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 concentrates on providing fast and easy bad credit business loans in the Thousand Oaks, CA, community for all kinds of businesses with bad credit. At First Choice, we understand how upsetting and depressing it can be if you have a poor credit score and you’ve been declined by conventional banks for funding. That’s the reason that we have dedicated ourselves to making business-funding alternatives obtainable to all companies, regardless of a bad credit history.
Getting a Business Loan with Subpar Credit – How Does it Work?
You are very likely quite upset and annoyed after being denied, but we can help. Businesses with bad credit get denied for loans more often than not. Poor credit alone is often the prime reason, but a company could also have tax liens or judgments against it. More often than not, businesses normally give up after they are declined for bank loans. Once a bank turns down a loan, the business often gives up the search for capital. Even so, there are other options.
After a denial of a bank loan, gaining access to capital becomes a challenge because of new regulations.To complicate matters, these regulations apply to “Mom and Pop” type operations that have fewer than 50 employees. This situation is a burden to those needing funding, but it has opened the doors for alternate lending institutions to step in and provide much-needed solutions.
Companies like First Choice Business Capital offer options for business cash advances We provide practical loans and offer a quick approval process. So, despite of what you may have heard, it is completely legitimate, and not just a myth, that businesses with bad credit can readily get the funding they need by leveraging the various alternative-lending solutions available to them.
Bad Credit Business Loan Options
It is a pity that many people do not know their options. Uncollateralized loans are accessible to small, medium and large businesses with bad credit. Yes, you can get business loans with poor credit. Business loans for bad credit are our field of concentration! These business loans for bad credit are not just for certain types of companies, either. We serve many different types in Thousand Oaks. First Choice Business Capital cannot only give you the funds you need but can provide bad credit business loans fast. Many times, backing occurs in only 24 hours. You will be putting that money to work quicker than you ever thought possible! Can I get small business loans even though I have bad credit? Yes, you’re really not dreaming! We understand that you don’t need the money next week. You need it now. First Choice not only boasts a high approval procedure, but a quick one. We understand the dire need to obtain working capital. We also realize that you need the money now, and pride ourselves in helping you get financed as quickly as possible.
Short-Term Loans and Business Cash Advances
This type of offering is known as a merchant cash advance (MCA). These poor credit business loans are sometimes the only things standing between a company continuing to be open or closing for good. Poor credit business loans are true lifesavers for those companies that have been turned down by banking institutions because of their credit scores. 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 bad credit. Funding options exist for all sorts of companies; so no matter in what business sector you work, we can help. If you have deposited around 8-10 thousand dollars each and every month for the last three months and have been in service for at least that amount of time, we can assist you !
Merchant Cash Advantage Perks
There are many perquisites to applying for a merchant cash advance, and an MCA offers many benefits to all kinds of companies. 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. A staggering 90 percent of these loans are approved and they are generally funded in 48-96 hours after approval. You do not have to go through an extended loan process, either. The process to get approved is easy, and the application form is only one page. Have your business’s last six months of bank statements ready, too. With this data, we can work on approving you very fast.
If you need a bad credit business loan promptly, a merchant cash advance could be just the solution you seek. Merchant cash advances are short-term business loans. They usually run from 4-18 months and have a fixed cost of capital. Repayments can be made either daily or weekly. Payment loans are made daily are Monday through Friday. Merchant cash advances generally have between 20 and 22 payments each month.
What Kind of Businesses Can We Consult With?
All sorts of companies can get short-term business loans bad credit and First Choice loves to help them. The following sectors are just some of the businesses with whom we work: Automotive/Mechanic Repair Shops, Wrecking and Demolition, Auto Body Repair and Painting, Water Well Drilling, Pubs and Restaurants, Trucking, Beauty Shops, Tire Shops, Carpentry, Rigging and Scaffolding, Construction, Pest Control, Driveway and Parking Pavement, Masonry and Stone, Gasoline Service Stations, Interior Decorators, General Building Contractors and Home Health Providers. These markets and more are eligible for business loans with bad credit. First Choice can help any business that meets the criteria and has credit woes.
Are You in One of These States? We Can Help!
Merchant cash advances are also available 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.
Work Only with Professional Bad Credit Business Lenders!
Companies with substandard credit, looking to acquire a bad credit small business loan,should always check the reputation of the agent. Perform your due diligence while you wade through the loan possibilities that are available.Borrowers are sometimes declined because the wrong information is provided to lenders by a brokerage firm.
A good brokerage house can get businesses funded by thoroughly understanding the underwriting process of the different lenders available to them. You should also know that some brokerage houses could even syndicate deals, which can increase the total approval amounts. Also, a great broker should stop your deal from being submitted to multiple lenders. You want to choose a genuine company like First Choice Business Capital to make certain that this does not happen.
Get in Touch with Us Right 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? You do not need to put up your personal belongings as collateral, and you do not need good credit. This is a business opportunity that is just way too good to pass up. Change the direction of your business by consulting with us right now!