Business Financing for Self-Employed Owners in Houston
Are you a self-employed business owner in Houston, Texas, who is finding it hard to get approved for a traditional business loan? We offer No Doc Business Loans designed for business owners who show strong revenue but low net income.
How No Doc Business Loans Work
A no-doc business loan is underwritten using your gross business income rather than net profit. If your business earns high revenue but most of it is written off for tax purposes, you may still qualify without any issue.
Designed for Growing and Reinvesting Businesses
Many businesses in Houston reinvest their income into expansion, renovations, equipment, or staffing. Because of this, net profit at year-end may be low, which often leads to loan denials from banks. Our no doc program takes this into account.
Why Factoring Loans Are Not Ideal
When business owners have high monthly cash flow but low adjusted net income, they are often pushed toward factoring or accounts receivable loans. These loans require six months of bank statements and come with extremely high repayment amounts. For example, borrowing $25,000 could mean paying back nearly $37,000 within six months.
Our Stated Income No Doc Loan Program
Our stated income no doc loan allows you to qualify based on your annual income. If you state earnings of $100,000 or $200,000 from last year, that income is used by our underwriters to determine eligibility. This often results in higher loan amounts and lower interest rates.
Better Terms Than Factoring Companies
Unlike factoring companies, our loans offer:
1. Simple interest rates
2. Monthly payments (not daily)
3. Longer repayment terms
4. No prepayment penalties
Apply for a No Doc Business Loan in Houston, Texas
If you are struggling to get approved for a business loan in Houston, Texas, we are here to help. Fill out the form to the right, and one of our representatives will contact you shortly to discuss your options.
