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!
You Can Get a Business Loan with Bad Credit
Are you trying to find bad credit business loans in Pleasanton? If you want an instantaneous and hassle-free remedy, First Choice Business Capital can serve you today! Here at First Choice, we understand the distress and aggravation that being denied for loans from traditional banks can cause.We understand that having a less than stellar credit score can hamper your chances for a business loan from traditional banks
Here’s How to Get a Business Loan with Low Credit
If you believe that you are alone in this situation, 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 – which means you are not alone! Banks deny loans for many reasons, usually bad credit. There may also be other elements at play, such as a tax lien against the company or a court judgment.
Being denied is discouraging, and many companies surrender their hopes for a loan once the bank denies them. This is a shame, since the core of every business is its capital.When the economic climate tanked in 2008, businesses suffered. Since then, getting a bank loan has become much more tricky. New policies have cut access to capital for many businesses. They apply to small and medium-sized entities. This means that those operations with less than 50 employees are the ones affected.
The great news is that alternate loan providers have stepped in to help solve this dilemma.If you are interested in a financing solution 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. 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, alternate loan companies can offer the assistance needed.
Business Loan Options Bad Credit in Pleasanton
It could be that you are fearful because you have no collateral and negative credit, but even with bad credit and no collateral, businesses can acquire loans. businesses the same as yours! These business loans for bad credit are not just for certain types of companies either, since we service many different types in Pleasanton. First Choice Business Capital cannot only provide you the finance you need, but provide bad credit business loans fast. You will be putting that money to work even faster than you ever thought achievable! Are you still looking for small business loan, but bad credit is a problem? First Choice not only provides a high approval procedure, but a swift one as well. We understand the dire need to obtain the working capital you need. We also know that you need the money now, and pride ourselves in helping you get financed as fast as possible.
Business Cash Advances, Unsecured Loans and Short-Term Loans
You may have heard of these types of alternative borrowing options, which are also considered merchant cash advances or MCAs. These bad credit business loans are amazing for the majority of businesses that just can’t get traditional financing due to their bad credit history. These alternative loan options are even easier to qualify for since no collateral is required. There are financing options for all sorts of companies; so no matter what marketplace you are in, we can help. We do not deliver start-up loans, so you must definitely have a business that has been functioning for a minimum of three months. Apart from that, we would need to see that you deposit a minimum of eight thousand dollars for the past three successive months.
Positive Aspects of Merchant Cash Advances
Applying for a merchant cash advance absolutely has its perks. One of the biggest is that, as discussed already, it provides astonishingly fast loans, compared to that of a traditional bank. An estimate of 90 percent of these loans are approved. Lastly, these loans are generally funded in 48-96 hours after approval. You will not need to wait long for your money, either.
You need to fill out a one-page application and provide the last 6 months of your business bank statements. With this information, an approval can be made very quickly. When a business needs a poor credit loan fast and is stalling because of lack of cash flow, a merchant cash advance is the perfect type of business loan they should search for. These loans have a fixed capital cost and run from 4-18 months. You can make your payments by the day or by the week. Daily payment loans are every business day. With an MCA, there are usually 20-22 payments each month.
Some Businesses We Work with
Short-term business loans bad credit are offered to a myriad of company niches. At First Choice, we have assisted almost every kind of company. There is a large range of businesses that merchant cash advance companies like to work with. Some of the most common niches include: Automotive/Mechanic Repair Shops, Wrecking and Demolition, Car Body Repair and Painting, Water Well Drilling, Nightclubs and Restaurants, Trucking, Beauty Shops, Tire Shops, Carpentry, Rigging and Scaffolding, Construction, Pest Control, Driveway and Parking Pavement, Brickwork and Stone, Gasoline Service Stations, Interior Decorators, General Building Contractors and Home Health Services. There are many more company specific niches that can be serviced with business loans with bad credit. If you meet the criteria we touched on previously, First Capital can work with you.
Are You in One of These States? We Can Help!
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.
Work Only with Trusted Bad Credit Business Lenders!
It is important to just work with reputable suppliers when trying to acquire bad credit small business loans. It may be quite tricky working out which institution to go with, and there are many. You should be careful, as maneuvering through all the different lending institutions can be a little tricky.Sometimes borrowers are accidentally declined based on providing the wrong information to the lenders. Respectable brokers know finance and the underwriting process well. They know what it takes to get business money.
The amount of the credit could also be raised if the brokerage house knows how to syndicate the transaction. That being said, you want to make sure your loan application is not shopped around. When your credit rating is poor, the very last thing you would like is it being lowered even further 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 institution like First Choice Business Capital will protect you from this.
If You Need a Bad Credit Business Loan, Call Us Right now
You do not have to wait until after your credit score is better to get a loan. This is a business opportunity. The easy application can be answered online right now, and agents are waiting for your call. It is a simple, one-page application. Fill it out online or call us today!
First Choice Business Capital
Pleasanton, CA, United States
Communities we serve:
San Francisco , Alameda, Berkeley, Daly City, Fremont, Hayward, Novato, Oakland, Pleasanton, Richmond, San Leandro, San Mateo, San Rafael, San Ramon, South San Francisco, Union City, Walnut Creek, Antioch, Brentwood, Concord, Livermore, Milpitas, Palo Alto, Pittsburg, Vallejo