Stated Income Commercial Loan For Your Commercial Property

A sicl is a commercial loan that does not require the full documentation that is required of a full document commercial loan. This type of commercial loan does not require the borrower to be able to prove that they can afford to make the loan payments from their own personal income but instead relies on the rents of the commercial property or the possible rents for the property.

Financial Benefits of a stated income commercial Loan include:

* Less Documentation The stated income commercial loan requires less documentation than a tradional commercial loan. In many cases since the loan is only underwritten to the properties cash flow or potential cash flow it is not necessary to provide as much documention.

* Easier approval process This commercial loan has an easier approval process because it does not have to be underwritten to both the property cash flow and a secondary repayment source such as the borrowers personal income.

secondary repayment source such as the borrowers personal income. Lower credit score requirements Some of these commercial loan programs also have reduced credit requirements.

Examples of a typical stated income commercial loan borrower include:

* A self employed small business owner that does not report all of their income on their tax returns who is looking to purchase a commercial property using a commercial loan.

* A real estate investor that does not show the amount of income necessary to qualify for a traditional commercial bank loan but the property has rental income that will support the debt payments.


A stated income commercial loan is designed to help a borrower purchase real estate that they would otherwise be unable to purchase without a significant down payment. The commercial property does not have to be held in the name of the borrower or the operating company but can be held in the name of a holding company.

There are certain criteria for eligibility of this type of commercial loan.

The business that is occupying the property must be in business at least 2 years.

The guarantors credit score must be 600 or above.

The guarantor and operating company can not have a bankruptcy that is more recent than 3 years.


This commercial loan is only done on a first trust basis although it is possible to have a second trust provided by someone else. There are instances where combined total financing can be close to 100%. This depends on the type of commercial property, credit of the guarantor and other underwriting factors. Closing costs can be financed into the loan under most circumstances.

Easier than you think!

The stated income commercial loan is really meant to help people qualify for a loan without the hassle of providing the full documentation needed on a traditional bank loan.

Rates are slightly higher.

The interest rates are slightly higher for this type of commercial loan but the loans can be amortized up to 30 years.

The stated income commercial loan closes quickly in most cases.

It usually takes about 30 to 45 days from start to finish to close this commercial loan.

Borrowers do not have to use their house as collateral.

It is very rare that a stated income loan will need to use the borrowers home as collateral.

Borrowers with less than perfect credit can qualify.

Borrowers with credit scores as low as 600 can qualify for these programs. If your credit is within 40 points of this number it is possible that you may have some mistakes on your credit that we can help you fix

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How To Promote And Sell A Mixtape Online: Budgeting, Finance

For many recording artists, the dreams of having a successful mixtape will remain that, just a dream. Why? Because most artist, sadly, don’t understand how to promote a mixtape online and sell it. Learning how to sell a mixtape is a matter of learning marketing and sales strategies as well as having a properly developed plan. Many rappers try to find free ways to promote music online,however, in order to have a successful release you will need some upfront capital to invest into your project. Let’s take a look at some of the factors you’ll have to consider in your budget before you start mixtape promotion.

How To Make A Mixtape CD

Assuming you’ll be releasing an all original mixtape AND have prepared a written plan of action, the following should be considered when financing your project:

Beat Leases and/or Exclusive Beat Prices
Recording costs
Graphic Design Fees
CD Duplication/Replication Costs
Music Videos
Miscellaneous Advertising Costs

Beat Leases, Exclusive Beats

If you don’t make your own beats, you’ll need to allot an amount of money for buying beat leases or exclusive rights to beats. Whether you buy beats online or offline is entirely up to you.

Let’s use these numbers for sake of example:

You buy 10 beat leases online @ $50 per lease with a distribution limit of 2,500 units.

Cost: $500

You purchase 3 exclusive beats on sale for $250 per instrumental with unlimited distribution rights.

Cost: $750


Your recording costs will vary depending on the recording engineer you choose as well as the studio location. If you’re a do-it-yourself musician and are capable of recording your own vocals, then you’ll save big here. Otherwise consider the following realistic figures:

Recording Rate: $50/hour with a minimum booking of 2 hours.

Let’s say it takes you and the engineer 3 hours to record and mix 1 song.

For a mixtape of 13 songs your costs would be 39 hours x $50/ hour

Cost: $1950

Audio Mastering

Let’s say that you utilize discmakers audio mastering services for your mixtape. Your cost for 13 songs would run $599.

Total recording cost: $2549

Graphic Design

Continuing with our hypothetical scenario, we’ll assume that to get a professionally prepared front and back cover to promote the mixtape online. It will cost $200.

CD Duplication/Replication

For our purposes we’ll use Discmakers CD duplication services, purchasing 500 copies of the completed mixtape for promotion. The total cost here will run approximately $480. These CDs will be used to sell at shows and other performance venues.

Music Video

To help with online mixtape promotion, we’ll create 1 promotional music video to drive traffic from YouTube to the music.

Cost: $500

Miscellaneous Advertising

You’ll want to keep your miscellaneous advertising costs minimal. For our purposes we will conservatively dedicate $1200 dollars into our miscellaneous advertising efforts consisting of:

1 Flash Rotator Banner On Datpiff
1 YouTube Promoted Video
1 Google AdWords Campaign
1 Facebook Ads Campaign

Total Investment Estimate = $6179

How To Fund Your Mixtape

So we’ve estimated that you’ll have to invest a little over $6,000 in your mixtape. The goal for this project is to sell the mixtape at performances, shows, and distribute the music through digital outlets for profit. Here are a few ideas that can help you fund, promote, and sell your mixtape online.

Ask Family, Friends

Although your pride might tell you otherwise, ask your family and friends to help you fund and assist in your mixtape promotion efforts. Even if they only contributed $5 dollars, you are $5 dollars closer to your goal.


Crowing funding has become an increasingly popular way to gain monetary resources. Also known as crowd financing, equity crowdfunding or hyper funding, it describes the collective cooperation, attention, and trust by people who network and pool their resources, usually via the Internet, to support efforts initiated by other people or organizations.

Crowd Funding Websites: Kickstarter, Crowd Tilt, AngelList, Crowd Funder, We Funder, Indie Go Go, Micro Ventures


Personal, bank loans, and small business loans can all be considered as funding options for your mixtape. Be sure that you clearly understand the terms of your loan agreement and are committed to paying your loan back in full with interest as necessary. If your mixtape project is not-for-profit you may consider seeking out a grant.

Resources: Small Business Administration, Grants


You can pre-sell your mixtape before its actual release. This often works well if a bonus offer is included with the pre-order (i.e., merchandise, exclusive downloads, signed copies of the project, etc).

Sell Singles

You can sell individual tracks as you record them, using the money from the first ones to pay for the next recordings and/or other mixtape expenses.

Resources: Tunecore, Cdbaby


If you’ve built up enough buzz prior to your mixtape release, you may get sponsors to pay for some of your mixtape expenses. Acquiring sponsorships will take some in-depth rel

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