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 Livermore, CA, If I Have Bad Credit?
First Choice Business Capital can help you obtain the bad credit business loans you want to keep your business in Livermore, CA, making money, despite the fact that you have bad credit. We understand that having a less than stellar credit score can hamper your chances for a business loan from traditional banks.
The Facts about Receiving a Business Loan with Bad Credit
If you believe that you are alone in this dilemma, you may be surprised to know that you are not. Recent studies have even shown that under a third of businesses could be approved for a loan from a traditional banking institution. We pride ourselves in assisting companies to get the funds they need regardless of what their credit history looks like, and we have many options that we can make available.
Businesses with bad credit typically give up after they are declined for a bank loan, but working capital is the foundation on which a company operates.When the economy tanked in 2008, businesses suffered. Since then, getting a bank loan has become much more tough. New regulations implemented after the economic crash has made getting hold of capital nearly impossible and to complicate matters, these regulations apply to “Mom and Pop” type operations that have fewer than 50 employees.Luckily, this issue has opened the doors for a new type of loan options from alternative lenders.
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 finances you need, faster than you ever thought possible. By making use of the alternate loan options available, it is true that a business with bad credit can get financing.
Business Loan Options Bad Credit in Livermore, CA
Most companies are not aware of the choices readily available to them. Even unsecured short-term business loans bad credit are possible. Small, medium and even large organizations can qualify for uncollateralized loans. Even with bad credit, it is quite possible to get approved right away. Less than excellent credit does not equal a denial.We provide business loans with poor credit. First Choice Business Capital often funds loans within 24 hours. Yes, just 1 day! It is also true that you can get bad credit business loans fast. Yup! When a business needs working capital, it needs it now. First Choice acknowledges this need and offers easy approvals.
Short-Term Loans and Business Cash Advances
You may have heard of these types of alternate loaning options, which are also known as merchant cash advances or MCAs. For companies that have been turned down for a business loan by a bank, these poor credit business loans offer an amazing opportunity to get funding. Since collateral is not required for a business cash advance, it is easier than ever to qualify and this makes the approval process even easier! If you have deposited in between 8 and 10 thousand dollars every single month for the last three months, and have been operational for at least that amount of time, we can help you !
Merchant Cash Advances Strengths
MCAs offer plenty of advantages to all sorts of companies like yours. For one, these loans are funded much faster than those from traditional banks. Actually, most of these loans are approved in 24 hours. Most loans are approved in a day. More than 90% of all requests get a loan approval. Plus, loans are funded within 48-96 hours after a loan approval.The process for a loan approval is very easy. A one-page easy application is needed and the last 6 months of your business bank statements. With this information, an approval can be given very quickly.
When a business needs a poor credit loan fast, a merchant cash advance is the perfect type of business loan it should try to find. A merchant cash advance is a short-term business loan that can get you operating again. These loans are generally paid back in fewer than 18 months, some as little as four months.Payment options are flexible for these loans, and they can be paid either daily or weekly. Daily payment loans are made with the exception of Saturday and Sunday. Each month, there are customarily 20 to 22 payments for a merchant cash advance.
With What Sort of Businesses Can We Partner?
Short-term business loans bad credit can be received by many types of businesses. A merchant cash advance company like First Choice will not discriminate based on business type. The following is a smattering of the types of businesses we want to hear from: Automotive/Mechanic Repair service 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 Companies, HVAC, Interior Decorators, Brickwork and Stonework, Pest Control, Rigging and Scaffolding, Tire Shops, Transportation, Water Well Drilling, Wrecking and Demolition companies and more. These markets and more are entitled to for business loans with bad credit. First Choice can help any business that meets the qualifying criteria and has credit woes.
States where We Work
Merchant cash advances are in the market 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.
Only Partner with Professional Bad Credit Business Loan Brokers
There are shady companies in this industry, preying on those looking for bad credit small business loans. Given this, it is vital to ensure that you only deal with reputable brokers. You should be careful, as navigating through all the different lending institutions can be a little tricky.
Borrowers are sometimes declined because the wrong information is provided to lenders by the brokerage firm. It is really important that the brokerage firm has an in-depth understanding of the underwriting process. The firm really should know its 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 last thing you really want is it being lowered even more because of your broker’s activities. When an application is shopped around, it can damage your credit score even more. Choosing a trustworthy alternative lending firm like First Choice Business Capital will protect you from this.
Call Right Now for Your Bad Credit Business Loan
It takes a long time for your credit score to improve. Why delay? 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. Fill out the short online application or call us now!
First Choice Business Capital
Livermore, 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