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 Hemet, CA If I Have Bad Credit?
If you are trying to get a bad credit business loan Hemet, CA, First Choice Business Capital can help. We have many money options available for companies, regardless of a bad credit history. The approval process is fast as well, 24 hours in many cases!
The Details of Getting a Business Loan With Bad Credit
You are in all likelihood quite anxious and annoyed from being denied, but we can help. Businesses with bad credit get denied for loans more often than not. Bad credit can be the main reason for many denials and some companies may have a court judgment against them, or there may be tax lien issues.
Getting denied is frustrating, and many companies surrender their hopes for a loan once the bank denies them. When a company does not have easy access to cash, they are not going to be able to stay in business for long at all. In 2008, the economic situation crumbled, and ever since even those companies that are making money have had a hard time securing bank loans.There are new requirements in place as well that make the task 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.
At First Choice Capital, we focus in high-risk funding for those businesses that are affected by these regulations. Loan 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 offered for businesses beyond regular banks when credit is an issue.
Business Loan Options Bad Credit in Hemet, CA
Most companies are not alerted to the solutions accessible to them. Even unsecured short term business loans bad credit are achievable. Small, medium and even large organizations can qualify for uncollateralized loans. Even with bad credit, it is likely to get approved right now. Yes, you can get small business loans bad credit. Poor credit business loans are our area of expertise! These business loans for bad credit are not just for certain types of companies, either. Some alternative loan companies offer bad credit business loans fast, like First Choice Business Capital, which is happy to offer loans in just 24 hours in many cases. When a business needs working capital, they need it now. First Choice understands this need and offers simple approvals.
Short-Term Loans, Unsecured Loans & Business Cash Advances
These types of offerings are known as a merchant cash advance (MCA). These business loans with poor credit are sometimes the only factor standing between a company remaining open or closing for good. When conservative options do not work due to lack of great credit, these business loans for poor credit can be a wonderful option for a company in terrible need of funding. These alternative loan solutions are even easier to qualify for since no collateral is required. We provide loans for a variety of industries as well, so it is really probable we would be able to assist you. We do not deliver start-up loans, so you will need to have a business that has been functioning for a minimum of three months. Beyond that, we would like to see that you deposit a minimum of eight thousand dollars for the past three successive months.
Merchant Cash Advantage Perks
Applying for a merchant cash advance really has its perks. A top example of one of these benefits is how quickly a merchant cash advance is financed. Where traditional banks can take a long time, an MCA could be approved and paid in only a fraction of the time. We can proudly claim an approval rate of over 90 percent, which shows you have much better chances of being approved than at a bank! And finally, these loans are generally funded in 48-96 hours after approval.
The procedure to get approved is easy, too. The application form is only one page and have your business’s last six months of bank statements ready, too. We can work to approve your loan application when this data is provided. A merchant cash advance can be simply just what you need if you have been declined by your bank as a result of poor credit. These loans are considered short-term business loans. The loans have a fixed cost of capital. They usually are repaid 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.
We Coordinate with Many Businesses
Short-term business loans 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 deal with: Automotive/Mechanic Maintenance and repair Shops, Auto Body Repair and Painting, Pubs and Restaurants, Beauty Shops, Carpentry, Building and construction, Driveway and Parking Pavement, Diesel fuel Service Stations, General Building Contractors, Home Health Companies, HVAC, Interior Decorators, Brickwork and Stone, Pest Control, Rigging and Scaffolding, Tire Shops, Transportation, Water Well Drilling, Wrecking and Demolition companies and more. There are various other company specialized niches that can be serviced with 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 Do Business In
Merchant cash advances are easily available 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.
Working With a Reliable Finance broker of Bad Credit Business Loans
For companies with below average credit looking to get a bad credit small business loans, always check the reputation of the agent. Perform your due diligence while you wade through the loan possibilities that are readily available. Borrowers are sometimes declined because the wrong information is provided to financial institutions by the brokerage firm. A respectable brokerage house should have extensive knowledge of the industry. They should know ways to get businesses financed by the lenders available to them, and they should have a complete knowledge of the process.
You will also want to ensure the brokerage firm is not introducing your deal to a wide variety of lending institutions. A borrower’s credit score can be adversely influenced when the application is shopped around to multiple lenders. You really want to choose a genuine company like First Choice Business Capital to make certain that this does not happen.
Got Bad Credit Business Loan Needs? Call Us!
Why wait for your score to get better? This is a tremendous opportunity for your business to get the funds you need, now instead of later. Do not let it pass you by. And don’t worry about collateral – you don’t need it to obtain the loan. It is a simple, one-page application. Fill it out online or call us today!