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 Greeley, CO – Is it Really Possible?
Bad credit business loans are not a fallacy. At First Choice Business Capital, we can help you get the funding you really need in Greeley, CO. Traditional banks often refuse funds to businesses that do not have good credit, which causes much frustration to the owners. We understand your pain. Regardless of a bad credit history, we have many business funding options available, such as cash advances, short-term loans and much more.
The Truth About Business Loans 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’ll find yourself in the majority.We pride ourselves in helping companies get the poor credit business loans 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. Imperfect credit is often cited in these cases.
Once a bank turns down a loan, the business often gives up the search for financing. Even so, there are other options.Working capital is the foundation on which a company operates, since it is the bedrock on which to keep operating.Regulations instituted after that time have cut availability to capital for a considerable amount of establishments. The sad thing is, it is not the large corporations suffering the brunt of these new laws.To complicate matters, these regulations apply to “Mom and Pop” type operations that have less than 50 employees.
This is quite the dilemma, yet it has opened the market up for different lending options.High-risk lenders like First Choice Business Capital can certainly provide quick approvals and no-nonsense funding solutions.By taking advantage of the alternate loan options available, it is true that a business with bad credit can get loans.
Greeley, CO, Bad Credit Business Loan Options
It could be that you are one of the businesses that are not aware that short-term loan solutions are offered. But the good news is, they actually are – and the best part is, they are unsecured! Yes, you can get business loans with unsatisfactory credit. Business loans bad credit are our field of expertise! These business loans are not just for certain types of companies, either.Many different types of companies can get funding with the options we offer. Small business loans bad credit? Nothing to it at all! Yup! When a business needs working capital, they need it now. First Choice acknowledges this need and offers easy approvals.
Short-Term Loans and Business Cash Advances
Alternate lending such as these are often referred to as a merchant cash advance, or MCA. When a traditional bank turns down a loan, these can supply the money required to stay functioning. These alternative loan solutions are even easier to qualify for since no collateral is involved. This makes the approval procedure even easier! If you have deposited roughly 8-10 thousand dollars every single month for the last three months, and have been in business for at least that amount of time, we can really help you !
What Are the Benefits of Merchant Cash Advances?
Applying for a merchant cash advance really has its perks. One of the most prevalent advantages of a loan of this sort is how quickly it is funded; it is especially fast in comparison to a loan from a bank. Many times, a business can have their approval in only one business day. The approval rate of these loans is gigantic compared to typical bank loans as well. Believe it or not, over 90 percent of them are approved! The best part? Immediately after you are approved, you will have the cash you need within 48-96 hours. You do not have to go through a very long loan process, either. All you need to complete is a simple one-page application form and you should also be prepared to produce the last six months of business bank statements. With this relevant information, we can work on approving you very fast.
If you need a bad credit business loan immediately, a merchant cash advance could be just the solution you are looking for. A business loans for bad credit in the form of a merchant cash advance is very likely just what you need. These loans, which usually range from 4 to 18 months, have a fixed cost of capital. Payment loans are made daily with the exception of Saturday and Sunday. Each month, there are customarily 20 to 22 payments for a merchant cash advance.
We Consult with Many Businesses
A large range of businesses qualify for short term business loans bad credit. Merchant cash advance companies like to work with all sorts. Here are just a few we have worked with: Beauty Shops, Tire Shops, Carpentry, Construction, Masonry and Stonework, Driveway and Parking Pavement, Heating and Cooling, Gasoline Service Stations, General Building Contractors, Automotive/Mechanic Repair Shops, Wrecking and Demolition companies, Vehicle Body Repair and Painting, Home Health Services, Interior Decorators, Pest Control, Night Clubs and Restaurants, Rigging and Scaffolding, Water Well Drilling and Trucking. There are various other company specific niche markets that can be serviced with business loans with poor credit. As you discovered 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.
States We Can Really Help!
Merchant cash advances are offered to business organizations 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.
Only Team Up with Highly Regarded Bad Credit Business Loan Brokers
There are dishonest companies in this industry, preying on those looking for bad credit small business loans. Due to this, it is imperative 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. It is unfortunate when a borrower is declined because an agent provided inaccurate data to a lender. A dependable brokerage understands the underwriting process. They have considerable expertise about the lenders at their disposal.
Brokers may also be able to syndicate deals, meaning more funding for your company. That being said, you want to ensure your loan application is not shopped around. When your credit rating is below average, the very last thing you really want is it being lowered even more because of your broker’s activities. 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, particularly when a low credit score is why you are shopping for alternative lending in the first place. Picking a professional lending house like First Choice Business Capital will save you this heartache.
If You Need a Bad Credit Business Loan, Call Us As Soon as Possible
Why wait for your score to get better? This is a tremendous opportunity for your business to get the bad credit business loans fast you need, now instead of later. Keep your personal belongings – you don’t have to worry about not having enough collateral. Call us now or fill in the short online application to get the process started right now!
First Choice Business Capital
Greeley, CO, United States
Communities we serve: