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 Actually Possible?
First Choice Business Capital can help you secure the bad credit business loans you need to keep your business in Glendale, CA, profitable, whether or not you have bad credit. If you want an instantaneous and hassle-free approach, First Choice Business Capital can lend a hand you today! Here at First Choice, we understand the distress and disappointment that being denied for loans from traditional banks can cause.
Getting a Business Loan With Bad Credit – The True Facts!
The majority of companies today do not qualify for bank loans. In fact, studies have shown that only 30 percent of businesses would be approved! We pride ourselves in helping companies get the funds they need, regardless of what your credit history looks like, and we have many options that we can offer. Banks deny loans to companies with bad credit for a wide variety of reasons. It is true that one of the main reasons that denials occur is simply when a business has bad credit.
Once a bank turns down a loan, the business often gives up the search for funding. Nonetheless, there are other options.Without proper access to cash, most businesses couldn’t keep their doors open for very long. Cash is the basis on which to keep operating. And new regulations implemented after the economic crash of 2008 have made securing capital near impossible.The companies affected by these rules are not large corporations, but those companies with under 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 services.
There are options for business cash advances from organizations like First Choice Business Capital. We provide practical funding and offer a quick approval process.We even offer 24-hour approvals! It really is true that businesses with subprime credit can get the money they may need. When traditional routes fail, alternative finance companies can offer the assistance needed.
Bad Credit Business Loan Options
What many businesses don’t realize is that unsecured short-term loans are readily made available to them! But the good news is, they absolutely are! And the best part is, you need no collateral. Loans are out there, even with no collateral and negative credit. You can be approved for what you need because we provide the business loans with poor credit, as soon as tomorrow. Many different types of companies can get business loans for bad credit with the options we offer. Small business loans bad credit – really? Yes, you’re really not dreaming! You don’t need the money next week. You need it now.First Choice knows that businesses in need require money now, so we pride ourselves on a high rate of approval that occurs quite quickly.
Business Cash Advances, Unsecured Loans and Short-Term Loans
You may have heard of these types of alternative lending options, which are also known as merchant cash advances or MCAs. These bad credit business loans are exceptional for the majority of businesses that just can’t get traditional financing due to their bad credit history. No collateral is needed to qualify for a business cash advance, which makes it maybe even easier to qualify for a loan if you’re a business with bad credit. We deliver unique business financing in all types of industries. We do not offer start-up loans, so you must absolutely have a business that has been functioning for a minimum of three months. Other than that, we will need to see that you deposited a minimum of eight thousand dollars each of the past three consecutive months.
Merchant Cash Advances Strengths
Applying for a merchant cash advance undoubtedly has its perquisites for the business that needs capital. A big advantage of this type of loan is that it can be funded in a fraction of the time of a traditional banking loan. Most loans are approved in a day. Above 90% of all requests get a loan approval. You will not need to wait long for your money, either; most loans are financed less than four days 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.A merchant cash advance is a perfect solution for companies that need cash quickly. Merchant cash advances are short-term business loans. They frequently run from 4-18 months and these loans have a fixed cost of capital. Payment options are flexible for these loans, and they can be paid either daily or weekly. Payment loans are made daily with the exception of Saturday and Sunday. Each month, there are customarily 20 to 22 payments for a merchant cash advance.
Some Businesses We Collaborate with
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. There is a variety of businesses that merchant cash advance companies like to work with. Some of the most common niches include: Home Health Services, Heating and Cooling, 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, Bars 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 get business loans with bad credit. First Choice collaborates with any company that is suffering due to bad credit and meets the minimum criteria set forth earlier.
Are You in One of These States? We Can Help!
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.
Trusted Bad Credit Business Loans Company
If you are a company with below average 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 unintentionally been declined in the past due to erroneous information being given by intermediaries to their lender of choice. A good brokerage house can get businesses funded by thoroughly understanding the underwriting process of the different lenders available to them. You will also want to ensure the brokerage firm is not showing your deal to a wide variety of lending institutions. A borrower’s credit score can be negatively impacted when the application is shopped around to multiple lenders. You really want to choose a genuine company like First Choice Business Capital to be certain that this does not happen.
Contact Us Right now for Your Bad Credit Business Loan
It takes a long time for your credit score to improve. Why hold back? 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. It is a simple, one-page application. Fill it out online or call us today!
First Choice Business Capital
Pasadena, CA, United States
Communities we serve:
91104, 91103, 91106, 91107, 91101, 91105, 91001, 91108, 90042, 91011, 91110, 91121, 91123, 91124, 91125, 91126, 91129, 91131, 91182, 91184, 91185, 91188, 91189, 91191, 91191, 91102, 91109, 91114, 91115, 91116, 91117