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 Fremont, CA, If I Have Horrible Credit?
Are you hunting for bad credit business loans in Fremont? If you want an immediate and hassle-free remedy, First Choice Business Capital can really help you today! Here at First Choice, we understand the pain and frustration that getting denied for loans from traditional banks can cause. We understand that having a less than stellar credit score can hamper your chances for a business loan from traditional banks.
Getting a Business Loan with Bad Credit, Truth or Fabrication?
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! We pride ourselves in helping companies get the funds they need, regardless of what their credit histories look like, and we have many options that we can offer.Poor credit alone is one of the prime reasons that banks deny business loans, there are other reasons, too, such as a tax lien against the company or a court judgment.
Working capital is the foundation on which a company operates and without it the business won’t be able to continue. Since the market collapse of 2008, it has become exceptionally difficult for profitable businesses to get a bank loan. From that time on, gaining access to capital has become a problem because of new regulations. To complicate matters, these regulations apply to “Mom and Pop” type operations that have fewer than 50 employees.
This is quite the dilemma, yet it has opened the market up for alternate lending options. At First Choice Capital, we are skilled in high-risk funding for those businesses that are affected by these regulations. Lending options for businesses with bad credit is not just a pipe dream. No matter what you may have heard, it is certain that there are other options in the market for businesses apart from standard banks when credit is an issue.
Fremont, CA, Bad Credit Business Loan Options
It could be that you are one of the businesses not aware that short-term loan options are easily available. Small, medium and even large entities can qualify for uncollateralized loans. Even with bad credit, it is likely to get approved immediately. That’s right, you can get business loans with bad credit. In fact, business loans for bad credit are available for all types of businesses and that’s not fiction, it’s fact. Many different types of companies can get business loans for bad credit with the options we offer. Some alternative finance companies offer bad credit business loans fast, like First Choice Business Capital, which is proud to offer loans in just 24 hours in many cases. Are you looking for small business loans, but have bad credit? First Choice not only provides a high approval process, but a swift 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 assisting you get financed as promptly as possible.
Short-Term Loans, Unsecured Loans & Business Cash Advances
You may have heard of these types of alternate loan options, which are also considered merchant cash advances or MCAs. These bad credit business loans are excellent for the majority of businesses that just can’t get standard financing due to their bad credit histories. It is even easier to qualify for these alternative loan solutions, since no collateral is needed. We offer custom lending for businesses in all types of industries. We do not provide start-up loans, so you must definitely have a business that has been functioning for a minimum of three months. Beyond that, we will need to see that you have deposited a minimum of eight thousand dollars each of the past three successive months.
Merchant Cash Advances Benefits
Applying for a merchant cash advance surely has its perks. MCAs offer many advantages to all sorts of companies like yours. For one, these loans are funded much faster than those from traditional banks. In fact, most of these loans are approved in 24 hours and around 90 percent of these loans are approved. Lastly, these loans are generally funded in 48-96 hours after approval.
The process for a loan approval is very easy. A one-page, easy application is needed, with the last 6 months of your business bank statements. With this information, you can get an approval very quickly. 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. They are considered short-term business loans and have a fixed cost of capital. They usually are paid within four months to a year and a half. 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.
With What Kind of Businesses Can We Coordinate?
Short-term business loans bad credit are offered to a myriad of company niches. At First Choice, we have helped almost every kind of company. Here is a sampling of the types of companies we deal with: Home Health Services, HVAC Systems, 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, Bars 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 receive business loans with bad credit. As you discovered before, the application process is easy and the criteria minimal. If you have credit difficulties affecting your ability to obtain a loan, First Capital can help.
States in Which We Do Business
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.
Looking for a Reputable Lending Institution of Bad Credit Business Loans
When a business with bad credit is looking for a merchant cash advance loan or bad credit small business loan, it is recommended to deal with a highly regarded broker. You should be careful, as browsing through all the different lending institutions can be a little tricky. There are also times when borrowers are turned down because the brokers provide the wrong information to potential lenders.
A respectable brokerage house should have extensive knowledge of the industry. It should know ways to get businesses financed by the lenders available, and it should have an in-depth understanding of the process. Such lenders that can syndicate the deals may even escalate loan amounts. You do not want your broker submitting your application to a lot of lenders, though. You really want to choose a reputable company like First Choice Business Capital to make certain that this does not happen.
Call Us Right Away for Your Bad Credit Business Loan Needs
There is no need to wait for your credit score to build up to apply for a business loan. Keep your personal belongings — you don’t have to worry about not having enough collateral. 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!
First Choice Business Capital
Fremont, CA, United States
Communities we serve:
San Francisco , Alameda, Berkeley, Daly City, Fremont, Hayward, Novato, Oakland, Pleasanton, Richmond, San Mateo, San Rafael, San Ramon, South San Francisco, Union City, Walnut Creek, Antioch, Brentwood, Concord, Livermore, MIlpitas, Palo Alto, Pittsburg, Vallejo
94536, 94538, 94539, 94555, 94537