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 Hayward, CA – Is It Really Possible?
Are you seeking out bad credit business loans in Hayward? If you want a swift and hassle-free remedy, First Choice Business Capital can help you today!Here at First Choice, we understand the distress and unnecessary aggravation 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.
The Facts about Acquiring a Business Loan with Bad 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! We pride ourselves in really helping companies get the funds they need, regardless of what their credit history looks like, and we have many solutions that we can provide.
Banks deny loans to companies with bad credit for a wide variety of reasons. It is true that one of the main reasons that denials occur is basically when a business has bad credit. Once a bank turns down a loan, the business often gives up the search for funds. Still, there are other options.We all know that without capital, a business will break. Keeping the doors to a business open takes cash. It is the basis on which to keep operating. New requirements have cut access to capital for many businesses and the companies affected by these are not large corporations, but those with under 50 employees.
Nonetheless, alternative loan providers have stepped in to help solve this dilemma.At First Choice Capital, we focus in high-risk funding for those businesses that are affected by these regulations. Finance options for businesses with bad credit are not just a pipe dream. By using the alternative financing options available, it is true that a business with bad credit can get loans.
Bad Credit Business Loan Options
It is a pity that many people do not know their options. But the good news is, they actually exist — and the best part is, they are unsecured! There are still loans provided for your needs. That is certainly correct. Bad credit aside, you can get hold of business loans with poor credit.Furthermore, you can get bad credit business loans fast and that’s no fiction. First Choice Business Capital commonly funds loans within 24 hours. Yes, just 1 day!First Choice understands that when businesses are looking for working capital, they typically need it as quickly as possible, which is why we pride ourselves on getting prompt approvals with an exceptionally high percentage approval rating for businesses that apply for a business loan.
Short-Term Loans and Business Cash Advances
This kind of alternative lending is often known as a merchant cash advance, or MCA. Poor credit business loans are a true lifesaver for those companies that have been turned down by banking organizations because of their credit scores. If you’re a business with horrible credit, you don’t need to have collateral. This makes the approval procedure even easier! If you have deposited between 8 and 10 thousand dollars each and every month for the last three months, and have been in service for at least that amount of time, we can assist you!
What Are the Merits of Merchant Cash Advances?
MCAs offer many advantages to all kinds of companies like yours. One of the biggest perquisites of these types of loans is that, as mentioned prior to this, it offers astonishingly fast loans, compared to those of a traditional bank. Around 90 percent of these loans are approved. And finally, these loans are generally funded in 48-96 hours after approval.
The loan experience is uncomplicated, too. All that is entailed is to fill out one simple page and provide the last 6 months of your business bank statements. 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. 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. The payments are made daily or weekly. Daily payments on loans are made Monday through Friday. MCA loans have between 20-22 daily payments a month.
We Consult with All Types of Companies
A wide variety of companies can get short-term business loans bad credit. First Choice loves to help all kinds of companies. Here are just a few we have worked 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, Cafes and Restaurants, Beauty Shops, Carpentry, Construction, Driveway and Parking Pavement, Gasoline Service Stations and General Building Contractors. These industries and more are entitled to business loans with bad credit. As you discovered before, the application process is easy and the criteria minimal. If you have credit problems affecting your ability to obtain a loan, First Capital can help.
States We Can Assist!
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.
Working with a Highly Regarded Broker of Bad Credit Business Loans
Companies with poor credit, looking to receive a bad credit small business loan, should always check the reputation of the agent. Not all them will have your best interest at heart. Borrowers have inadvertently been declined, in the past, due to erroneous information being given by intermediaries to their lender of choice. A good brokerage house can get businesses funded by thoroughly understanding the underwriting process of the different lenders available to them.
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 subpar, the very last thing you would like is it being lowered even further because of your broker’s actions. Deals that are sent in tandem like this can make your credit score take a nosedive even further. You do not want this to happen, especially when a low credit score is why you are shopping for alternative lending in the first place. Deciding on a highly regarded lending house like First Choice Business Capital will save you this heartache.
Call Us Right Now for Your Bad Credit Business Loan Needs
It is not necessary for you to hold everything until your score improves to apply for a loan. Do you honestly want to let this opportunity pass you by? Keep your personal belongings — You don’t have to worry about not having enough collateral. Call us right now or fill out the short online application to get the process started right now!
First Choice Business Capital
Hayward, 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
94544, 94545, 94541, 94542,94540, 94543, 94557