No Doc Business Loans

  • Reduced interest rates starting at 7%
  • Quick approval process
  • Same-day business loans available
  • Bad credit scores accepted
  • Minimal paperwork requirements
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Minimal doc business loans for small businesses that want quick funding.

Getting a Business Loan with Low or No Paperwork

Many lenders require borrowers to fill out several forms, including bank statements, proof of assets, tax returns, balance sheets, income verification and more. While an involved documentation process can have its benefits, it’s also extremely time consuming. Traditional banks tend to be slow moving, causing borrowers to wait on working capital for long periods.

Fortunately, small business owners can secure loans with little to no documentation required. At Clarify, you won’t be asked to fax excessive amounts of financial statements to lenders. We’ve streamlined the funding process to make things easy.

We understand small business owners are busy. Our low-documentation loans are fast, so you can spend your time where it counts.

Types of Reduced Paperwork Business Loans

Small business owners who want to apply for a loan without all the documentation have different options. At Clarify, we keep things moving, so you don’t have to wait for business financing. Below is a brief overview of the popular funding types we provide.

Short-Term Business Loans

Also known as installment loans, short-term business loans involve receiving a lump sum of money with a regular repayment schedule over a fixed period. Term loans are the most common financial product used by borrowers wanting a no-doc or low-doc commercial loan.

Low-Doc Equipment Financing

Looking to buy or lease equipment? We’ve got you covered. With equipment financing, companies receive a certain amount of capital for renting or purchasing equipment. Collateral isn’t required. Small business owners can secure funds for equipment, including heavy machinery, with little documentation and disclosure.

Business Cash Advance

A business cash advance, or merchant cash advance (MCA), is a common financing type used to fill in cash flow gaps. Businesses exchange a percentage of their future sales for instant access to working capital. Because the process can be done online, there’s no need to complete paper forms.

No-Doc Business Line Of Credit

Low-doc business lines of credit are another popular financing option. Small business owners commonly use funds to pay for unexpected expenses at a lower interest rate than a business credit card. The application process is simple. All necessary information can be provided electronically, eliminating any need for pen-and-paper documentation.

Invoice Factoring

Also commonly referred to as accounts receivable financing, invoice factoring provides immediate working capital for small business owners. Rather than manage invoices independently, small business owners can work with a third party to collect payments directly from clients and customers. Outside of an initial application, which can be completed quickly, there’s minimal paperwork required.

How Do No-Doc / Low-Doc Business Loans Work?

Small business owners can complete an easy and quick online application. Unlike traditional lenders who typically require applicants to provide tax returns, profit and loss statements, balance sheets, A/P or A/R, and other financial documents, alternative lenders offer similar marketplace loans with less documentation requirements.

Typically, borrowers will be asked to provide merchant processing and/or bank statements. Since there’s less paperwork demands, the process moves much faster.

Most lenders allow the applicant to complete all forms online, for a hasslefree and convenient experience. Businesses can receive capital immediately.

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What Are the Different Types of Reduced Paperwork Business Loans?

Most lenders will break down reduced doc loans into three different categories. Below we’ll offer some clarity and overview the three main loan types.

Low-Doc Business Loans

This is the most popular loan option for small business owners and entrepreneurs seeking reduced paperwork financing. There’s a significant reduction in documentation compared to traditional loan requirements, such as an SBA loan from the U.S. Small Business Administration (SBA) or a real estate loan that may require collateral.

Conventional lenders usually ask for multiple documents to verify financial history and performance. The increased paperwork ultimately ends up extending out funding timelines.

At Clarify, we keep things simple. We only require bank statements from the last three months. Reducing paperwork demands allows us to move quickly to get you financing.

Business owners frequently choose to work with an online lender over a traditional lender when they value speed in funding and want to increase their approval odds.

Stated-Income Business Loans

This funding type may require some documents, but like low-doc business loans, stated-income loans require less paperwork than standard business loans.

Borrowers with limited financing options usually pursue stated-income loans. Self-employed individuals and freelancers, for example, might have huge fluctuations in income, multiple streams of income, or receive a larger portion of their revenue in cash.

When this happens, business forms and tax documents may not accurately reflect an applicant’s true financial situation. These borrowers may use a stated-income loan because they can qualify for a larger loan amount.

Their self-reported statement determines funding eligibility, and there’s no need for formal proof. Lenders don’t require the applicant to provide verification materials.

While this option might seem easy, it’s not without a catch. Basing funding on word of mouth rather than financial statements means more lending risk.

Because lenders take on more risk for stated-income loans, financing terms tend to be less competitive. To reflect the increased lending risk, stated-income business loans have higher interest rates than low-doc loans.

