Business Financing Solutions for San Diego Entrepreneurs
If you are a self-employed business owner in San Diego, California, and keep facing loan rejections, a No Doc Business Loan may be a better option. This type of financing is designed for businesses that generate strong revenue but show limited net income on tax filings.
Approval Based on Business Revenue
Our no doc loans are approved using your gross business income rather than net profit. Even if most of your revenue is written off as expenses, you may still qualify as long as your business shows consistent income.
A Practical Option for Growing Businesses
Many San Diego businesses reinvest earnings into renovations, equipment, marketing, or expansion. While this helps the business grow, it often reduces year-end profit, making it harder to qualify for traditional bank loans. Our no doc loan program is structured to work with these situations.
The High Cost of Factoring Loans
When business owners have strong monthly cash flow but low adjusted net income, they are often pushed toward factoring loans or accounts receivable financing. These loans typically require six months of bank statements and come with very high costs. Borrowing $25,000 can mean paying back close to $37,000 within six months. After repayment, many businesses find themselves repeating the same cycle.
Stated Income No Doc Loan Program
Our stated income no doc program allows you to qualify using your annual income. If you state earnings of $100,000 or $200,000 from the previous year, that amount is used by underwriters during review. This often results in larger loan amounts with lower interest rates.
Clear Terms With Monthly Payments
Compared to factoring companies, our loans offer:
1. Low interest rates
2. Long repayment terms
3. Simple interest loans
4. Monthly payments instead of daily deductions
5. No prepayment penalties
Apply for a No Doc Business Loan in San Diego, California
If you are having trouble getting approved for a business loan in San Diego, California, we are here to help. Contact us today to explore your options. Fill out the form to the right, and one of our representatives will reach out to you shortly.
