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12-Month Bank Statement
The usual path when the business deposits are stronger than the tax return.
Open the program
Business owners. The house is a mortgage. The business is not.
If you own a company and you are buying or refinancing a house or a 2–4 unit property, this is a residential file. Bank statements and a profit-and-loss are often the income. An SBA 7(a) or 504 is a different product, and Elite Fundings does not originate it.
The SBA and other commercial pages on this site are guides. They explain how those loans work. They are not an application and not a term sheet.
SBA 7(a), SBA 504, and a commercial building are guides. They are not this application.
Programs that match this borrower
Vismar Corporation dba Elite Fundings, NMLS #2046870. A program link explains the loan. It is not a rate quote and not a pre-approval.
Questions from this borrower
Does Elite Fundings originate SBA 7(a) or 504?
No. Those pages explain the programs. For a house or a 2–4 unit loan, call the office.
I want to buy the building my company operates in.
If it is a house or 2–4 units and you will live there or it is a small rental, we can look at a residential loan. A commercial building is not a loan we originate.
Can the business income qualify the house?
Often, through bank statements or a P&L. The business tax return and the personal return are not automatically the same number.