• Business Purpose Loans


  • Business purpose loans are mortgage loans that can be taken out on your primary owner occupied residence. They are intended for business owners to use for business purposes, not for household, family or personal uses. These are loans for which applicants do not need to qualify for credit or for income. Business purpose loans are unique because you only need to own a corporation ( LLC, Inc. or Subchapter S ) to qualify.

    Getting a business purpose loan is a terrific alternative for a business owner. Call now and speak to one of our friendly loan consultants to learn more about them – Call (561) 353-5858 or (561) 324-8606 in Boca Raton and throughout South Florida.

    If you are self employed and have an LLC or a corporation, we can do a business purpose loan for you. You don’t have to qualify for credit or for income yet will still remain in full compliance. The only stipulation is that the loan has to go directly into your business and not be used for personal items. So if you have a free and clear home and a corporation – we won’t have to escrow taxes and insurance and you won’t have to worry about the RESPA guidelines.

    Lord Mortgage and Loan serves business owners from Pompano Beach to Boca Raton, from Delray Beach to West Palm Beach, from Palm Beach Gardens to Stuart and Port St. Lucie and throughout South Florida. Call (561) 353-5858 or (561) 324-8606 to learn more about these types of business loans and other types of loans.

    LORD MORTGAGE AND LOAN
    Licensed Mortgage Lender
    Company NMLS#: 375427 | Loan officer NMLS#: 375312
    (561) 353-5858 | (561) 324-8606 | FAX (561) 353-5859 | info@lordmtg.com
    6971 N Federal Hwy. Ste 103, Boca Raton FL. 33487