Loan Options for Self-Employed and Small Business Owners
If you own a small business in Rio Rancho, New Mexico, and traditional lenders keep turning you down, a No Doc Business Loan may be a practical option. This program is designed for business owners who earn solid revenue but do not show high taxable income.
Revenue-Based Loan Approval Process
Unlike bank loans that focus on net profit, our no doc loans are reviewed using your gross business income. Even if expenses and write-offs reduce your reported profit, strong revenue can still help you qualify.
Built for Businesses Focused on Growth
Many businesses in Rio Rancho put most of their earnings back into the company—whether for improvements, equipment, marketing, or expansion. While this helps the business grow, it often lowers year-end profit and limits access to traditional financing. Our program is structured to work around that challenge.
Why Short-Term Funding Becomes Expensive
When business owners have steady cash flow but low adjusted net income, they are often offered factoring loans or accounts receivable financing. These options typically require six months of bank statements and come with extremely high costs. Borrowing $25,000 can easily turn into paying back close to $37,000 in just six months. Once the loan is repaid, many businesses are forced to repeat the process.
Stated Income No Doc Loan Program
Our stated income no doc loan allows you to qualify using your annual business income. If you state that your business earned $100,000 or $200,000 last year, that amount is used by underwriters during the review process. This method often results in higher approval amounts with lower interest rates.
Clear Terms With Monthly Payments
Compared to factoring companies, our loans provide:
1. Lower interest rates
2. Longer repayment terms
3. Simple interest structures
4. Monthly payments instead of daily withdrawals
5. No prepayment penalties
Apply for a No Doc Business Loan in Rio Rancho, New Mexico
If getting approved for a business loan in Rio Rancho, New Mexico, has been a challenge, 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.
