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.PurposeA 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.StructureThis 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 while closing your loan. So even if your credit does not meet the 600 number today, it may when we are done with your loan.

Generally speaking, based on its basic definition as the way people comprehend the word, investment is the process of putting money into a business or an organization to earn money in return. It is one of the most popular methods of increasing your finances in a very easy way. In fact, as many people projects it, investing is always better than saving or depositing your money in the bank as investing can acquire less tax and higher revenue.The process of investment starts with the different investment resources, especially for people. The money collected is processed to work or move on a specific business to earn. The investments may give a certain position or share in the company where the returns or the revenues are given back to the investors depending on some their investments. That means that if you invested a higher amount, then the returns are higher than others.What is good in investing is that you don’t have to work to earn. All you have to do is to invest, and wait for the earnings to come. Good examples of investment methods or practices are a stock market and cooperatives.There are several factors you need to consider when investing. These factors are important to ensure best results on your investment. Check the following factors below.Company BackgroundThe first important factor is to check the company background where you want to invest your money. The company should have a strong foundation and stable income with a forecast to exist in the next 20 years.Investment ResourcesYou have to make sure and be certain that you have the right and accurate investment resources to invest. Do not put all your money on the investment. This consideration will give you security if there are problems that will arise.Always ObserveThe last factor is to be observant. Earnings may be easy with no efforts, but you have to observe the amount that you earn, and the rate of its earning. This consideration will help you decide if you have to continue the investment or back it out immediately.ConclusionInvesting may be an easy way to be successful, isn’t it. But before putting your resources, you have to be knowledgeable about what are the pros and cons of investments. If you fail to do so might lead to a waste of money, time, and effort. The question is, are you ready to make investments now?

Recovering from an illness or injury can be a stressful time for both the patient and the patient’s family. That stress is compounded when chronic illness or disability is involved. Research has consistently shown that, when at all possible, recovering at home is the best option for the patient’s physical and mental health. Unfortunately, when the patient is elderly or too injured or ill to care for themselves, recovering at home is sometimes not an option.Finding friends or family members to assist with daily tasks is not always feasible. Even when family members are in a position to assist, the burden placed on them often puts a strain on their other family relationships, as well as their career and personal life. The alternative to home recovery-having their loved one leave their home to life in a medical facility or nursing home-is often a last and regretful resort.Luckily, there is another way for patients to remain in their beloved homes while receiving quality health care assistance: Home Health Care. Recent technological advance such as the internet and home infusion have made home health care available to many more patients than in the past. According to the National Association for Home Care, there are approximately 20,000 home health care providers today. While almost two-thirds of home care recipients are seniors over 65, home health care can assist anyone who requires some assistance while recovering from an illnesses or suffering a disability.Here are some benefits of home health care:o Seniors can continue living in their own familiar, comfortable environment
o Dignity and independence is maintained
o Patients receive one on one attention and care from the home health caregiver
o Home health care is often less expensive than care in nursing homes / assisted living facilities
o It relieves the burden placed on adult children to provide care for their aging parentsMost people prefer receiving care in a familiar setting where they are surrounded by love, patience and understanding people. Home health care providers help strengthen and increase the patient’s ability to care for themselves in their homes. They can also have a positive impact on a patient’s hopes and aspirations.