Qualifications for a Commercial Mortgage

Qualification for a commercial mortgage depends largely on the type of property or building that is being applied for. For a more in-depth look at qualifying commercial properties please check out our commercial loan type page.

Despite some specifics on certain properties there are general criteria for qualification. As a business owner it is important for you to be able to show that your company has an appropriate debt to cash ratio. Even a company with a poor credit rating can still receive a commercial mortgage if the primary owner can show good personal credit as well as sufficient liquid assets.

Additionally, your company will need to show a continued and stable pattern of profitability as well as plans for future growth. This might include, but not limited to, copies of your business plan, earning projections and long-term business goals.

For a more detailed and personalized assessment of commercial mortgage qualifications please email or call 877-669-0777 today and speak with one of our commercial loan specialists.

Statewide Bancorp

3190 Shelby Street #A2
Ontario, California 91764

Phone: 877-669-0777

Fax: 877-362-9773

NMLS: 1105497

 

LICENSING

CA Department of Business Oversight, under the Consumer Finance Lenders License. NMLS # 1105497. CA Bureau of Real Estate License # 01939849. For a complete list of states we are licenced in visit: http://www.nmlsconsumeraccess.org

AT STATEWIDE BANCORP

We take pride in providing you with excellent service and appreciate the opportunity to assist you with your mortgage needs.