Fundera Business Loan No Doc Review! A Must See Review First!

Fundera Business Loan No Doc Review! A Must See Review First!

Short-Term Loans
Next up on our list of top no doc business loans are short-term loans. Short-term loans are like the term loans you know well, but with a few key differences.

These are lump-sum loans that get repaid over a set period of time with regular payments, including interest.

However, short-term loans have, as their name implies, shorter terms. Terms typically last for three to 18 months, and you’ll repay the capital with daily or weekly repayments. Loan amounts are usually smaller (e.g. up to $250,000) and interest rates range from 10% to a lot higher—even up to 100%.

Short-term loans are particularly useful when you have working capital needs, or one-off business investments or expenses you need to make. In addition, these can be great no doc business loan options for startups, as well as businesses with average or bad credit—as they’re often easier to qualify for compared to longer-term loans.

With this in mind, however, short-term loans aren’t true no doc business loans. You’ll need some paperwork to apply to short-term loans, but what you need to provide will be very minimal.

Here’s the list of what you might need:

Tax ID
Social Security number
Bank statements
Credit score
Personal and business tax returns

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