(Newswire.net — July 13, 2016) Pompano Beach, Florida — Individuals looking to start their own businesses often struggle to secure financing. Traditional loan providers such as banks and credit unions may not accept the financial risks involved in helping someone start up a small business, and there may be few other avenues available for start-up loans. The experts at Unsecuredfinances.com understand this difficulty, having helped many people achieve funding for their own businesses. The company recently discussed Texas business startups and the process involved in getting financing through the Florida-based loan consulting firm. “Clients in the state of Texas have available to them what is called a ‘no doc’ stated income loan,” says a spokesperson for the company. “Flexible regulations and good personal credit make this a favorable solution for those who can’t secure financing options elsewhere.” To learn more, visit https://unsecuredfinances.com/start-up-business-loans/.
For example, an individual with his or her own small trucking company in Texas may earn $100,000 a year but writes off $90,000 of that income. This gives the individual $10,000 per year in taxable income, which disqualifies most people from traditional business startup loans. “Most new businesses write off most of their income in the first few years of operation,” says the spokesperson. “This is done for legitimate purposes, such as saving money on yearly taxes.” Stated income loans, on the other hand, are based on the actual income, not just the taxable income. No documents (the “no doc”) are not required to verify income, thanks to high personal credit ratings. The financing consultants, based in Pompano Beach, Florida, can use this method for both business and personal loans for clients in Texas. Even small companies without appropriate business credit under their Employer Identification Number (EIN) can qualify for a no-doc loan, provided they have been in business for at least two years and have good personal credit. In some cases, companies in business for less than two years may also be able to receive these loans.
Unsecuredfinances.com offers its Texas clients some of the most competitive rates in the startup loan industry, generally ranging in the 5-11.5% range. The company backs its no-doc loan products with no prepayment penalties with longer-term loan periods with financing rates that allow clients to keep monthly debt obligations low, increasing profit margins for these new businesses that need all the help they can get. For more information on the company, visit their website at https://unsecuredfinances.com/.
About MD’s Mortgage Solutions, LLC
UnsecuredFinances.com is a specialist consulting firm that focuses on helping clients get unsecured business and start-up loans. The company works with hundreds of banks, credit unions, and venture capitalist firms, leveraging those relationships to enhance services for their clients, many of whom may not be able to secure business funding through traditional sources. No-doc loans, high debt load funding, unsecured personal lines of credit, and many other financing products are available through the Pompano Beach, Florida-based business loan company.
MD’s Mortgage Solutions, LLC
Unsecuredfinances.com4304 NW 9th Avenue, Building 1, Unit 3D
Pompano Beach, Florida 33064
United States
(888) 294-2584
info@unsecuredfinances.com
https://unsecuredfinances.com/