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 Fairfield, CA – Is it Really Possible?
If you are looking to get a bad credit business loan in Fairfield, CA, First Choice Business Capital can help. At First Choice, we realize how nerve-racking and infuriating it can be if you have a subpar credit score and you’ve been getting declined from conventional banks for loans. That’s precisely why we have committed ourselves to making business-funding opportunities obtainable to all businesses regardless of a bad credit history.
This Can Help You Understand About Business Loans For Awful Credit
The majority of companies today do not qualify for bank loans. In fact, studies have shown that only 30 percent of businesses would get approved! Banks deny loans for many reasons such as a company applying for a business loan with poor credit. Companies may also have a judgment or lien against them, which can get in the way of obtaining a bank loan.
Working capital is the foundation on which a company operates.When a company does not have easy access to cash, a business’ lifespan is cut very short. In 2008, the economy crumbled, and ever since even those companies that are successful have had a hard time securing bank loans. New requirements have cut access to capital for many businesses.The ones affected are the small and medium-sized entities, those employing less than 50 workers. This is quite the dilemma, yet it has opened the market up for alternate lending options.
If you are interested in a loan approach that does not take the traditional route, a high-risk lender like First Choice Business Capital can provide the money you need, faster than you ever thought possible. So despite of what you may have heard, it is true that businesses with bad credit can easily get the finances they need by leveraging the various alternative-lending options available to them.
Options Are Available In Fairfield, CA, For Bad Credit Business Loans
What almost all businesses don’t realize is that unsecured short-term loans are quite easily made available to them! Subpar credit aside, you can secure business loans with bad credit. Furthermore, you can get bad credit business loans fast and we aren’t exaggerating. First Choice Business Capital can not only provide you the finance you need but give you poor credit business loans fast.
Many times, financing occurs in only 24 hours. You will be putting that money to work sooner than you ever thought conceivable! Small business loans bad credit is a reality. Stop dreaming about getting your money next week and start living with your money today. First Choice not only has a high approval process but an easy one as well. We understand the dire need to obtain the working capital you need. We also realize that you need the money now, and pride ourselves in helping you get financed as quickly as possible.
Business Cash Advances, Short-Term Loans And Unsecured Loans
Alternative lending such as these are often referred to as a merchant cash advance, or MCA. When a conventional bank turns down a loan, these can give you the money required to stay functioning. These alternative loan solutions are even easier to qualify for since no collateral is required. There are funding options for all sorts of companies; so no matter what trade you are in, we can help. We do not deliver start-up loans, so you will need to have a business that has been running for a minimum of three months. Beyond that, we will certainly need to see that you deposit a minimum of eight thousand dollars for the past three successive months.
Perks Of Merchant Cash Advances
Applying for a merchant cash advance clearly has its perks. MCAs offer many advantages to all types of companies like yours. One of the primary advantages of a loan of this sort is how quickly it is funded; it is especially fast in comparison to a loan from a bank. Many loans of this type are approved within as little as one day. The loan procedure is uncomplicated, too. All that is entailed to be filled out is one simple page. You will also need to provide bank statements from the last six months.
This is what is needed to get you approved quickly. A merchant cash advance is a perfect solution for companies that need cash right away. When your business is stalling due to a lack of cash flow, this short-term business loan can get you the money you desperately need. These loans have a fixed capital cost and run from 4-18 months.Repayments can be made either daily or weekly. Loan payments are made daily from Monday through Friday. Merchant cash advances commonly have around 20 and 22 payments each month.
We Consult With Many Businesses
Short term business loans bad credit is offered to a myriad of company niches. At First Choice, we have assisted almost every kind of company. Here are just a few we have worked with: Automotive/Mechanic Maintenance and repair Shops, Auto Body Repair and Painting, Pubs and Restaurants, Beauty Shops, Carpentry, Construction, Driveway and Parking Pavement, Diesel fuel Service Stations, General Building Contractors, Home Health Services, HVAC, Interior Decorators, Brickwork and Stone, Pest Control, Rigging and Scaffolding, Tire Shops, Truck, Water Well Drilling, Wrecking and Demolition companies and more. Any of these companies and many more can get business loans even if they have bad credit. If you meet the criteria we touched on previously, First Capital can work with you.
States We Consult With
Merchant cash advances are provided to business entities 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.
Seeking Out A Legitimate Lender Of Business Loans With Poor Credit
There are unethical companies in this industry, preying on those looking for bad credit small business loans. Considering this, it is essential to ensure that you only deal with reputable brokers. There are various different lending institutions, so you have to navigate carefully.
It is unfortunate when a borrower is declined as a result of a broker providing incorrect information and facts to a lender. It is very important that the brokerage firm has an in-depth understanding of the underwriting process. They ought to know their lenders well and have the capacity to guide the borrower through the process. Brokers may also be able to syndicate deals, meaning more funding for your company.
That being said, you want to be sure your loan application is not shopped around. When your credit rating is substandard, the very last thing you need is it being lowered even further because of your broker’s activities. Choosing a legitimate alternative financing company goes a long way in making sure this does not occur. First Choice Business Capital knows this, and would refrain from doing anything to harm our client’s credit further.
Call Today For Your Bad Credit Business Loan
Why wait for your score to get better? There are no fears about collateral. This is a tremendous opportunity for your business to get the funds you need now, instead of later. The straightforward application can be filled in online right now, and operators are expecting your call. Change the direction of your business by contacting us today!