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Texas Bad Credit Cash Business Loans, No Credit Checks, Easy Financing Up To $50,000

By: J.M Luna

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Texas bad credit business loans and financing programs without credit checks are available with easy qualify financing up to $50,000. This enables established Texas small businesses a great opportunity to obtain a business loan and/or financing for their business without a personal credit check. This bad credit Texas business loan program with a no credit check isn’t a merchant cash advance or merchant loan. Additionally, it isn’t related to the payday loan program.

This Texas bad credit no credit check business loan and financing program is set up in the following manner. The bad credit business applicant should follow the below guidelines:

1) Maintain at least a $4,000 ending bank balance business account
2) Deposit at least 10-15 times per month in their business account
3) Be in business at one year and establish the ability to repay back the loan
4) Have no outstanding large tax liens, delinquent child support issues, not currently in bankruptcy or foreclosure

Documentation Requirements

1) Signed and dated application
2) Supply a copy of the detailed business bank statements for the last four months
3) Copy of the Owners Drivers Licenses
4) A photocopy of the Articles of Incorporation if Applicable
5) Copy of a business license, tax id number or any other relevant license

The bank will advance up to 2.5 x the average ending balance on the Texas business bank account for the last four months up to $50,000. These are Texas business loans and the length of the loan is four months which can be renewed. The loan can substitute a merchant cash advance if it doesn’t go over 40% of the qualified borrowing base. At funding, the financial institution will pay off the merchant cash advance or loan and pay you the difference.

Example, your monthly average ending balance in your business bank account is $20,000 for four months. Your borrowing base would be $20,000 x 2.5 or $50,000. If your current cash merchant advance is $18,000, the financial institution at funding would payoff the merchant first and remit to you the difference for $32,000. Apparently if you didn’t have an outstanding merchant cash advance, this section wouldn’t apply.

The kinds of Texas businesses that would be enormous for this type of bad credit business loans would be the following:

Gas stations, restaurants, bars, discos, tanning salons, pizza shops, dry cleaners, doctors, dentists, physicians, lawyers, accountants, Cpas, limousine owners, automobile service centers and body repair shops, dog groomers, florists, beauty and nail shops, distributors, all different types of service providers.

In close, this is a great opportunity to obtain a Florida bad credit business lending in this hard economy. This isn’t a merchant cash advance or loan program which can be quite tedious in its paperwork and processor work requirements . This great Texas business loan program isn’t credit driven, therefore your Fico Score isn’t an issue.. These Texas business loans can be renewed every four months if required by the applicant and gives the business a working capital injection.

Happy hunting for your Texas bad credit business loan without a credit check and its related financing.

Article Source: http://depositarticles.com/

J.M Luna has over thirty years experience in the financial field. This includes financing, leasing, business loans, hard asset money loans, and commercial lending.. U.S Corporate Capital Leasing assists Texas start up and seasoned businesses for all it financing needs. www.cclgequipmentleasing.com/cashadvances-150k.htm www.cclgequippmentleasing.com/cashadvances.htm

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