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 If I Have Bad Credit?
Are you trying to find bad credit business loans in South Gate, CA.? If you want a quick and hassle-free solution, First Choice Business Capital can help you today! Here at First Choice, we understand the pain and annoyance 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 below average.
Achieve a Business Loan with Bad Credit -The Facts
You are very likely quite anxious and discouraged 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.Loans are denied all of the time, and this can occur for many reasons. Inadequate credit is often cited in these cases. Companies may also have a judgment or lien.
Once a bank turns down a loan, the business often gives up the search for capital. Even so, there are other options. Without proper availability of cash, most businesses couldn’t keep their doors open for very long. Since the market debacle of 2008, it has become very difficult for profitable businesses to get a bank loan. New regulations put into effect after the economic crash have made getting hold of capital nearly impossible.The companies affected by these are not large corporations, but those with under 50 employees.
Fortunately, alternative loan companies have stepped in to help solve this dilemma. If you are interested in a loan solution that does not take the traditional route, a high-risk lender like First Choice Business Capital can provide the funds you need, faster than you ever thought possible. No matter what you may have heard, it is certain that there are other options readily available for businesses, besides standard banks, when credit is an issue.
South Gate Bad Credit Business Loan Options
It is a pity that many people do not know their options. Unsecured short-term loan options do exist for companies in your situation! Loans are available in the market, even with no collateral and with negative credit. You can get approval for the business loans with poor credit you need, as soon as tomorrow because some alternative lending institutions, like First Choice Business Capital can typically fund you within just 24 hours. 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 understands this. We take pride in helping you solve your financial dilemma as quickly as possible, and we possess 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. When a traditional bank turns down a loan, these can offer the money required to stay running. If you’re a business with bad credit, you don’t need to have collateral. We provide lending for a multitude of industries, as well, so it is highly likely we would be able to assist you. The only requirements we need are for your business to be older than three months and that you routinely deposit at least eight thousand dollars every month.
Merchant Cash Advance Perks
Applying for a merchant cash advance really has its advantages. One of the biggest advantages of a loan of this sort is how quickly it is funded; it is incredibly fast in comparison to a loan from a bank. Approximately 90 percent of these loans are approved. Finally, these loans are generally funded in 48-96 hours after approval, so you will not have to wait long for your money, either.
The process to get approved is easy, too. The application form is only one page. Have your business’s last six months of bank statements ready, also. That is all we need to begin the approval process on your loan. These loans are excellent for those that need a bad credit loan fast. Merchant cash advances are short-term business loans. They normally run from 4-18 months and these loans have a fixed cost of capital. Payments can be made either daily or weekly. Payment loans made daily are Monday through Friday. Merchant cash advances typically have between 20 and 22 payments each month.
We Consult with All Types of Companies
Short-term business loans bad credit are available in the market to a wide range of businesses. Small, medium and large businesses qualify for unsecured short-term loans. Here are just a few with whom we have worked: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 niche markets are just some of the businesses we work with: Building and construction, Electrical contractors, Painting, Carpentry, Roof repair, Plumbing related, HVAC, Brickwork & Stonework, Driveway & Parking Pavement, Water Well Drilling, Wrecking & Demolitions, General Building Contractors, Trucking, Heavy Construction, Moving Company, Restaurants/Bars, Gasoline service stations, Interior Decorators, Rigging and Scaffolding, Automotive/Mechanic Repair Shops, Auto Body repair and Painting, Tire Shops, Beauty Shops, Pest Control and Home Health Services. Business loans with bad credit can be had by these companies and many more. If you meet the criteria we touched on previously, First Capital can work with you.
What States Do We Team up with?
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.
Reliable Bad Credit Business Loans Company
When a business with bad credit is looking for a merchant cash advance loan or bad credit small business loans, it is better to deal with a reputable representative. There are several different lending institutions, so you have to navigate carefully. Borrowers are sometimes declined because the wrong information is provided to lending institutions by the brokerage firm.
A dependable brokerage understands the underwriting process. They have extensive know-how about the lenders at their disposal. 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 adversely influenced when the application is shopped around to multiple lenders. You want to choose a reputable company like First Choice Business Capital to guarantee this does not happen.
If You Need a Bad Credit Business Loan, Call Us without delay
Why wait for your score to get better? There is no stress about collateral. This is a tremendous opportunity for your business to get the funds you need, now, instead of later. Do not let it pass you by. And, again, 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!