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 If I Have Bad Credit in Paramount, CA?
Are you looking for low credit business loans in the Paramount, CA, area? If you want a swift and hassle-free resolution, First Choice Business Capital can help you out today! Here at First Choice, we understand the pain and unnecessary aggravation when you get denied form conventional banks.
Business Loans with Bad Credit – Here Are The Vital Details
A lot of companies today do not qualify for bank loans. In fact, studies reveal that only 30 percent of businesses would get approval! Banks deny loans for many reasons, but most of the time it’s due to bad credit. Denial is humiliated, and many companies give up their hopes for a loan once the bank denies them.
When a company does not have cold, hard cash, it is not going to be able to stay in business for very long. In 2008, the economic situation got bad, and since then, even those companies that are making the almighty dollar have had a hard time securing bank loans. New rules implemented after the economic crash has made securing capital nearly impossible. To make the whole situation even worse, these regulations apply to “Mom and Pop” type operations that have fewer than 50 employees.
Thankfully, different lending institutions, like First Choice Capital, have stepped in to help solve this dilemma. At First Choice Capital, we pride ourselves on focusing on high-risk funding for those businesses that are affected by these regulations. It’s good to know that lending options for businesses with unsatisfactory credit are out there for a variety of companies.
Options Are Available in Paramount for Bad Credit Business Loans
You could be an entrepreneur that’s unaware that different lending options are available. Perhaps you are little worried because you don’t have collateral and horrible credit. You don’t have to be nervous since loans are available even with no collateral and terrible credit. Just because you have less than excellent credit, it does not mean you will get rejected.
First Choice Business Capital is happy to inform its clients that they normally fund loans within 24 hours. Yes, just one day! First Choice understands that when a business is looking for working capital, it ordinarily needs that capital as quickly as possible This is why we pride ourselves on getting easy approvals with an incredibly high percentage approval rate for companies that apply for a business loan.
Business Cash Advances, Unsecured Loans and Short-Term Loans
You might sometimes come across these merchant cash advances as MCAs. When a conventional bank turns down a loan, an MCA can provide the funds you need to keep your company operating. Qualifying for one of these options and the approval process is very simple since no collateral is entailed. If you have deposited about 8-10 thousand dollars every single month for the last three months and have been in business for the same amount of time, we can help you!
Perks of Merchant Cash Advances
The most advantageous gain from these types of loans is that, as specified earlier, it offers amazingly fast funds, compared to a conventional bank loan. Most borrowers can expect to get approval in just one day! You will not need to wait long for your money, either; most loans are provided for within four days after approval.
The procedure to get approval is easy as well. The application form is only one page and you should have your business’s last six months of bank statements ready, too. A merchant cash advance is a short-term business loan and is an ideal solution for companies that need cash immediately. They often carry on from 4-18 months and these loans have a fixed cost of capital. Daily payments are received each business day, and an MCA usually has 20-22 payments each month.
With What Kind of Businesses Can We Team Up?
Short-term business loans for low credit are suitable for a large range of businesses. Small, medium and large businesses are entitled to unsecured short-term loans. Here are just a few that have qualified with us: Automotive/Mechanic Repair Shops, Wrecking and Demolition, Auto 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 Companies. Many more industries can be serviced with business loans with bad credit. If you meet the criteria we pointed out previously, First Capital can work with you.
States We Can Assist!
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.
Only Deal with Reputable Bad Credit Business Loan Brokers
It is important to only talk to reputable suppliers when trying to land business loans for unsatisfactory credit. It sometimes difficult to find out where to go to. That’s because not all them will have your best interest at heart. Some borrowers have actually been declined in the past due to erroneous information being given by intermediaries to their lender of choice
Excellent brokers know financial institutions and the underwriting system to a ‘T’. When they recognize what it requires to get business capital, the amount of the credit could also be raised. Also you want to ensure the brokerage firm is not introducing your deal to a wide variety of lending institutions. Deals that are shopped to numerous lenders can actually hurt the borrower’s credit score, which is why it is vital that you work with an alternative lending company like First Choice Business Capital for your business loans when your credit rating is short of stellar.
Got Bad Credit Business Loan Needs? Call Us!
Still waiting for your credit score to get better? You do not need to put up your personal belongings to secure the loan, and you do not need good credit. This is a business opportunity that is just way too good to let it sail by. You can get this process started right now by filling out the straightforward form. It is available online, or, if you prefer to discuss your options, you can call us today!