How fast can I get a business loan?

With Slate Financial, many business loans fund in as little as 24 hours. MCAs and lines of credit can fund same-day. Term loans typically fund in 24-72 hours. Real estate loans range from 5 days to 4 weeks depending on the product.

Can I get a business loan with bad credit?

Yes. Products like MCAs, MCA Bailouts, and Lines of Credit are primarily based on your business revenue, not your personal credit score. If your business generates consistent monthly revenue ($10K+/month), you likely qualify for funding.

What types of business loans does Slate Financial offer?

Slate Financial offers 14 loan products including Term Loans, Lines of Credit, Merchant Cash Advances, MCA Bailout, 0% Interest Business Credit Cards, Equipment Financing, Purchase Order Factoring, Commercial Real Estate Loans, Residential Mortgages, DSCR Loans, Fix and Flip Loans, Ground-Up Construction Loans, Mergers & Acquisitions Financing, and Form 1003 Mortgage Applications.

Does applying for a business loan affect my credit score?

No. Slate Financial's initial application uses a soft inquiry that does NOT impact your credit score. A hard pull is only done after you've reviewed and accepted a specific offer from a lender.

A DSCR (Debt Service Coverage Ratio) loan allows real estate investors to qualify based on the property's rental income rather than personal income. If the property's rent covers the mortgage payment, you can qualify without providing pay stubs, W-2s, or tax returns.

What exactly is the Debt Service Coverage Ratio and how is it calculated?

The DSCR is the ratio of monthly gross rental income to total monthly housing payment. For example, if a property rents for $2,500 per month and the total monthly payment (principal, interest, taxes, insurance, HOA) is $2,000, the DSCR is $2,500 divided by $2,000, which equals 1.25. This means the property generates 25% more income than needed to cover the loan payment.

Can I use short-term rental income from Airbnb or VRBO to qualify?

Yes, many DSCR lenders accept short-term rental income for qualification. You will typically need to provide a 12-month rental history from your hosting platform, and the lender may apply a discount or vacancy factor to the income. Some lenders also accept a projected income analysis from a short-term rental management platform.

Can foreign nationals qualify for a DSCR loan?

Yes. DSCR loans are one of the most accessible mortgage products for foreign nationals investing in U.S. real estate. Because no personal income verification is required, the qualification is based entirely on the property's cash flow and the borrower's credit profile. Foreign nationals typically need to provide a passport, visa, and a U.S.-based bank account. Down payment requirements may be slightly higher.

Is there a limit on how many DSCR loans I can have?

Most DSCR lenders do not impose a strict limit on the number of financed properties. Many active investors hold 10, 20, or even more DSCR loans simultaneously. Each loan is underwritten independently based on the specific property's cash flow. Your overall real estate portfolio may be considered for risk assessment, but there is generally no cap.

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DSCR Loans

Qualify based on property cash flow — not your personal income. Perfect for real estate investors.

LOAN RANGE

$100K – $5M

TURNAROUND

14–21 days

Best for real estate investors who want to qualify for a mortgage based on property rental income rather than personal income documentation.

About DSCR Loans

DSCR loans (Debt Service Coverage Ratio loans) are a specialized mortgage product designed for real estate investors who want to qualify based on the rental income of the property rather than their personal income. This means no W-2s, no tax returns, no pay stubs, and no employment verification. If the property generates enough rental income to cover the mortgage payment, you can qualify.

The DSCR is calculated by dividing the property's gross monthly rent by the total monthly housing payment (principal, interest, taxes, insurance, and any HOA dues). A DSCR of 1.0 means the property breaks even; a DSCR of 1.25 means the property generates 25% more income than the payment. Most lenders require a minimum DSCR between 1.0 and 1.25, though some offer 'no-ratio' programs that do not require any specific DSCR threshold.

DSCR loans are available for 1 to 8 unit residential investment properties, including single-family rentals, duplexes, triplexes, fourplexes, and small multifamily buildings. They are especially popular with self-employed investors, high-net-worth individuals who prefer not to disclose personal financials, foreign nationals investing in U.S. real estate, and portfolio investors who own multiple properties.

