No Ongoing
Financial Reporting

At Commercial Direct, we do not require ongoing financial reporting.

Most commercial lenders require you to provide quarterly or semi-annual financial and operating statements on your business or property for as long as you are in your loan. Just imagine the additional work in keeping up with this requirement.

While continuing to provide these documents can be more than just a simple nuisance for small businesses, even more daunting is the imposition of financial "covenants." Covenants are legal obligations concerning the future financial strength of your business. This means that losing a tenant or experiencing a tough business period could put you in default on your loan, even if you are current with your monthly payments. The loan may become due and payable as a result.

The way we see it, your business is your business. Once your commercial loan has closed, simply make your monthly payments and we will never ask you for more financial information.