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.
First Choice Business Capital specializes in providing fast and problem-free bad credit business loans in San Bernardino, CA for all kinds of businesses with bad credit.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 have many business funding options available, such as cash advances, short-term loans and much more.
Business Loans with Bad Credit – What’s The Reality?
Recent research studies show, a huge 70% of businesses doesn’t qualify for a bank loan.Businesses with bad credit are denied loans more often than not, and this can occur for many reasons. Unsatisfactory credit is often cited in these cases. Although a company may also have a court judgment against it or it may have tax lien issues
We all know that without working capital, a business will fail. Keeping the doors to a business open needs money. It is the foundation on which to keep operating.New guidelines are in place, as well, that make the task even more challenging than it was before the economic collapse in 2008.This applies to small and medium-sized companies with 50 or fewer employees.
While this is a step in the wrong direction, it has opened up a new market for those specializing in alternative funding options. High-risk lenders like First Choice Business Capital can absolutely provide quick approvals and no-nonsense funding solutions.
San Bernardino Bad Credit Business Loan Options
It’s possible that you are one of the businesses unaware that unsecured, short-term loan options do exist for companies in your predicament! Yes, you can get business loans with bad credit. Business loans for bad credit are our area of expertise! These business loans for bad credit are not just for certain types of companies, either. We service many types in San Bernardino. What’s even better is that you can get bad credit business loans fast. Some alternative loan providers, such as First Choice Business Capital, can typically fund you within just 24 hours.Looking for small business loans bad credit? First Choice not only has a high approval process, but an immediate one, as well. We understand the dire need to obtain working capital. We also know that you need the money now, and pride ourselves in helping you get funded as fast as possible.
Short-Term Loans and Business Cash Advances
Merchant cash advances such as this are also called MCAs. Poor credit business loans are a true lifesaver for those companies that have been turned down by banking establishments because of their credit scores. Since collateral is not required for a business cash advance, it is easy to qualify. This makes the approval procedure even easier! The only criteria needed are that the business has been operating for at least 3 months and you’re depositing about 8 to10 thousand dollars systematically over the last 3 months
Positive Aspects of Merchant Cash Advances
MCAs offer many benefits and advantages to all kinds of companies like yours. Applying for a merchant cash advance undoubtedly has its perquisites. 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. Many times, a business can have its approval in only one business day. The approval rate of these loans is gigantic compared to typical bank loans as well. Believe it or not, over 90 percent of them are approved!
You will not have to wait long for your money, either. Most loans are financed in less than four days after approval. The loan approval process is simple. All you need to submit is a one-page application form and be prepared to produce the last six months of business bank statements. We can work to approve your loan application when this information is provided.
A merchant cash advance can be just what you need, if you have been declined by your bank as a result of bad credit. These loans are considered short-term business loans. The loans have a fixed cost of capital. They usually are paid back within four months to a year and a half. The payments are made daily or weekly. Daily payment loans are made Monday through Friday. MCA loans have between 20-22 daily payments a month.
We Partner with Many Businesses
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. The following markets are just some of the businesses with which we work: Automotive/Mechanic Repair Shops, Auto Body Repair and Painting, Cafes and Restaurants, Beauty Shops, Carpentry, Building and construction, Driveway and Parking Pavement, Gasoline Service Stations, General Building Contractors, Home Health Services, HVAC, Interior Decorators, Masonry and Stonework, Pest Control, Rigging and Scaffolding, Tire Shops, Transportation, Water Well Drilling, Wrecking and Demolition companies and more. These are just a some business sectors that are suitable for business loans with bad credit. First Choice collaborates with any company that is suffering due to bad credit and meets the minimal criteria set forth earlier.
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: 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.
Finding a Professional Lending Institution of Bad Credit Business Loans
It is critical to work only with reputable dealers when trying to get a bad credit small business loan. It could be quite challenging to work out which institution to use and there are many.. You should be careful, as maneuvering through all the different lending institutions can be a little tricky.
There are also times when borrowers are turned down because the brokers provide the wrong information to would-be lenders A respectable brokerage house should have extensive knowledge of the industry. It should know ways to get businesses funded by the lenders available to them, and it should have a thorough knowledge of the process.
When brokerage houses can syndicate, they may manage to secure more money for the loan. What you do not want is for the broker to shop your deal around. It should not be submitted to many lenders. You really want to choose a reputable company like First Choice Business Capital to make sure this does not happen
Get in Touch with Us Right Now for Your Bad Credit Business Loan
It is not necessary for you to wait until your score improves to apply for a loan. Do you actually want to let this opportunity pass you by? Do not. 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
San Bernardino, CA, United States
Communities we serve:
92404, 92407, 92410, 92405, 92411, 92408, 92346, 92376, 92401, 92354, 92324, 92403, 92414, 92415, 92418, 92424, 92402, 92406, 92412, 92413, 92423, 92427