loan for a wide variety of commercial properties in all 50 states.  Use 90% LTV to...
5. 90% LTV Commercial Mortgage Loans are Ideal for Many Commercial Property Types Enjoy this brief and informative video on how to easily obtain 90% LTV commercial mortgage loans for a wide variety of commercial properties.  This commercial loan is available in...

Related posts brought to you by Yet Another Related Posts Plugin.