In 2017, Colorado grew at an annual rate of 3.7 percent, which was faster than the overall US growth rate of 3.4 percent[1]. In addition, the self-employment rate in Colorado is more than 13.3 percent[2]

As the self-employed and small-business economy grows, more and more business owners are in need of loans for self-employed but are often turned away because they don’t perfectly fit the desired description of the limited lender. For many banks, a client must perfectly check specific boxes in order to qualify for one of the few loan programs they offer. Today, this way of qualifying someone for a loan is outdated and doesn’t really make sense in this economy. 

Getting a Bank Statement Loan: Denver, Colorado

For example, in Denver, Colorado, Mitch ran a gas station for more than five years, but because inventory is difficult to track, getting a loan based on financial statements wasn’t an option. Mitch wanted to provide a home for his growing family and was relieved to find Griffin Funding’s Bank Statement Loan program. 

Griffin Funding took two years of Mitch’s bank statements and was able to count 100 percent of deposits as income. With this great new option for a desirable home loan, Mitch bought a new home just in time for the new addition to the family. 

Bank Statement Financing with Griffin Funding

Griffin Funding is a direct lender as well as a broker. Unlike most banks that only offer a few products, we partner with over 40 different banks, lenders, private equity funds, and investors nationwide and offer a large range of products. We have the ability, flexibility, and relationships with different money sources, that enable us to find the unique loan that fits your unique situation.

We operate in:

  • Denver
  • Colorado Springs
  • Aurora
  • Fort Collins
  • Lakewood
  • Thornton
  • Arvada
  • Westminster
  • Pueblo
  • Centennial
  • Boulder

We currently offer two loan options for self-employed borrowers. 

  • Personal Bank Statements: qualify on 12 or 24 months bank statements. We count 100 percent of deposits as income.
  • Business Bank Statements: qualify on 12 or 24 months bank statements. We count 50 percent of the deposits as income.

Learn more about bank statement loan requirements here. Or contact us today.

  1. https://www.sba.gov/sites/default/files/advocacy/2018-Small-Business-Profiles-CO.pdf
  2. https://www.sba.gov/sites/default/files/advocacy/2018-Small-Business-Profiles-CA.pdf
  3. https://www.bls.gov/spotlight/2016/self-employment-in-the-united-states/home.htm