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 Longmont, CO – Is it Really Possible?
Are you seeking out bad credit business loans in Longmont, CO? If you want a swift and hassle-free answer, First Choice Business Capital can assist you today! Here at First Choice, we understand the irritation and disappointment that getting denied for loans from traditional banks can cause.We have many finance options available for companies, regardless of a bad credit history. The approval process is fast as well, 24 hours in many cases!
The Facts About Receiving a Business Loan With Bad Credit
If you feel you are alone in this plight, you may be surprised to know that you are not. Recent studies have even shown that under a third of businesses could be approved for a loan from a traditional banking institution. We pride ourselves in assisting companies get the funds they need regardless of what your credit history looks like, and we have many solutions that we can provide.Bad credit can be the main reason for many denials.There might also be tax liens against the company, and court judgements can affect the outcome too.
Being turned down by a bank is often disheartening, and many businesses simply give up after hearing “no.”We all know that without capital, a business will stagger. Keeping the doors to a business open needs capital.The economy collapsed in 2008 and since then, it has become exceptionally very tough for companies to secure loans.New regulations enforced after the economic crash has made acquiring capital near impossible.
To complicate matters, these regulations apply to “Mom and Pop” type operations that have less than 50 employees.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 process that does not take the traditional route, a high-risk lender like First Choice Business Capital can provide the cash you need, faster than you ever thought possible.
Longmont, CO, Bad Credit Business Loan Options
Most companies are not acutely aware of the choices readily available to them. Even unsecured short-term business loans bad credit are achievable. Unsecured short-term loan options do exist for companies in your predicament! These business loans for bad credit are not just for certain types of companies, either. Many different types of companies can get business loans with the options we offer. Small business loans bad credit – really? Yes, you’re really not dreaming! First Choice knows that businesses in need require finances now, so we pride ourselves on a high approval percentage that occurs quite quickly.
Business Cash Advances, Unsecured Loans and Short-Term Loans
Merchant cash advances such as this are also referred to as an MCA. Poor credit business loans are a true lifesaver for those companies that have been turned down by banking organizations because of their credit score. If you’re a business with horrible credit, you don’t need to have collateral. There are funding options for all sorts of companies; so no matter what profession you are in, we can help. We do not deliver start-up loans, so you must absolutely have a business that has been running for a minimum of three months. Besides that, we definitely will need to see that you deposit a minimum of eight thousand dollars for the past three successive months.
What Are the Strengths of Merchant Cash Advances?
MCAs offer a lot of conveniences to all kinds of companies like yours. For one, these business loans with poor credit are funded much more quickly than those from traditional banks. As a matter of fact, most of these loans are approved in 24 hours. Just about 90 percent of these loans are approved. Lastly, these loans are generally funded in 48-96 hours after approval.
The procedure to get approved is easy, too. The application form is only one page and you need your business’s last six months of bank statements ready, too. A merchant cash advance is an ideal solution for companies that need cash right away. A short-term business loan in the form of a merchant cash advance is quite likely just what you need. These loans, which usually range from 4 to 18 months, have a fixed cost of capital. Repayments can be made either daily or weekly, excluding Saturdays and Sundays. Merchant cash advances commonly have in between 20 and 22 payments each month.
Some Businesses We Consult with
Short term business loans bad credit are available to many types of businesses. A merchant cash advance company like First Choice will not discriminate based on business type. The list below is a small number of the types of businesses we want to hear from: Automotive/Mechanic Maintenance and repair Shops, Auto Body Repair and Painting, Cafes and Restaurants, Beauty Shops, Carpentry, Building, Driveway and Parking Pavement, Gas Service Stations, General Building Contractors, Home Health Professionals, HVAC, Interior Decorators, Brickwork and Stone, Pest Control, Rigging and Scaffolding, Tire Shops, Truck, Water Well Drilling, Wrecking and Demolition companies and more. These markets and more are suitable for business loans with bad credit. As you discovered before, the application process is easy and the criteria minimal. If you have credit difficulties affecting your ability to obtain a loan, First Capital can help.
Are You in One of These States? We Can Help!
Merchant cash advances are provided to business organizations 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.
Only Deal with Highly Regarded Bad Credit Business Loan Brokers
For companies with substandard credit looking to receive a bad credit small business loans, always check the reputation of the agent. Perform your due diligence while you wade through the loan possibilities that are readily available. There are also times when borrowers are turned down because the brokers provide the wrong information to would-be lenders.
Respected brokers know financing and the underwriting process well. They know what it requires to get business money. The amount of the credit could also be raised if the brokerage house knows how to syndicate the transaction. When brokerage houses can syndicate, they may have the chance to secure additional 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. You really want to choose a genuine company like First Choice Business Capital to make certain that this does not happen.
If You Need a Bad Credit Business Loan, Call Us Right Now
You do not have to wait until after your credit score is better to get bad credit business loans fast. The simple application can be completed online right now, and brokers are expecting your call. 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!