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 In Davis, CA – Is it Really Possible?
First Choice Business Capital can help you get the bad credit business loans you are in need of to keep your business in Davis, CA making money, despite the fact that you have bad credit.We know it can be so frustrating trying to get a traditional loan from a bank when your credit score is below average.
Great Tips On Getting A Business Loan With Low Credit
You are very likely quite worried and disappointed from being denied, but we can help. We pride ourselves in assisting companies get the funds they need regardless of what your credit history looks like, and we have many alternatives that we can offer. You may be surprised to learn that only 30 percent of businesses qualify for a bank loan – which means you are not alone!
A company may have a court judgment against them, or there may be tax lien issues. Capital is at the soul of pretty much every business, because working capital is the foundation on which a company operates.A business clearly can not keep its doors open without a cash flow. When the economy collapsed in 2008, it has become very tough for companies to secure loans.New requirements have cut access to capital for many businesses.The ones impacted are the small and medium-sized entities, those employing less than 50 workers.
This dilemma has opened the doors for new types of small business loans bad credit options from alternative lenders. High-risk lenders like First Choice Business Capital can surely provide quick approvals and no-nonsense funding solutions. So despite of what you may have heard, it is absolutely true and not just a misconception that businesses with bad credit can easily get the finances they need by leveraging the various alternative-lending solutions available to them.
Options Are Available In Davis, CA, For A Bad Credit Business Loan
It could be you are one of the businesses that are not aware that short-term loan services are easily available. Unsecured short-term loans are accessible to businesses a lot like yours! It could be that you are worried because you have no collateral and horrible credit. Even with bad credit and no collateral, businesses can acquire loans. These business loans for bad credit are not just for certain types of companies, either.First Choice Business Capital service many different types of ordinarily funds loans within 24 hours. Yes, just 1 day! Want Small business loans, but got bad credit? No problem, because we have you covered! First Choice knows that businesses in need require financing now, so we pride ourselves on a high approval percentage that occurs quite quickly.
Short-Term Loans, Unsecured Loans & Business Cash Advances
These types of alternative lending solutions are often known as a merchant cash advance, also referred to as (MCA). When a traditional bank turns down a loan, these can produce the money required to stay running. If you’re a business with poor credit, you don’t need to have collateral. We offer custom loaning for businesses in all types of industries. We only require that your business has been operating for a minimum of three months and that you transfer between 8-10 thousand dollars monthly.
What Are the Positive Aspects of Merchant Cash Advances?
There are many advantages to applying for a merchant cash advance. A prime example of one of these advantages is how quickly a merchant cash advance is financed. Where traditional banks can take a long time, an MCA could be approved and paid in only a fraction of the time. Many times, a business can have their approval in only one business day. The approval rate of these loans is enormous 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 money, either; most loans are financed less than four days soon after approval. The process to get approved is easy, too. The application form is only one page. Have your business’s last six months of bank statements ready, too. A merchant cash advance is an excellent solution for companies that need cash quick. A short-term business loan in the form of a merchant cash advance is most likely just what you need. These poor credit business loans, which usually run from 4 to 18 months, have a fixed cost of capital. An MCA can be paid possibly by the day or week. Daily payments are made five days per week, not counting Saturday or Sunday. For a merchant cash advance, there are usually between 20 and 22 payments every month.
Some Businesses We Partner With
Short-term business loans bad credit is offered to a myriad of company niches. At First Choice, we have worked with almost every kind of company. The following sectors are just some of the businesses we work with: Automotive/Mechanic Repair Shops, Wrecking and Demolition, Car Body Repair and Painting, Water Well Drilling, Cafes and Restaurants, Trucking, Beauty Shops, Tire Shops, Carpentry, Rigging and Scaffolding, Construction, Pest Control, Driveway and Parking Pavement, Masonry and Stone, Gasoline Service Stations, Interior Decorators, General Building Contractors and Home Health Companies. Business loans with bad credit can be had by these companies and many more. We can work with any business that has bad credit and meets our minimum criteria.
States We Do Business In
If your business is in one of the following states, we may be able to help you with short term business loans bad credit: Wisconsin, Wyoming, West Virginia, Washington, Virginia, Vermont, Utah, Texas, Tennessee, South Dakota, South Carolina, Rhode Island, Pennsylvania, Oregon, Oklahoma, Ohio, North Dakota, North Carolina, New York, New Mexico, New Jersey, New Hampshire, Nebraska, Nevada, Montana, Missouri, Mississippi, Minnesota, Michigan, Massachusetts, Maryland, Maine, Louisiana, Kentucky, Kansas, Iowa, Indiana, Idaho, Illinois, Hawaii, Georgia, Florida, Delaware, Connecticut, Colorado, California, Arkansas, Arizona, Alabama and Alaska.
Working With A Trusted Representative of Business Loans With Poor Credit
It is critical to only work with reputable dealers when trying to secure bad credit small business loans. It can possibly be quite challenging deciding which institution to go with, and there are many to choose from. Not all them will have your best interest at heart. Borrowers are sometimes declined because the wrong information is provided to financial institutions by the brokerage firm. A good brokerage house can get businesses funded by thoroughly understanding the underwriting process of the different lenders available to them.
You should also know that some broker houses could even syndicate offers, which can amplify the total approval amounts. Also, a good broker should stop your deal from getting submitted to multiple lenders. Deals that are submitted in tandem like this can make your credit score take a nosedive even further. You do not want this to happen, primarily when a low credit score is why you are shopping for alternative lending in the first place. Picking a reputable lending house like First Choice Business Capital will save you this heartache.
Got Bad Credit Business Loan Needs? Call Us!
You do not have to wait until after your credit score is better to get bad credit business loans fast. This is a business opportunity you can’t miss! The straightforward application can be completed online right now, and agents are anticipating your call. Change the direction of your business by calling us for your right now!