How It Works

1Apply with the property's rental income information, a lease agreement or market rent analysis, your credit score, and basic identification. No personal income documentation is needed.
2The lender calculates the DSCR by comparing the property's monthly rent to the estimated total monthly payment (PITIA) to confirm the property can service the debt.
3An appraisal is ordered to confirm the property value and verify the market rent. The lender reviews the title, insurance, and entity documents if applicable.
4Once underwriting is complete, you receive a commitment letter with the approved loan terms. Any remaining conditions are cleared during this phase.
5Closing takes place through a title company or attorney. Funds are disbursed, the deed is recorded, and the property is financed. The typical timeline is 14 to 21 days from application to close.

Who Qualifies

Property must generate rental income (actual or market rent) sufficient to cover the monthly payment (DSCR of 1.0 or higher preferred)
Minimum credit score of 640 (680+ for the best rates and highest LTV options)
1 to 8 unit residential investment properties including single-family, condos, townhomes, and small multifamily
U.S. citizens, permanent residents, and foreign nationals are eligible
Vesting in a personal name or LLC / corporate entity is acceptable
Short-term rental (Airbnb/VRBO) income may be used for qualification with documented history

Typical Terms

Loan Amount	$100,000 - $5,000,000
Interest Rate	6.5% - 10% (market and credit dependent)
Loan Term	30-year fixed or 5/6 ARM, 7/6 ARM
LTV (Loan-to-Value)	Up to 75-80%
Minimum DSCR	1.0 (No-Ratio programs available)
Prepayment Penalty	3-2-1 or 5-4-3-2-1 step-down typical

Pros & Cons

Advantages

+No personal income verification means no tax returns, pay stubs, or employment documentation required

+Qualify based on the property's cash flow, making it ideal for self-employed and high-net-worth investors

+Available to foreign nationals, LLCs, and corporate entities for maximum flexibility

+Faster closing than conventional investment property loans due to simplified underwriting

Considerations

-Interest rates are typically 0.5% to 1.5% higher than conventional investment property mortgages

-Down payment requirements of 20% to 25% are standard, with some programs requiring more

-Only available for investment properties; cannot be used for primary residences or second homes

-Properties with a DSCR below 1.0 may require a larger down payment or face higher rates

Ready to Apply for DSCR Loans?

Fill out the application below and a funding advisor will reach out within 1 business day.

Application Form

All fields marked * are required. Your information is encrypted and secure.

Property Info

Property Address *

Property Type *

Loan Purpose *

Purchase Price / Estimated Value *

Monthly Gross Rent (Actual or Market) *

Loan Details

Loan Amount Requested *

Desired LTV *

Estimated DSCR *

Borrower Info

Vesting Entity (LLC Name or Personal) *

Borrower Full Name *

Email *

Phone *

Estimated Credit Score *

How did you hear about us?

Document Upload

After submission, your advisor will send a secure upload link for required documents.

Credit Authorization

By checking the box below, I authorize Slate Financial and its designated partners to pull credit reports for the purpose of evaluating this funding application. I understand that:

A soft inquiry will be conducted on my personal credit (this will not impact my personal credit score)
A hard inquiry will be conducted on my business credit (this may be reflected on my business credit report)
These inquiries are used solely to assess eligibility for business funding products
My information will be kept confidential and used only for this application

I authorize Slate Financial to perform a soft pull on my personal credit and a hard pull on my business credit

🔒 256-bit SSL encrypted · Your data is never sold

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Program Highlights

No personal income verification

Qualify on property cash flow

1–8 units

Foreign nationals eligible

Required Documents

Have these ready to speed up your approval:

📄Signed lease agreement(s)

📄Rent roll (if multi-unit)

📄12 months rent payment history

📄Market rent analysis (if vacant)

📄Property appraisal (lender may order)

📄Property insurance declaration page

📄Property tax bill

📄2 months bank statements (reserves)

📄Entity documents (operating agreement, articles, EIN)

📄Certificate of good standing

📄Government-issued ID

📄Personal credit authorization

📄Purchase agreement (if purchase)

Typical Timeline

14–21 days

Timeline begins after all required documents are received and verified.

Need Help?

Talk to a funding advisor

📞 (843) 290-8928

DSCR Loans

About DSCR Loans

How It Works

Who Qualifies

Typical Terms

Pros & Cons

Ready to Apply for DSCR Loans?

Application Form

Property Info

Loan Details

Borrower Info

Credit Authorization

Program Highlights

Required Documents

Typical Timeline

Frequently Asked Questions

Application Form

Property Info

Loan Details

Borrower Info

Credit Authorization