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 Actually Possible?
First Choice Business Capital can help you secure the bad credit business loans you need to keep your business in Glendale, CA, profitable, whether or not you have bad credit.We have many funding options available for companies, regardless of a bad credit history. The approval process is fast as well, 24 hours in most cases!
Getting a Business Loan with Bad Credit, Truth or Delusion?
If you think you are alone in this dilemma, you may be surprised to know that you are not. Recent studies have even shown that less than a third of businesses could be approved for a loan from a traditional banking institution.Banks deny loans for many reasons. Poor credit alone is one of the primary reasons that banks deny business loans.A company could also have tax liens or judgments against it.
Once a business is denied for a loan, it often gives up all hope for funding.But without proper availability to cash, most businesses couldn’t keep their doors open for very long. Since the economic crash of 2008, it has become significantly difficult for profitable businesses to get a bank loan. New policies make the process even more challenging than it was before the collapse. The entities affected by these are not large corporations, but those with under 50 employees.
This dilemma has opened the doors for new type of loan options from alternative lenders.If you are interested in a lending process 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.By taking advantage of the alternate funding options available, it is true that a business with bad credit can get funding.
Options Are Available in Glendale for Bad Credit Business Loans
It is a shame that many individuals do not know their options. Unsecured short-term loan options do exist for companies in your situation! That’s right, you can get business loans with unsatisfactory credit. These business loans for bad credit are not just for certain types of companies, either. We service many different types in Glendale.
First Choice Business Capital basically funds loans within 24 hours. Yes, just 1 day! Small business loans bad credit – really? Yes, you’re really not dreaming! You don’t need the money next week. You need it now.
First Choice not only has a high approval process, but an immediate 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 helping you get funded as fast as possible.
Short-Term Loans, Unsecured Loans & Business Cash Advances
Alternative lending such as these are often referred to as merchant cash advances, or MCAs. For companies that have been turned down for a business loan by a bank, these particular poor credit business loans offer an amazing opportunity to get funding. You do not even really need collateral in order to qualify for an MCA.
We provide unique business financing in all types of industries. If you have deposited about 8-10 thousand dollars every month for the last three months, and have been functional for at least that amount of time, we can really help you !
Merchant Cash Advances Perks
MCAs have several advantages for all kinds of companies like yours. 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. A lot of loans of this type are approved within as little as one day.We can proudly claim an approval rate of over 90 percent, which implies you have much better chance of being approved than at a bank! You will not have to wait long for your cash once approved. These loans are typically paid out in less than four business days, which is much faster than a bank.The loan approval process is simple and easy as well.
All you need to complete is a simple one-page application form. You should also be prepared to produce the last six months of business bank statements. With this material, we can work on approving you very fast.If you need a bad credit business loan right away, a merchant cash advance could be just the solution you are seeking. A short-term business loan in the form of a merchant cash advance is likely just what you need.These loans, which usually range from four to 18 months, have a fixed cost of capital. An MCA can be paid either by the day or week. Payment options are flexible for these loans, and they can be either daily or weekly. Payment loans are made daily with the exception of Saturday and Sunday. Each month, there are customarily 20 to 22 payments for a merchant cash advance.
We Team Up with Many Businesses
Short-term business loans bad credit can be secured by many types of businesses. A merchant cash advance company like First Choice will not discriminate based on business type. Here is a sampling of the types of companies we team up with: Automotive/Mechanic Maintenance and repair Shops, Auto Body Repair and Painting, Bars and Restaurants, Beauty Shops, Carpentry, Construction, Driveway and Parking Pavement, Gas Service Stations, General Building Contractors, Home Health Solutions, HVAC, Interior Decorators, Masonry and Stone, Pest Control, Rigging and Scaffolding, Tire Shops, Truck, Water Well Drilling, Wrecking and Demolition companies and more. Business loans with bad credit can be had by these companies and many more. First Choice consults with any company that is suffering due to bad credit and meets the minimal criteria set forth earlier.
States We Can Really help!
If your business is in one of the following states, we may be able to help you with a cash advance: 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 Reliable Finance Broker of Bad Credit Business Loans
Companies with below average credit looking to obtain bad credit small business loans should always check the reputation of the agent. Not every company in the business of lending subprime loans will have your best interest in mind, so it is best to perform due diligence. It is unfortunate when a borrower is declined because an agent provided inaccurate data to a lender.
A respectable brokerage house should have extensive knowledge of the industry. It should know effective ways to get businesses financed by the lenders available to them, and it should have an in-depth understanding of the process. You should also know that some brokerage houses could even syndicate deals, which can increase the total approval amounts. Also, a good broker should stop your deal getting submitted to multiple lenders. However, deals that are shopped to a number of lenders can, in fact, hurt the borrower’s credit score, which is why it is imperative that you work with an alternate lending company like First Choice Business Capital for your business loans when your credit rating is short of stellar.
If You Need a Bad Credit Business Loan, Call Us as Soon as Possible
It is not important for you to hold back until your score improves to apply for a loan. Do you truly want to let this opportunity pass you by? You do not need to put up your personal things as collateral, and you do not need good credit. This is a business opportunity that is just way too good to pass up. Call us right now or fill in the short online application to get the process started right now!
First Choice Business Capital
Glendale, CA, United States
Communities we serve:
91205, 91206, 91201, 91202, 91208, 91214, 91204, 91203, 91207, 91020, 91210, 90039, 91011, 91046, 91209, 91221, 91222, 91225, 91226