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!
Can I Get a Business Loan in Escondido, CA, If I Have Bad Credit?
If you are aiming to get a bad credit business loan in Escondido, CA, First Choice Business Capital can help. Traditional banks often say no to funds when businesses do not have good credit, which causes much frustration to the owners. We understand your pain. Regardless of a bad credit history, we have many business funding options available, such as cash advances, short-term loans and much more.
The Facts About Obtaining a Business Loan With Bad Credit
Studies have shown that approximately 70 percent of companies will not qualify for traditional bank loans. So if you have been denied, you may find yourself in the majority. Banks refuse loans to companies with bad credit for a vast range of reasons. Once a business gets denied for a loan, they often give up all hope for funding.It’s very important to keep in mind that the core of every business is its capital.
When a company does not have easily access to cash, they are not going to be able to stay open for very long. In 2008, the market crumbled, and ever since even those companies that are successful have had a hard time securing bank loans.There are new guidelines in place as well that make the procedure even more challenging than it was before the collapse.To complicate matters, these regulations apply to “Mom and Pop” type operations that have less than 50 employees.
While this is a step in the wrong direction, it has opened up a new market for those specializing in alternative funding options.High-risk lenders like First Choice Business Capital could provide quick approvals and no-nonsense funding solutions.No matter what you may have heard, it is certain that there are other options readily available for businesses apart from standard banks when credit is an issue.
Options Are Available in Escondido, CA, for Bad Credit Business Loans
It could be you are one of the businesses that are not aware that short-term loan services are out there. Small, medium and even large companies can qualify for uncollateralized loans. Even with bad credit, it is entirely possible to get approved right away. Even with bad credit and no collateral, businesses can acquire loans. You can get approved for the business loans with poor credit you need, as quickly as tomorrow. Many different types of companies can get business loans for bad credit with the options we offer. Small business loans bad credit – really? Yes, you’re definitely not dreaming! Business owners don’t need the money next week. They need it now. First Choice not only has a high approval procedure but an easy one as well. We understand the dire need to obtain the working capital you need. We also understand that you need the money now, and pride ourselves in assisting you get financed as fast as possible.
Business Cash Advances, Unsecured Loans and Short-Term Loans
Merchant cash advances such as this are also referred to as an MCA. When a traditional bank turns down a loan, these can supply the money required to stay doing business. If you’re a business with poor credit, you don’t need to have collateral. We offer custom lending for businesses in all types of industries. If you have deposited somewhere between 8-10 thousand dollars each and every month for the last three months, and have been in business for at least that amount of time, we can assist you!
Perks of Merchant Cash Advances
Merchant cash advances offer many perks to all kinds of companies. A big advantage of this type of loan is that it can be funded in a fraction of the time of a traditional banking loan. Many loans of this type are approved within as little as one day. You will not need to wait long for your money, either; most loans are financed less than four days just after approval. The application is only one page and the last six months of banking statements will need to be supplied.A merchant cash advance is an ideal solution for companies that need cash in a flash.
A merchant cash advance is a short-term business loan that can get you going again.These loans are generally paid back in fewer than 18 months, some as little as four months. Payment options are flexible for these loans, and they can be paid either daily or weekly with the exception of Saturday and Sunday. Each month, there are customarily 20 to 22 payments for a merchant cash advance.
We Partner with All Types of Companies
A vast range of businesses make the cut for short term business loans bad credit. Merchant cash advance companies like to work with all sorts. The following specific niches are just some of the businesses we work with: Home Health Companies, HVAC, Interior Decorators, Masonry and Stonework, Pest Control, Rigging and Scaffolding, Tire Shops, Trucking, Water Well Drilling, Wrecking and Demolition companies, Automotive/Mechanic Repair Shops, Auto Body Repair and Painting, Pubs and Restaurants, Beauty Shops, Carpentry, Construction, Driveway and Parking Pavement, Gasoline Service Stations and General Building Contractors. Any of these companies and many more can be given business loans with bad credit. As you discovered before, the application process is easy and the criteria minimal. If you have credit challenges affecting your ability to obtain a loan, First Capital can help.
States We Can Serve to Help!
Merchant cash advances are provided to business organizations in the following states: 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.
Picking a Trusted Lending Institution of Poor Credit Business Loans
When trying to get bad credit small business loans, be certain that you are working with a professional broker. Perform your due diligence while you wade through the loan choices that are readily available. It is unfortunate when a borrower is declined because of an agent providing wrong relevant information to a lender. It is important that the brokerage firm has an in-depth understanding of the underwriting process.
They need to know their lenders well and have the capacity to guide the borrower through the process. When brokerage houses can syndicate, they may manage to secure a lot 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. When an application is shopped around, it can damage your credit score even more. Choosing a trustworthy alternative lending firm like First Choice Business Capital will protect you from this.
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 that doesn’t require you to put up your personal possessions as collateral, and you do not need good credit. This opportunity is just way too good to pass up. Call us now or submit the short online application to get the process started right now!
First Choice Business Capital
Escondido, CA, United States
Communities we serve:
92027, 92025, 92026, 92029, 92069, 92078, 92082, 92030, 92033, 92046