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 – Is it Really Achievable?
Are you seeking out business loans in Apple Valley, MN, but have credit issues? If you want an instantaneous and hassle-free remedy, First Choice Business Capital can serve you today! Here at First Choice, we understand the pain and disappointment that getting denied for loans from traditional banks can cause. We have many capital 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
Recent studies show, a big 70% of businesses don’t qualify for a bank loan. We pride ourselves in helping companies get the funds they need regardless of what your credit history looks like, and we have many alternatives that we can make available. Banks deny loans to companies with bad credit for a variety of reasons. It is true that one of the main reasons that denials occur is just simply when a business has bad credit.
When a company does not have easily access to cash, they are not going to be able to stay in business for long at all. In 2008, the economy crumbled, and since then even those companies that are successful have had a hard time securing bank loans. Unfortunately, new regulations have cut access to capital for many businesses. Additionally, the ones affected are the small and medium-sized entities, those employing less than 50 workers.
Luckily, alternate finance companies have stepped in to help solve this dilemma.High-risk lenders like First Choice Business Capital can absolutely provide quick approvals and no-nonsense funding solutions. So despite of what you may have heard, it is a fact that businesses with bad credit can readily get the funding they need by leveraging the various alternative-lending opportunities available to them.
Apple Valley, MN, Bad Credit Business Loan Options
It is a pity that many individuals do not know their options, because unsecured short-term loan options do exist for companies in your predicament! Even with bad credit and no collateral, businesses can obtain loans. Many different types of companies with bad credit can get business loans with the options we offer. It is also true that you can get horrible credit business loans fast. With First Choice Business Capital, you can usually receive capital within just one day! We take pride in helping you solve your financial dilemma as quickly as possible, and we possess a high approval rate as well.
Short-Term Loans and Business Cash Advances
These types of offerings are known as a merchant cash advance (MCA). These business loans are sometimes the only factor standing between a company continuing to be open or closing for good. When a traditional bank turns down a loan, these can provide the money required to stay doing business. You do not even need collateral in order to qualify for an MCA. There are funding options for all sorts of companies; so no matter what business sector you are in, we can help. The only requirements needed is that the business has been operating for at least 3 months and you’re depositing at least 8-10 thousand dollars continually for the same amount of time.
Perks of Merchant Cash Advances
MCAs offer several advantages to all sorts of companies like yours. A key example of one of these benefits is how quickly a merchant cash advance is financed. Where traditional banks can take a long time, an MCA could be approved and paid in only a fraction of the time. A lot of loans of this type are approved within as little as one day. Also, the loan process is simple and easy, because all that is needed to be filled out is one simple page.
Furthermore, you have to provide us with the last 6 months of your business bank statements. With this relevant information, 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 are looking for. These loans, which usually run from 4 to 18 months, have a fixed cost of capital. Loan payments are made daily from Monday to Friday and merchant cash advances usually have in between 20 and 22 payments each month.
We Team Up with Many Businesses
Short-term business loans for low credit are provided to a wide variety of businesses. Small, medium and large business qualify for unsecured short-term loans. The following niches are just some of the businesses we work with: Home Health Services, HVAC System, Interior Decorators, Masonry and Stonework, Pest Control, Rigging and Scaffolding, Tire Shops, Trucking, Water Well Drilling, Wrecking and Demolition companies, Automotive/Mechanic Repair Shops, Auto Body Repair and Painting, Bars and Restaurants, Beauty Shops, Carpentry, Construction, Driveway and Parking Pavement, Gasoline Service Stations and General Building Contractors. Business loans with insufficient credit can be had by these companies and many more. First Choice collaborates with any company that is suffering due to bad credit and meets the minimum criteria set forth earlier.
States We Work With
Merchant cash advances are provided 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.
Only Work With Dependable Bad Credit Business Loan Brokers
When a business with bad credit is looking for a merchant cash advance loan or poor credit small business loans, it is best to work with a reputable professional. Not all of them will have your best interest at heart. Borrowers have unintentionally been declined in the past due to erroneous information being given by intermediaries to their lender of choice. A respectable brokerage house should have extensive knowledge of the industry.
Moreover, they should know the best ways to get businesses funded by the lenders available to them, and they should have an in depth knowledge of the process. 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 last thing you want is it being lowered even further because of your broker’s activities. Choosing a reputable alternate loaning company goes a long way in making sure this does not occur. First Choice Business Capital knows this, and would refrain from doing anything to damage our client’s credit further.
If You Need a Bad Credit Business Loan, Call Us Right Now
You do not need to put up your personal possessions 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
Apple Valley, MN, United States
Communities we serve: