Alternative Business Loan Options for Orlando Entrepreneurs
Are you a small business owner in Orlando, Florida, who keeps getting declined for traditional business loans? We provide No Doc Loans designed for business owners who have strong business revenue but low net income on tax returns.
Gross Income–Based Loan Approval
A no doc loan is approved using the gross income of your business rather than the net profit. This works well for business owners who write off expenses and show minimal net profit, even though their revenue remains high.
Supporting Businesses That Reinvest to Grow
Many businesses in Orlando reinvest most of their earnings into improvements, renovations, equipment, and expansion. While this helps the business grow, it often reduces year-end profit, making loan approval difficult through banks. Our no doc loan program is built to support these types of businesses.
High Cost of Factoring and Receivable Loans
When business owners show strong monthly cash flow but low adjusted net income, they are often pushed toward factoring loans or accounts receivable financing. These loans require six months of bank statements and usually come with extremely high costs. For example, borrowing $25,000 can result in repaying nearly $37,000 within six months. After a payoff, many borrowers must take out another short-term loan.
Stated Income No Doc Loan Program
Our stated income no doc program allows you to qualify using your annual business income. If you state earnings of $100,000 or $200,000 from the previous year, that number is used by underwriters during the review process. This often leads to higher approval amounts and more affordable interest rates.
Why Our No Doc Loans Are Different
Compared to factoring companies, our loans offer:
1. Lower interest rates
2. Longer repayment periods
3. Simple interest structures
4. Monthly payments instead of daily withdrawals
5. No prepayment penalties
Apply for a No Doc Loan in Orlando, Florida
If you are struggling to get approved for a business loan in Orlando, Florida, we are here to help. Contact us today to discuss your options. Fill out the form to the right, and one of our representatives will reach out to you soon.
