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 In San Leandro, CA, If I Have Bad Credit?
Are you searching for bad credit business loans in San Leandro, CA? If you want an instantaneous and hassle-free answer, First Choice Business Capital can help you today! Here at First Choice, we understand the irritation and stress that being denied for loans from traditional banks can cause. We know it can be so frustrating trying to get a traditional loan from a bank when your credit score is substandard.
Getting a Business Loan with Bad Credit
You are likely quite burdened and disheartened from being denied, but we can help.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.You may be amazed to learn that only 30 percent of businesses qualify for a bank loan, which means you are not alone!
Banks deny loans to companies for a wide variety of reasons. It is true that one of the main reasons that denials occur is basically when a business has insufficient credit. Being denied is frustrating, and many companies give up their hopes for a loan once the bank denies them because the core of every business is its working capital.
When the country’s economy tanked in 2008, businesses suffered. Since then, getting a bank loan has become much more tough.There are new guidelines in place that make the process even more challenging than it was before the collapse. The companies affected by these are not large corporations, but those with under 50 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 are able to provide quick approvals and no-nonsense funding solutions. By making use of the alternative loan options available, it is true that a business with bad credit can get a loan.
Bad Credit Business Loan Options in San Leandro, CA
It is a pity that many individuals do not know their options. But the good news is, they actually exist — and the best part is, they are unsecured! That’s right, you can get business loans with inadequate credit. Less than perfect credit does not equal a denial.We deliver those business loans with poor credit. First Choice Business Capital can not only deliver you the funding you need, but provide bad credit business loans fast. Many times, backing occurs in only 24 hours. You will be putting that money to work a lot quicker than you ever thought possible! Are you desperate for small business loans bad credit? No problem!First Choice not only has a high approval process, 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 funded as promptly as possible.
Business Cash Advances, Short-Term Loans and Unsecured Loans
This type of alternate lending is often known as a merchant cash advance or MCA. Low credit business loans are a true lifesaver for those companies that have been turned down by banking institutions because of their credit score. No collateral is needed to qualify for a business cash advance, which makes it indeed easier to qualify for a loan, if you’re a business with poor credit.We deliver unique business financing in all types of industries. We only require that your business has been operable for three months minimum and that you deposit between 8 and 10 thousand dollars monthly.
What Are the Full Advantages of Merchant Cash Advances?
Merchant cash advances offer many positive aspects to all kinds of companies. A prime example of one of these benefits is how quickly a merchant cash advance is funded. Where traditional banks can take a long time, an MCA can possibly be approved and paid in only a fraction of the time. To be precise, most loans are approved in a day.
Above 90% of all applications get a loan approval. Plus, loans are funded within 48-96 hours after a loan approval. The process for a loan approval is very uncomplicated. A one-page basic application is needed and you will also need to provide bank statements from the last six months. That is all we need to begin the approval process on your loan.
These loans are suitable for those that need a bad credit loan fast. A merchant cash advance is a short-term business loan that can get you working again. These loans are generally paid back in fewer than 18 months, some as little as four 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.
Some Businesses We Partner with
All sorts of companies can get short-term business loans bad credit. First Choice loves to help all kinds of companies. The following particular niches are just some of the businesses we work with: Automotive/Mechanic Repair Shops, Auto Body Repair and Painting, Cafes and Restaurants, Beauty Shops, Carpentry, Construction, Driveway and Parking Pavement, Gas Service Stations, General Building Contractors, Home Health Providers, HVAC, Interior Decorators, Brickwork and Stonework, Pest Control, Rigging and Scaffolding, Tire Shops, Trucking, Water Well Drilling, Wrecking and Demolition companies and more.
Business loans with bad credit can be had by these companies and many more. We can work with any business that has bad credit and meets our minimum criteria.
States in which We Do Business
Merchant cash advances are also provided 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.
Dependable Bad Credit Business Loans Companies
This industry has dishonest companies, preying on those looking for bad credit small business loans. Given this, it is essential to ensure that you only deal with reputable brokers. Not all of them will have your best interest at heart. Also, borrowers are sometimes turned down because the brokers provide the wrong information to prospective lenders. It is essential that the brokerage firm has an in-depth understanding of the underwriting process. It must know its lenders well and have the ability to guide the borrower through the process.
You should also know that some broker houses could even syndicate offers, which can increase the total approval amounts. At the same time, a good broker should stop your deal being submitted to multiple lenders. Choosing a trusted alternative lending company goes a long way in making sure this does not occur. First Choice Business Capital knows this, and would not do anything to mess up our client’s credit further.
If You Are in Need of a Bad Credit Business Loan, Do Not Delay — Contact Us Today
It takes a long time for your credit score to improve. Why lie in wait? Do not let this chance 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!