Top Loans to Benefit Your Business: No-Doc Loans


No-Doc Loans

NO DOC STATED INCOME BUSINESS AND START UP BUSINESS  LOANS

WHAT IS A NO DOC LOAN OR LINE OF CREDIT?

Our no doc loan is a loan based off stated income.  Stated income means your true income.  The total income you made for the year.  Checks, cash, credit cards and any other income that you made.  Since its a stated income product you will not have to prove financial documents including taxes, w2’s or pay-stubs.

WHO USES IT?

The self employed, 1099 contractors or any existing businesses that write off most or all of their taxable income or even take a loss.  Using stated income (the total income you actually make gross NOT what you show after deductions) allows you to show more income and maximize you’re working capital needs.

WHY DO I NEED THE NO DOC PRODUCT?

DO YOU WRITE OFF ALL OR MOST OF YOU’RE INCOME ON YOUR TAX RETURNS?  If you are self employed, a business owner or a 1099 contractor their is a very high probability that you will asked to verify both business and personal income taxes.  If you’re taxable income does not meet the minimum underwriting requirements (adjusted income is too low) then the loan will be turned down leaving you frustrated without the working capital needed to run you’re business.

HOW DOES A NORMAL BANK LOOK AT MY PERSONAL TAX RETURNS TO  QUALIFY ME FOR A LOAN?

They think you’re adjusted gross income (income after tax write-offs) is your income.  If you make $100,000 a year and write off $90,000 a year as business related expenses then you’re real income is only $10.000 a year or $833.33 a month.   With you’re existing monthly bills (houses, cars, credit cards, student loans etc.) you’re ability to pay them back (making $10,000 a year) is even worse.   If your tax returns make you appear on paper that you’re living off the cash flow of the business then you’re not profitable (according to the adjusted taxes) and won’t qualify for financing.

HOW DO WE QUALIFY YOU FOR FINANCING?

Simple.  We use stated income.  We don’t ask you for taxes, bank statements or a 4506t form to the IRS.  You’re income is based off what you tell us it is.  Its stated and not verified.  A 650 minimum personal credit score is needed to qualify.  Our product highlights are below.

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PRODUCT HIGHLIGHTS

 Income is stated instead of being proven. Taxes, W2’S or Paystubs are not required. Higher stated income means a higher loan approval.

 Clients who have had a few problems in the past (late pays, collections, charge offs) may qualify for smaller dollar amounts ($10,00 to $20,000) and go thru a probationary phase to qualify for more in the future.

 Clients that have higher debt utilization or more maxed out credit will qualify for smaller amounts ($10,000 to $15,000).

 All industries and occupations are allowed.  This includes business owners, 1099 contractors, and cash only paid clients.

 Clients with light credit or low trade lines will qualify for a limited amount of funding. (up to $35,000) until credit becomes more established.

 Our no doc loans are NOT ACH or factoring loan. Terms are up to 7 years. Loan payback is paid once a month. Not Daily.

Thinking of Starting a New Business?

Now is the time! With our society ready to get back in action (safely), new business concepts are quickly emerging with creative flows for serving the public without the high risk of spreading the virus. Put your innovative business concepts into play, and connect with us to get the funding you need to start your newest venture!

Financial restraints have been a complaint for many of the dreamers, limiting themselves to their immediate funds. There is an alternative. If you have the dreams and decent credit, Small Business Loans and No Doc Loans are available to you. Our goal is to provide you with the knowledge you need and the resources available to make your dream a reality. Give us a call – we have the education and the perspective to help you obtain the loans you need for your small business. Visit our website or give us a call to find out what financial backing is available to make your business soar!

Unsecured Finances has over 10 years in the consulting business! We specialized in educating and assisting clients on acquiring Unsecured Business Loans and Start-Up Business Specialty Loans including; Unsecured No Documentation (No-Doc Stated Income) Loans, Unsecured Business Loans, and Unsecured Start-Up Business Loans and Lines of Credit from $10,000 to $500,000 without Assets.

Apply on our website to find out if you qualify, or call today for a free consultation: 1-888-294-2584

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