Business Loan Options for Mesa Small Business Owners
Are you a small business owner in Mesa, Arizona, struggling to get approved for a business loan? We specialize in No Doc Business Loans for business owners who generate strong revenue but show limited net income.
How No Doc Business Loans Are Approved
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, resulting in low net profit, this will not prevent you from qualifying.
Ideal for Businesses That Reinvest Their Revenue
Many businesses in Mesa reinvest their income into growth, renovations, equipment, or day-to-day operations. Because of this, year-end profits may be low, making traditional loan approval difficult. Our no-doc program is designed to work around this issue.
Why Factoring Loans Can Be Costly
When business owners have strong monthly cash flow but low adjusted net income, they are often directed toward factoring loans or accounts receivable loans. These loans usually require six months of bank statements and come with extremely high repayment amounts. For example, borrowing $25,000 may require paying back around $37,000 within six months. Once repaid, many borrowers must repeat the process.
Stated Income No Doc Loan Program
Our stated income no doc program allows you to qualify based on your annual income. If you state earnings of $100,000 or $200,000 from last year, that amount is used by underwriters during the review process. Using yearly income often allows you to qualify for larger loan amounts at lower rates.
Better Rates and Flexible Repayment Terms
Unlike factoring companies, our loans offer:
1. Low interest rates
2. Longer loan terms
3. Simple interest structures
4. Monthly payments instead of daily withdrawals
5. No prepayment penalties
Apply for a No Doc Business Loan in Mesa, Arizona
If you are having trouble getting approved for a business loan in Mesa, Arizona, please contact us today. Our team will review your situation and help you find a loan option that fits your business needs. Fill out the form to the right, and one of our representatives will contact you shortly.
