Ideal Candidates:
Self-Employed Service Professionals (e.g., consultants, lawyers, real estate agents, therapists): If your business revolves around services with minimal overhead, you'll likely benefit from a lower expense factor (as low as 15%), which means more of your deposits count as qualifying income. Why? Service-based businesses often have higher profit margins and fewer inventory costs, so lenders can conservatively estimate your expenses without undervaluing your earning power.
Product-Based Business Owners (e.g., retailers, e-commerce sellers, contractors): For those dealing in goods with higher variable costs like inventory or supplies (like a grocer), expense factors may range higher (up to 30-50%), but it's still far more flexible than traditional underwriting. These loans shine if your cash flow is strong but tax returns show deductions for stock, shipping, or materials.
Freelancers and Gig Economy Workers (e.g., rideshare drivers, content creators, app developers): Variable income from platforms like Uber or Upwork? Bank statements capture your true deposits, bypassing the hassle of inconsistent 1099 forms.
High-Net-Worth Individuals with Asset-Heavy Portfolios: Even if your business income fluctuates, we can combine bank statements with asset utilization (also known as asset depletion) to boost your qualifying income—tapping into savings, investments, or retirement accounts for a more complete financial picture.
