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!
Getting a Business Loan in Milpitas, CA, with Bad Credit Is Possible!
First Choice Business Capital can help you secure the bad credit business loans you are in need of to keep your business in Milpitas, CA, profitable, even when you have bad credit. At First Choice, we know how annoying and discouraging it can be if you have a low credit score and you’ve been declined from traditional banks for loans. That’s precisely why we have dedicated ourselves to making business-funding options available to all business organizations regardless of a bad credit history.
The Facts About Acquiring a Business Loan with Bad Credit
Studies have shown that approximately 70 percent of companies will not qualify for traditional bank loans. So if you have been denied, you find yourself in the majority.We pride ourselves in helping companies get the funds they need, regardless of what their credit history looks like, and we have many options that we can offer.
Loans are denied all of the time, and this can occur for many reasons. Unsatisfactory credit is often cited in these cases. A company could also have tax liens or judgments against it.Businesses with bad credit almost always give up after they are declined for a bank loan because being turned down by a bank is often disheartening.The economy crashed in 2008 and from that time on, gaining access to capital has become a challenge because of new banking regulations. To complicate matters, these rules apply to “Mom and Pop” type operations that have fewer than 50 employees.
This situation is a burden to those needing funding, but it has opened the doors for alternative loan providers to step in to provide much-needed options. There are choices for business cash advances from financial institutions like First Choice Business Capital. We provide no-nonsense financing and offer a quick approval process. No matter what you may have heard, it is certain that there are other options out there for businesses, apart from standard banks, when credit is an issue.
Milpitas, CA, Bad Credit Business Loan Options
It’s possible that you are one of the businesses unaware that short-term loan services are easily available. But the good news is, they seriously are — and the best part is, they are unsecured! There are still loans on call for your needs. That is absolutely correct. You can get approved for the business loans with poor credit, as quickly as tomorrow. Business loans for bad credit are offered for all sorts of businesses in Milpitas, CA.
Small business loans bad credit? No worry at all! First Choice knows that businesses in need require money now, so we pride ourselves on a high approval percentage that occurs quite quickly.
Short-Term Loans, Unsecured Loans & Business Cash Advances
Alternative lending such as this is often referred to as a merchant cash advance, or MCA. These bad credit business loans are great for the majority of businesses that just can’t get conventional financing due to their bad credit history.If you’re a business with poor credit, you don’t need to have collateral. This makes the approval procedure even easier! The only qualifications are that the business has been operating for at least 3 months and you’re depositing about 8 and 10 thousand dollars continually over the last 3 months.
Merchant Cash Advantage Perks
MCAs offer many advantages to all kinds of companies like yours. One of the primary advantages of a loan of this sort is how quickly it is funded. It is incredibly fast in comparison to a loan from a bank. Most loans of this type are approved within as little as one day.The loan approval process is speedy and easy as well. All you need to fill out is a simple one-page application form and you should also be prepared to produce the last six months of business bank statements.
A merchant cash advance is an excellent solution for companies that need cash in a flash. A short-term business loan in the form of a merchant cash advance is quite likely just what you need.These loans, which usually run 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 paid either daily or weekly. Daily loan payments are not made on Saturday and Sunday. Each month, there are customarily 20 to 22 payments for a merchant cash advance.
We Coordinate with Many Businesses
All sorts 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: Automotive/Mechanic Repair Shops, Wrecking and Demolition, Car Body Repair and Painting, Water Well Drilling, Taverns and Restaurants, Trucking, Beauty Shops, Tire Shops, Carpentry, Rigging and Scaffolding, Construction, Pest Control, Driveway and Parking Pavement, Masonry and Stone, Gasoline Service Stations, Interior Decorators, General Building Contractors and Home Health Services. These markets and more are qualified for business loans with bad credit. If you meet the criteria we touched on previously, First Capital can work with you.
States in Which We Do Business
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.
Trustworthy Bad Credit Business Loans Company
When a business with bad credit is looking for a merchant cash advance loan or bad credit small business loan, it is recommended to work with a trusted professional. There are lots of different lending institutions, so you have to navigate carefully.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. It should know how to get businesses financed by the lenders available to them, and it should have a detailed understanding of the process.
Brokers may also be able to syndicate deals, meaning more funding for your company. That being said, you want to make certain your loan application is not shopped around. When your credit rating is substandard, the last thing you really want is it being lowered even further because of your broker’s activities. Deals that are shopped to numerous lenders can essentially hurt the borrower’s credit score, which is why it is crucial that you work with an alternative lending company like First Choice Business Capital for your business loans when you’re credit rating is short of stellar.
Got Bad Credit Business Loan Needs? Call Us!
There is no need to hesitate for your credit score to strengthen to apply for a business loan. Keep your personal belongings — you don’t have to worry about not having enough collateral. Change the direction of your business by calling us right now!
First Choice Business Capital
Milpitas, 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