(281) 688-6166

Elevate and Expand your Business

Get the Funding you need for your business growth!

Business funding in Houston

These are the guidelines we use to determine prequalification:

Utilization <25% (total credit card balances divided by total credit limit)

DTI <35% (total monthly payments divided by monthly income)

Credit card balance <20K

Inquiries <5 per bureau (we don't count mortgage or auto)

Negatives: missed payments, collections, bankruptcies (must be over seven years ago and we look at how credit is recovering)

Make sure you aren't overleveraged

>5 years of credit history

Requires no business experience

Requires business experience

Business Loan Program
Business Loan Program
Minimum Qualifications

Preferred Industries

  • Minimum Equifax credit score of 551
  • Minimum 1 month time in business (same ownership)
  • Minimum monthly sales of $17,000
  • Loan amounts up to $500,000 for single entities
  • Loan amounts up to $750,000 for multiple entities
  • Fixed terms from 12 to 36 Months
  • We can pay off up to 2 competitors (short-term loans)

Expanded Portfolio

  • Minimum Equifax credit score of 601
  • Minimum 2 years time in business (same ownership)
  • Minimum monthly sales of $17,000
  • Loan amounts up to $500,000 for single entities
  • Loan amounts up to $750,000 for multiple entities
  • Fixed repayment terms from 12 to 36 Months
  • We can pay off up to 2 competitors (short-term loans)
Loan Program Advantages
  • Loan amounts from $5,000 to $1,000,000
  • No collateral required on amounts up to $750,000
  • Repayment terms from 12 to 36 months
  • Same-day approvals and fundings in under a week
  • Minimal documentation is required
  • Interest-only options are available
  • Up to 50% principal deferment for lowest payment
  • All loans come with an optional line of credit
  • Fast access to 5 loan drafts over a 6-month period
  • Repayment is not tied to credit card transactions
  • Early pay-off options are available
  • The interest paid is tax deductible
Approved Industry Types

Approved Industry Types

Approved Industry Types (Preferred B2C)

Health & Wellness

  • Acute Care Facility
  • Auditory Center
  • Cancer Radiology Center
  • Cancer Treatment Facility
  • Chiropractor
  • Cosmetic Surgery
  • Dentist
  • Diagnostic Imaging Center
  • Doctor
  • Hospital
  • Medical Spa
  • Nursing Home
  • Optical / Vision Store
  • Orthodontist
  • Physical Rehabilitation
  • Urgent Care Facility
  • Veterinarian

Retail & Shopping

  • Automotive Parts Store
  • Automotive Repair
  • Automotive Services
  • Bakery / Catering
  • Beauty Salon
  • Book Store
  • Candy Store
  • Car Wash
  • Cheese Store
  • Coffee Shop
  • Drug Store
  • Florist
  • Food Gift Basket Store
  • Gourmet Food Store
  • Grocery Store
  • Hardware Store
  • Mall Food Outlet
  • Pharmacy
  • Prepackaged Meals
  • Quick Copy
  • Retail Store - Other
  • Sporting Goods Store

Dining & Entertainment

  • Bar
  • Bowling Alley
  • Café in Fitness Center
  • Ice Cream / Yogurt Store
  • Liquor Store
  • Movie Theater / Playhouse
  • Nightclub
  • Restaurant
  • Smoothie Shop
  • Tavern

Other Services

  • Barber Shop
  • Bed & Breakfast
  • Bicycle Shop
  • Hotel / Motel
  • Mail & Package Store
  • Nail Salon
  • Pet Grooming / Boarding
  • Photo Studio
  • Printing
  • Spa
Approved Industry Types (Expanded Portfolio B2B)

Professional Services

  • Accountant
  • Architect
  • Business Services
  • Commercial Cleaning Services
  • Commercial Inspection Services
  • Communication Company
  • Legal Services

Manufacturing & Production

  • Aerospace
  • Alternative Energy Production
  • Building Equipment
  • Building Materials
  • Chemical & Related Manufacturing
  • Defense Contractor
  • Defense Electronics
  • Electronics Manufacturing
  • Food Manufacturing
  • Food Processing & Sales
  • Drug Manufacturing
  • Meat Processing & Products
  • Pharmaceuticals & Health Products
  • Nutritional & Dietary Supplies
  • Steel Fabricator
  • Steel Production
  • Textiles

IT & Technology

  • Computer Software
  • IT Hardware Sales
  • IT Services
  • Telecom Services & Equipment

Media & Publishing

  • Cable & Satellite TV Production
  • Podcast Producer
  • Printing & Publishing
  • Radio Station/Services
  • TV Station/Services

Joseph "DOC" Soulamon

always going the extra mile for your smile

SERVICE IS EVERYTHING Joseph "DOC" Soulamon is a Mortgage Loan Originator with NEXA Mortgage, where he can offer a wide array of loan options that will meet most borrowers’ needs. He works with a fantastic team that assists him in expediting a seamless loan process. No matter where you live in the USA, our nationwide team can help you close your loan with care and in a timely manner. Joseph has vast knowledge of the industry yet he is still learning everyday to give his clients the best possible experience. He is extremely passionate about helping renters become homeowners and saving borrowers money by assisting them in refinancing into lower-cost options. He also helps investors find the loans they need to build their financial legacy. Joseph prides himself on customer service which includes top-notch communication and education.

Joseph J. Soulamon
See the future

:

2918 W Grand Pkwy N Ste. 150-120, Katy, TX 77449

Houston, TX 77449

Company State License#

AZMB - 0944059

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Contact Us

Joseph "DOC" Soulamon

Your Trusted Mortgage Advisor

NMLS # 2234526

Located In: All states EXCEPT NY & MA

Phone:

(281) 688-6166

Email:

jsoulamon@nexamortgage.com

PROUD SUPPORTER OF

mortgage brokerage

This is not an offer to enter into an agreement. Not all customers will qualify. Information, rates and programs are subject to change without notice. All products are subject to credit and property approval. Other restrictions and limitations may apply.

Joseph Services all of All states EXCEPT NY & MA

mortgage brokerage

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