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!
Getting a Business Loan with Bad Credit in Walnut Creek, CA, Is Possible!
First Choice Business Capital concentrates on providing fast and problem-free bad credit business loans Walnut Creek, CA for all kinds of businesses with bad credit.We know it can be so frustrating to try to get a traditional loan from a bank when your credit score is substandard.
The Facts about Acquiring a Business Loan with Bad Credit
Studies have shown that approximately 70 percent of companies will not qualify for traditional bank loans. So if you have been denied, you are in the majority.Banks deny loans for many reasons. Reasons for declined loans could be as basic as a company applying for a business loan with poor credit, but it could also have tax liens or judgments against it. Businesses with bad credit usually give up after they are declined for a bank loan.
Without proper accessibility to cash most businesses couldn’t keep their doors open for very long. Since the market crash of 2008, it has become significantly difficult for profitable businesses to get a bank loan. Regulations instituted after that time have cut access to capital for a considerable number of establishments. The fact is, it is not the large corporations suffering the brunt of these new laws. The ones affected are the small and medium-sized entities, those employing fewer than 50 workers.
This is quite the dilemma, yet it has opened the market up for alternative lending options. There are choices for business cash advances from institutions like First Choice Business Capital. We provide no-nonsense finances and offer a quick approval process.We even offer 24-hour approvals! It really is true that businesses with subprime credit can get the funds they need. When traditional routes fail, alternate lending institutions can provide the assistance.
Bad Credit Business Loan Options
It is a shame that many people do not know their options. Uncollateralized loans are accessible to small, medium and large size businesses with bad credit; loans are still readily available for your needs. That is without a doubt correct. You can get approved for the business loans with poor credit you need, as quickly as tomorrow. Many different types of companies can get business loans for bad credit with the options we offer. Some alternative lenders offer bad credit business loans fast, like First Choice Business Capital, which is proud to offer loans in just 24 hours in many cases. Still looking for small business loans, although you have bad credit? First Choice understands this. We take pride in helping you solve your financial dilemma as quickly as possible, and we boast a high approval rate as well.
Business Cash Advances, Unsecured Loans and Short-Term Loans
Alternate loans, such as these, are often referred to as merchant cash advances, or MCAs. A poor credit business loan is a true lifesaver for those companies that have been turned down by banking establishments because of their credit score. You do not even need collateral in order to qualify for an MCA. We give unique business financing in all types of industries. We do not deliver start-up loans, so you must have a business that has been functioning for a minimum of three months. In addition to that, we will definitely need to see that you have deposited a minimum of eight thousand dollars each of the past three successive months.
What Are the Advantages of Merchant Cash Advances?
MCAs offer a lot of perks to all kinds of companies like yours. Applying for a merchant cash advance absolutely has its advantages. A top example of one of these perks 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. You can be approved for this type of loan in only one day.We can proudly claim an approval rate of over 90 percent, which says you have much better chances of being approved than at a bank! You will not have to wait long for your cash once approved either These loans are often paid out in less than four business days, which is much faster than a bank.
You have to fill out a one-page application and you will also need to provide bank statements from the last six months. With this information and facts, 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. A short-term business loan in the form of a merchant cash advance is more than likely just what you need. These loans, which usually range from four to 18 months, have a fixed cost of capital. An MCA can be paid both by the day or week and 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 Deal with
All sorts of companies can get short-term business loans bad credit. First Choice loves to help all kinds. The following specialized niches are just some of the businesses we work with: Automotive/Mechanic Repair work Shops, Auto Body Repair and Painting, Pubs and Restaurants, Beauty Shops, Carpentry, Development, Driveway and Parking Pavement, Fuel Service Stations, General Building Contractors, Home Health Solutions, HVAC, Interior Decorators, Brickwork and Stonework, Pest Control, Rigging and Scaffolding, Tire Shops, Transportation, Water Well Drilling, Wrecking and Demolition companies and more. These niches and more are qualified for business loans with bad credit. As you discovered before, the application process is easy and the criteria minimal. If you have credit issues affecting your ability to obtain a loan, First Capital can help.
States Where We Do Business
Merchant cash advances are readily available to business entities 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
Choosing a Professional Lending Institution of Bad Credit Business Loans
There are dishonest companies in this industry, preying on those looking for bad credit small business loans. Due to this, it is essential 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.Borrowers are sometimes declined because the wrong information is provided to financial institutions by the brokerage firm.
A legitimate brokerage understands the underwriting process, and they have extensive knowledge about the lenders at their disposal. When brokerage houses can syndicate, they may have the opportunity to secure even more money on the loan. What you do not want is for the broker to shop your deal around. It should not be submitted to many lenders. Deals that are shopped to many different lenders can actually hurt the borrower’s credit score, which is why it is critical that you work with an alternative lending company like First Choice Business Capital for your business loans when you’re credit rating is less than stellar.
Contact Us Now for Your Bad Credit Business Loan
You do not have to wait until your credit score is better to get a loan. This is a business opportunity. Do not let it pass you by. And don’t worry about collateral — you don’t need it to obtain the loan. Call us now or submit the short online application to get the process started right now!
First Choice Business Capital
Walnut Creek, 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
94598, 94596, 94597, 94595