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 in Vallejo, CA – Is It Really Actually possible?
Business loans for awful credit truly do exist. At First Choice Business Capital, we can help you get the resources you are in need of in Vallejo, CA. We know it can be frustrating to try to get a traditional loan from a bank when your credit score is subpar.
Getting a Business Loan with Bad Credit, What’s The Honest Truth?
Recent reports show a whopping 70% of businesses don’t qualify for a bank loan.There are a number of factors why numerous businesses with bad credit get declined for a bank loan. Poor credit alone is one of the fundamental reasons that banks deny business loans, but there also could quite possibly be tax liens against the company, and court judgments can affect the outcome, too.
Working capital is at the heart of pretty much every business. Since the financial crash of 2008, it has become incredibly difficult for profitable businesses to get a bank loan. From that time on, gaining access to capital has become a hardship as a result of new regulations. The ones impacted are the small and medium-sized entities, those employing fewer than 50 workers.
While this is a step in the wrong direction, it has opened up a new market for those specializing in alternative funding options. If you are interested in a lending approach that does not take the traditional route, a high-risk lender like First Choice Business Capital can provide the funding you need, faster than you ever thought possible.
Vallejo, CA, Bad Credit Business Loan Options
Most companies are not aware of the options readily available to them. Even unsecured, short-term business loans bad credit are possible. Small, medium and even large organizations can qualify for uncollateralized loans. Even with bad credit, it is likely to get approved right now. In fact, business loans for bad credit are available for all types of businesses and that’s not misinformation. Business loans for bad credit are offered for all sorts of businesses in Vallejo, CA. Need small business loans bad credit – REALLY? Yes, you’re not dreaming! You don’t need the money next week. You need it now. First Choice understands that when business are looking for working capital, they typically need as quickly as possible, which is why we pride ourselves on getting simple approvals with an incredibly high approval percentage for businesses that apply for a business loan.
Short-Term Loans, Unsecured Loans & Business Cash Advances
Merchant cash advances like these are also called MCAs. These bad credit business loans are excellent for the majority of businesses that just can’t get standard financing due to their bad credit history. You do not even need collateral in order to qualify for an MCA. We offer custom lending for businesses in all types of industries. The only requirements we have are for your business to be older than three months and that you repeatedly deposit at least eight thousand dollars every month.
Perks of Merchant Cash Advances
Applying for a merchant cash advance clearly has its perks. Merchant cash advances offer many benefits to all kinds of companies. One of the biggest advantages of these types of loans is that, as discussed prior to this, it provides remarkably fast loans compared to that of a traditional bank. Approximately 90 percent of these loans are approved. Finally, these loans are generally funded in 48-96 hours after approval. The approval rate for these loans is extraordinary.
You do not have to go through a time-consuming loan process, either. You need only fill out a one-page application and provide the last 6 months of your business bank statements. With this information, an approval can be given very quickly. A merchant cash advance is an excellent solution for companies that need cash right away. Merchant cash advances are short-term business loans. They generally run from 4-18 months and these loans have a fixed cost of capital. Payments can be made either daily or weekly, Monday through Friday. Merchant cash advances typically have around 20 and 22 payments each month.
Some Businesses We Consult with
All sorts of companies can get short-term business loans bad credit. First Choice loves to help all kinds of companies. The list below is a handful of the types of businesses we like to hear from: Construction, Electrical Contractors, Painting, Carpentry, Roofing, Plumbing, Heating and Air Conditioning, Brickwork & Stone, Driveway & Parking Pavement, Water Well Drilling, Wrecking & Demolitions, General Building Contractors, Truck, Heavy Construction, Moving Company, Restaurants/Bars, Gasoline Service Stations, Interior Decorators, Rigging and Scaffold, Automotive/Mechanic Repair Shops, Auto Body Repair and Painting, Tire Shops, Beauty Shops, Pest Control and Home Health Professionals. These markets and more are entitled to business loans with bad credit. If you meet the criteria we discussed previously, First Capital can work with you.
Are You in One of These States? We Can Help!
If your business is in one of the following states, we may be able to help you with a cash advance: 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.
Trying to Find a Professional Financial Institution of Bad Credit Business Loans
There are unscrupulous companies in this industry, preying on those looking for bad credit small business loans. Considering this, it is necessary to ensure that you only deal with reputable brokers. 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. Also, there are times when borrowers are turned down because the brokers provide the wrong information to prospective lenders A good brokerage house can get businesses funded by thoroughly understanding the underwriting process of the different lenders available to them.
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 below average, the very last thing you want is it being lowered even further because of your broker’s activities. Choosing a credible 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 hold back on everything? You do not need to put up your personal items as collateral, and you do not need good credit. This is a business opportunity that is just way too good to pass up. You can get this process started right now by filling out the simple form. It is available online, or if you prefer to discuss your options, you can call us today!
First Choice Business Capital
Vallejo, CA, United States
Communities we serve:
94591, 94590, 94589, 94592