Access Quick Capital with a Stated Income Revolving Line of Credit
Bypass the intensive paperwork and lengthy documentation process with our Stated Income Revolving Line of Credit. This flexible financing solution is designed for established business owners, self-employed individuals, and real estate investors who have consistent cash flow but prefer to simplify the application process by stating their income.
If you have complicated financials, multiple income streams, or simply value a faster, low-documentation experience, a stated income line of credit provides rapid access to working capital on a revolving basis.
Why Choose a Stated Income Line of Credit?
A Stated Income Line of Credit offers convenience and speed by shifting the approval focus away from exhaustive tax returns and financial statements.
Reduced Documentation: Focuses primarily on your stated income and bank statements rather than detailed profit & loss or tax returns.
Faster Approval: The streamlined process means you can get a decision and access funds much quicker than with conventional financing.
Flexible Working Capital: Draw funds as needed, up to your approved limit, pay it back, and use it again—ideal for managing cash flow swings or taking advantage of short-term opportunities.
Ideal for Diverse Income: Perfect for self-employed individuals and those with irregular or varied income streams that are difficult to fully document through traditional means.
Key Loan Features & Benefits
Funding Structure: True Revolving Line of Credit
Documentation: Low-Doc / Stated Income Focus
Typical Use: Managing Cash Flow, Inventory, Working Capital
Access: Draw, repay, and reuse funds up to your limit
Qualifying for a Stated Income Line of Credit
Qualification for this product relies heavily on the demonstrated stability of your business through consistent income and a strong credit profile.
Minimum Business Requirements (Typical):
Operating History: Minimum of 2 years in business.
Annual Revenue: Gross annual revenue of $200,000 or more (varies by lender).
Credit Score: A minimum personal FICO score of 700+ is preferred for best rates.
Documentation: Recent business bank statements (typically 3-6 months) are required to verify cash flow consistency, along with your stated income.
