Bad Credit Is OK! – No Startups!
Our 2-minute application saves you a lot of time, as does our 24-hour approval process. We collect only the information we need, and get you approved and funded quickly. If you need a business loan fast, simply simply fill out the pre-approval form above now!
A Business Loan with Bad Credit – Is it Really Possible?
If you are planning to get a bad credit business loan in Buena Park, CA, First Choice Business Capital can help.We have many financing options available for companies, regardless of a bad credit history. The approval process is fast as well, 24 hours in most cases!
The Facts about Getting a Business Loan With Bad Credit
You are likely quite distressed and frustrated from being denied, but we can help. Banks deny loans for many reasons, but it could be as straightforward as a company applying for a business loan with poor credit. Working capital is at the heart of every business. Without proper accessibility to cash, most businesses couldn’t keep their doors open for very long.
Since the 2008 economy collapsed, even those companies that are successful have had a hard time securing bank loans. Regulations established after that time have cut availability to capital for a significant amount of establishments. Sadly, it is not the large corporations suffering the brunt of these new laws.
To complicate matters, these regulations apply to “Mom and Pop” type operations that have fewer than 50 employees. Alternate finance companies have stepped in to help solve this dilemma.
Bad Credit Business Loan Options
Perhaps you are one of the businesses that are unaware that short-term loan services are easily available. Small, medium and large businesses with bad credit can get loans, even if they have no collateral and terrible credit. Furthermore, you can get bad credit business loans fast and that’s no myth. Business loans for bad credit are given for all sorts of businesses in Buena Park. And some alternative lenders offer bad credit business loans fast. First Choice Business Capital is happy to offer loans in just 24 hours in many cases.
Looking for small business loans bad credit? First Choice understands this. We take pride in helping you solve your financial dilemma as quickly as possible, and we possess a high approval rate as well.
Short-Term Loans and Business Cash Advances
These types of offerings are known as merchant cash advances (MCAs). These poor credit business loans are sometimes the only thing standing between a company staying open or closing for good. Poor credit business loans are a true lifesaver for those companies that have been turned down by banking establishments because of their credit score. Qualifying for such a loan is easy since no collateral is required.
We provide loans for a myriad of industries as well, so it is highly likely we would be able to assist you. If you have deposited around 8-10 thousand dollars pretty much every month for the last three months, and have been operational for at least that amount of time, we can help you !
Perks of Merchant Cash Advances
MCAs offer many advantages to all kinds of companies like yours. One of the primary benefits of a loan of this sort is how quickly it is funded; it is extraordinarily fast in comparison to a loan from a bank. Many times, a business can have its approval in only one business day. The approval rate of these loans is humongous, compared to typical bank loans as well. Believe it or not, over 90 percent of them are approved!
You will not have to wait long for your cash, once approved. These loans are normally paid out in less than four business days, which is much faster than a bank. All you need to fill out is a simple one-page application form. You should also be prepared to produce the last six months of business bank statements. That is all we need to begin the approval process on your loan.
These loans are suitable for those that need a bad credit loan fast. When your business is slowing down caused by a lack of cash flow, this short-term business loan can get you the money you seriously need. These loans have a fixed capital cost and run from 4-18 months. Payouts can be made either daily or weekly. Payment loans made daily are Monday through Friday. Merchant cash advances generally have around 20 and 22 payments each month.
We Consult with Many Businesses
A wide variety of businesses qualify for short-term business loans bad credit. Merchant cash advance companies like to work with all sorts. Some of the most common niches include: Beauty Shops, Tire Shops, Carpentry, Construction, Masonry and Stonework, Driveway and Parking Pavement, Heating and Cooling, Gasoline Service Stations, General Building Contractors, Automotive/Mechanic Repair Shops, Wrecking and Demolition companies, Automobile Body Repair and Painting, Home Health Services, Interior Decorators, Pest Control, Nightclubs and Restaurants, Rigging and Scaffolding, Water Well Drilling and Trucking. These markets and more are suitable for business loans with bad credit. First Choice can help any business that meets the criteria and has credit woes.
States We Can Serve to Help!
If your business is in one of the following states, we may be able to help you with a cash advance: Alaska, Alabama, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Illinois, Idaho, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nevada, Nebraska, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wyoming and Wisconsin.
Work Only with Legitimate Bad Credit Business Lenders!
It is critical to deal exclusively with reputable providers when trying to obtain bad credit small business loans. It may be quite tricky determining with which institution to go, and there are lots of them. Perform your due diligence while you wade through the loan possibilities that are readily available.
It is unfortunate when a borrower is declined as a result of a broker providing erroneous information and facts to a lender. Reputable brokers know financing and the underwriting system well. They understand what it takes to get business backing.
The amount of the credit could also be raised if the brokerage house knows how to syndicate the transaction. When brokerage houses can syndicate, they may have the ability to secure more money on the loan. What you do not want is for the broker to shop your deal around. It should not be submitted to many lenders. Choosing a reputable alternate lending company goes a long way in making sure this does not occur. First Choice Business Capital knows this and would not do anything to mess up our client’s credit further.
Got Bad Credit Business Loan Needs? Call Us!
It is not necessary for you to hold everything until your score improves to apply for a loan. Do you seriously want to let this opportunity pass you by? You do not need to put up your personal possessions as collateral, and you do not need good credit. This is a business opportunity that is just way too good to pass up. You can get this process started right now by filling out the simple form. It is available online, or if you prefer to discuss your options, you can call us today!