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 Realistic in Murrieta, CA?
If you are hoping to get a bad credit business loan Murrieta, CA, First Choice Business Capital can help.Traditional banks often refuse funds to businesses that do not have good credit, which causes much frustration to the owners. We understand your pain. Regardless of a bad credit history, we can have many business funding options available, such as cash advances, short-term loans and much more.
The Facts About Receiving 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! Businesses with bad credit get denied for loans more often than not.Bad credit can be the main reason for many denials. Additionally, judgements and liens against a company can prevent them from getting a traditional loan from a bank.
Working capital is the foundation on which a company operates. A business cannot keep its doors open without a cash flow. The economy collapsed in 2008. Ever since then, it has become very hard for companies to secure loans. New regulations enforced after the economic crash has made getting hold of capital near impossible.The companies affected by these are not large corporations, but those with under 50 employees.
This situation is a burden to those needing funding, but it has opened the doors for alternate finance companies to step in to provide much-needed options.High-risk lenders like First Choice Business Capital can absolutely provide quick approvals and no-nonsense funding solutions.By taking advantage of the alternative money options available, it is true that a business with bad credit can get loans.
Business Loan Options Bad Credit in Murrieta, CA
It is a pity that many individuals do not know their options. Small, medium and even large organizations can qualify for uncollateralized loans. Even with bad credit and no collateral, businesses can get small business loans bad credit very quickly. These business loans for bad credit are not just for certain types of companies, either. Business loans with bad credit are given for all sorts of businesses. Yup! When a business needs working capital, they need it now. First Choice understands this need and offers fast approvals.
Business Cash Advances, Unsecured Loans and Short-Term Loans
Merchant cash advances such as this are also termed an MCA. Poor credit business loans are a true lifesaver for those companies that have been turned down by banking organizations because of their credit score. Since collateral is not mandated for a business cash advance, it is easier than ever to qualify. There are funding options for all sorts of companies; so no matter what profession you are in, we can help. We do not deliver start-up loans, so you must definitely have a business that has been running for a minimum of three months. Beyond that, we definitely will need to see that you deposit a minimum of eight thousand dollars for the past three successive months.
Perks of Merchant Cash Advances
Applying for a merchant cash advance certainly has its perks. One of the leading advantages of a loan of this sort is how quickly it is funded; it is extraordinarily fast in comparison to a loan from a bank.The majority of the loans of this type are approved within as little as one day. You will not need to wait long for your money, either; most loans are financed less than four days immediately after approval. The loan approval process is simple and easy as well. All you need to submit is a simple one-page application form. You should also be prepared to produce the last six months of business bank statements. With this important information, we can work on approving you very fast.
If you need bad credit business loans fast, a merchant cash advance could be just the solution you are looking for. When your business is slowing due to a lack of cash flow, this short-term business loan can get you the money you seriously need. These loans have a fixed capital cost and run from 4-18 months. 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 bad credit is offered to a myriad of company niches. At First Choice, we have worked with almost every kind of company. 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. Any of these companies and many more can receive business loans with poor credit. If you meet the criteria we touched on previously, First Capital can work with you.
States We Partner with
If your business is in one of the following states, we may be able to help you with a cash advance: 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 Representative of Bad Credit Business Loans
For companies with substandard credit looking to receive a bad credit small business loans, always check the reputation of the agent. There are several different lending institutions, so you have to navigate carefully. Borrowers have accidentally been declined in the past due to erroneous information being given by intermediaries to their lender of choice. A respectable brokerage house should have extensive knowledge of the industry. They should know effective ways to get businesses financed by the lenders available to them, and they should have a detailed knowledge of the process.
Those lenders that can syndicate the deals may even enhance loan amounts. You do not want your broker submitting your application to a number of lenders. Deals that are sent in tandem like this can make your credit score take a downtrend even further. You do not want this to happen, specifically when a low credit score is why you are shopping for alternative lending in the first place. Deciding on a trusted lending house like First Choice Business Capital will save you this heartache.
Got Bad Credit Business Loan Needs? Call Us!
You do not have to wait until after your credit score is better to get a loan. This is a business opportunity, so don’t 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!
First Choice Business Capital
Murrieta, CA, United States
Communities we serve:
92562, 92563, 92584, 92590, 92595, 92564