No-Doc Business Loans

No-doc business loans are pretty much what they sound like! You don’t need to provide any financial statements or documentation to receive financing. Funding is provided based on credit standing and whatever information you provide in your loan application.

Lenders take on a large risk when offering no-doc business loans because of fewer safeguards. Of the three loan types, no-doc loans tend to have the least competitive repayment terms and, therefore, are often used as a last resort for businesses that need funding in the least amount of business days possible.

Like stated-income loans, the increased lending risk impacts the loan terms and interest rates. We always recommend prospective borrowers try for a low-doc business loan over a no-doc to qualify for the most competitive financing options.

Common No-Doc Loan Uses

Clarify offers low-doc financing to cover all your business needs. Here are some of the top ways business owners use the funding.

Short-term Needs

Less paperwork can mean getting funds quicker, usually the same day. You may not have time to wait if you have an immediate financial need. Get a fast business loan to take care of urgent expenses.

Equipment & Machinery

Finance technical equipment, heavy machinery, automobiles, and more. Most industries have some type of equipment or machinery needed to get the job done. Whatever your needs, we’ve got you covered.

Payroll & Taxes

Payroll and taxes are some of the highest expenses a business incurs. Loans can be used to help you meet any outstanding financing obligations. Small business owners use funds to cover staffing costs and tax burdens.

COVID-19 Assistance

Offset a decline in sales or increase in operational expenses caused by the novel coronavirus with an infusion of working capital. We understand how difficult these unprecedented times have been for small businesses nationwide. Use financing to pay for personal protective equipment (PPE), employee and customer safety products, and any extra sanitation measures you implement.


Get the inventory you need for your company in the best time frame for you. You can allocate funds toward buying orders, ensuring you can always meet customer demand.

Smoothing Cash Flow

Business owners often are short on cash but expect to receive additional funds soon. Smooth over cash shortfalls with financing. Our expedited loan process ensures fast access to capital in your bank account.

Frequently Asked Questions About No Doc Loans

Many traditional banks and large credit unions don’t offer no-doc loans. Online lenders can offer more flexibility in their lending requirements than their larger counterparts. Clarify Capital is a leading lender for low-doc loans.
We specialize in offering low-paperwork small business loans. Unfortunately, we currently don’t offer no-doc home loans or no-doc personal loans. We don’t offer EIN business loans and can’t accommodate startup business loans with EINs.
Self-employed business owners are our bread-and-butter. We offer low-doc commercial loans to small and medium-sized companies. Getting a business loan without paper documents is possible. Fill out our online app for streamlined digital funding.
Our client base is primarily business owners who have operated their companies for at least two years. Startups that meet our qualification criteria can receive fast funding with minimal paperwork needed, just like the other companies we service. That said, no-doc startup business loans are difficult to come by.
Stated-income business loans don’t require proof of income. They require no financial documents. Approval is based on verbal statements. Low-doc business loans require some amount of proof. Lenders ensure you qualify for the loan, but the process involves reduced documentation. It’s less paperwork-heavy than alternative financing options.

Most business lenders are unable to provide no-income business loans. Providing business loans without proof of income increases the risk of lenders and brokers significantly. While we can’t offer unsecured no-doc business loans, we offer similar financial products.

A low-doc business loan is a viable and popular solution for companies wanting to reduce the documentation they need to complete. Many lenders can provide business loans primarily based on bank statements, requiring little additional information. By asking for some form of verification and proof, the integrity of the business lending industry stays protected.

Types of companies we've funded quickly

What you need to get approved fast

  • keyboard_arrow_right Have been in business for over 6 months
  • keyboard_arrow_right Generate at least $10,000 per month in revenue
  • keyboard_arrow_right Can provide last 3 months of bank statements

Lending advisors that are experts in getting you funded

When you choose Clarify, we consider you family -- and work with you through the ups and downs of running your small business.Manufacturing Financing Team

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Retail business loans

"I highly recommend working with Clarify. The process is always very seamless with a quick turnaround time. I received the first loan for my company from Michael several years ago to buy inventory at a better cost. Since then, my company has grown significantly, and Michael has been there every step of the way. I’m looking forward to continuing my relationship with them for many years to come."

Golf Cart Retailer
5-star Trustpilot reviews5-star Trustpilot ratingClarify Capital is rated 10/10 based on 225 reviews on Trustpilot
Ready To Grow Your Business?

Apply for a no-doc business loan now. Our approval process is quick! Our online application takes just 2 minutes. Receive funding within a day. Prequalification has no impact on your credit score.