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Can a self-employed borrower get a commercial loan?

April 26, 2017borrower Commercial loan self-employed

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Can a self-employed borrower get a commercial loan?

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A. If the borrower can provide documents to support his income and assets, then he can qualify for a commercial loan program. If he cannot or chooses not to supply tax returns or other documentation, he may qualify for a No Income Verification/Limited Documentation Loan Program (some lenders call these types of loans Stated Income/Stated Asset Loans). This program makes getting a loan easier and faster, especially if he owns a predominately cash-based business.