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 Possible?
Are you looking for bad credit business loans in San Mateo? If you want a swift and hassle-free approach, First Choice Business Capital can serve you today! Here at First Choice, we understand the distress and disappointment that being denied for loans from traditional banks can cause. We have many money options available for companies, regardless of a bad credit history. The approval process is fast as well, 24 hours in most cases!
Do You Know About Business Loans For Subpar Credit?
We pride ourselves in helping companies get the funds they need, regardless of what their credit history looks like, and we have many options that we can offer. Reasons for declined loans could be as simple as a company applying for a business loan with poor credit. Banks deny loans to companies with bad credit for a wide range of reasons. Being turned down by a bank is often disheartening, and many businesses simply give up after hearing “no.”
A business must have working capital in order to stay afloat, since it cannot naturally keep its doors open without a cash flow. The economy collapsed in 2008, and ever since then, it has become extremely difficult for companies to secure loans. New policies have cut access to capital for many businesses. This applies for small and medium size companies with 50 or less employees.
However, alternative lenders have stepped in to help solve this dilemma. Business cash advances and high-risk financial institutions such as First Choice Business Capital are immediately accessible to provide you with a quick no-nonsense financing approach and getting you quick approvals for your business loan.
Bad Credit Business Loan Options in San Mateo
What most businesses don’t realize is that unsecured short-term loans are readily available to them! Uncollateralized loans are accessible to small, medium and large businesses with bad credit. Business loans for bad credit are available for all types of businesses and that’s not misinformation, it’s honest truth. First Choice Business Capital can not only provide you the funding you need, but provide bad credit business loans fast. Many times, funding occurs in only 24 hours. You will be putting that money to work quicker than you ever thought entirely possible! Are there truly small business loans for bad credit? Yes, you’re really not dreaming! You don’t need the money next week. You need it now. First Choice understands this. We take pride in helping you solve your financial emergency as quickly as possible, and we boast a high approval rate as well.
Short-Term Loans, Unsecured Loans & Business Cash Advances
Alternative lending such as this is often referred to as a merchant cash advance, or MCA. For companies that have been turned down for a business loan by a bank, these particular poor credit business loans offer an amazing opportunity to get funding. No collateral is needed to qualify for a business cash advance, which makes it even easier to qualify for a loan if you’re a business with poor credit. There are funding options for all sorts of companies; so no matter what niche you are in, we can help. The only criteria needed is that the business has been operating for at least 3 months and you’re depositing at minimum 8 to 10 thousand dollars systematically over the last 3 months.
Merits of Merchant Cash Advances
Applying for a merchant cash advance clearly has its perks. A top example is how quickly a merchant cash advance is funded. Where traditional banks can take a long time, an MCA could be approved and paid in only a fraction of the time. You can be approved for this type of loan in only one day. The loan procedure is pain-free, too. All you have to submit is one simple page of application and 6 months of bank statements. We can work to approve your loan application when this relevant information is provided.
A merchant cash advance can be just what you need if you have been declined by your bank because of terrible credit. A merchant cash advance is a short-term business loan that can get you going again. These loans are generally paid back in fewer than 18 months, some as little as four months. Payouts can be made either daily or weekly. Payment loans made daily are Monday through Friday. Merchant cash advances ordinarily have between 20 and 22 payments each month.
We Team Up with Many Businesses
Short-term business loans bad credit can be acquired by many types of businesses. A merchant cash advance company like First Choice will not discriminate based on business type. The list below is a few of the types of businesses we want to hear from: Automotive/Mechanic Repair Shops, Auto Body Repair and Painting, Night clubs and Restaurants, Beauty Shops, Carpentry, Building, Driveway and Parking Pavement, Gas Service Stations, General Building Contractors, Home Health Services, HVAC, Interior Decorators, Brickwork and Stone, Pest Control, Rigging and Scaffolding, Tire Shops, Transportation, Water Well Drilling, Wrecking and Demolition companies and more. Business loans with bad credit can be had by these companies and many more. As you saw before, the application process is easy and the criteria minimal. If you have credit problems affecting your ability to obtain a loan, First Capital can help.
Are You in One of These States? We Can Help!
Merchant cash advances are easily available to business entities in the following states: 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.
Dependable Bad Credit Business Loans Company
For companies with substandard credit looking to receive a bad credit small business loan, always check the reputation of the agent. Not every company in the business of lending subprime loans will have your best interest in mind, so it is best to perform due diligence. It is unfortunate when a borrower is declined because of a broker providing erroneous information to a lender. A respectable brokerage house should have extensive knowledge of the industry. It should know ways to get businesses financed by the lenders available to them, and it should have a comprehensive understanding of the process.
Brokers may also be able to syndicate deals, meaning more funding for your company. That being said, you want to see to it your loan application is not shopped around. When your credit rating is substandard, the last thing you would like is it being lowered even further because of your broker’s actions. Deals that are sent in tandem like this can make your credit score take a plunge even further. You do not want this to happen, primarily when a low credit score is why you are shopping for alternative lending in the first place. Picking a dependable lending house like First Choice Business Capital will save you this heartache.
Contact Us Now for Your Bad Credit Business Loan
It is not important for you to hold back until your score improves to apply for a loan. Do you honestly want to let this opportunity pass you by? Keep your personal belongings. You don’t have to worry about not having enough collateral. Fill out the short online application or call us today!
First Choice Business Capital
San Mateo, 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
94403, 94401, 94402, 94404, 94497