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 Bellevue, NE- Is it Really Possible?
Are you looking for business loans in Bellevue, NE, but bad credit is standing in your way? If you want a swift and hassle-free answer, First Choice Business Capital can help you today! Here at First Choice, we understand the pain and aggravation that getting denied for loans from traditional banks can cause. At First Choice, we know how stress filled and frustrating it can be if you have a poor credit score and you’ve been getting declined from old-school banks for capital. That’s the reason why we have dedicated ourselves to making business-funding solutions readily available to all businesses regardless of a bad credit history.
What You Need To Know About Business Loans When You Have Poor Credit
If you think you are alone in this plight, you may be surprised to know that you are not. Recent studies have even shown that less than a third of businesses could be approved for a loan from a traditional banking institution. We pride ourselves in helping companies get the funds they need regardless of what your credit history looks like, and we have many options that we can offer. Banks deny loans to companies with bad credit for a vast range of reasons. It is true that one of the main reasons that denials occur is basically when a business has bad credit.
We all know that without capital, a business will break and keeping the doors to a business open requires cash flow. Ever since the market wreck of 2008, it has become remarkably difficult for profitable businesses to get a bank loan.This is due to new regulations that have cut access to capital for many businesses. The ones impacted are the small and medium-sized entities, those employing less than 50 workers.
This is quite the dilemma, yet it has opened the market up for alternative lending options. There are options for business cash advances from organizations like First Choice Business Capital. We provide practical finances and offer a quick approval process. No matter what you may have heard, it is certain that there are other options offered for businesses besides conventional banks when credit is an issue.
Bad Credit Business Loan Options
Maybe you are one of the businesses that are not aware that short-term loan alternatives are out there. Small, medium and even large organizations can qualify for uncollateralized loans. You can get approved for the business loans you require even though your credit isn’t very good. Business loans for insufficient credit are provided for all sorts of businesses in Bellevue, NE. Also, it’s true that you can get low credit business lows very quickly, because First Choice Business Capital supplies their customers with loans within just one day! We understand the dire need to obtain the working capital you need. We also realize that you need the money now, and pride ourselves in helping you get financed as promptly as possible.
Short-Term Loans and Business Cash Advances
You may have heard of these types of different finance options, which are also called merchant cash advances or MCAs. When conservative options do not work due to lack of great credit, these business loans can be an excellent advantage for a company in dire need of cash. 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 marketplace you are in, we can help. If you have deposited within 8-10 thousand dollars each month for the last three months, and have been operational for at least that amount of time, we can help you!
Merchant Cash Advances Benefits
There are many advantages to applying for a merchant cash advance. One of the primary advantages of a loan of this sort is how quickly it is funded; it is exceptionally 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 huge compared to typical bank loans as well. Believe it or not, over 90 percent of them are approved!
You will not need to wait long for your money, either; most loans are funded less than four days after approval. Also, the application is only one page and the last six months of banking statements will need to be supplied. A merchant cash advance is an ideal solution for companies that need cash quickly. When your business is stalling as a result of a lack of cash flow, this short-term business loan can get you the money you desperately need. These loans have a fixed capital cost and run from 4-18 months. 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.
We Deal 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. The list below is a sprinkling of the types of businesses we like to hear from: Automotive/Mechanic Maintenance and repair Shops, Auto Body Repair and Painting, Pubs and Restaurants, Beauty Shops, Carpentry, Building, Driveway and Parking Pavement, Fuel Service Stations, General Building Contractors, Home Health Providers, HVAC, Interior Decorators, Brickwork and Stone, Pest Control, Rigging and Scaffolding, Tire Shops, Trucking, Water Well Drilling, Wrecking and Demolition companies and more. These are just a few business sectors that are qualified to apply for a business loan when credit is poor. First Choice partners with any company that is suffering due to bad credit and meets the minimum criteria set forth earlier.
States We Consult with
If your business is in one of the following states, we may be able to help you with a cash advance: 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.
Work Only With Dependable Bad Credit Business Lenders!
It is necessary to exclusively work with reputable providers when trying to attain bad credit small business loans. It could be quite tricky determining which institution to go with, and there are a large number of them out there. 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 of a broker providing erroneous information and facts to a lender.
Respectable brokers know financial institutions and the underwriting process well. They recognize what it takes to get business financing. The amount of credit could also be raised if the brokerage house knows how to syndicate the transaction. Those lenders that can syndicate the deals may even maximize loan amounts. You do not want your broker submitting your application to a number of lenders. Choosing a highly regarded alternative loaning 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.
Got Bad Credit Business Loan Needs? Call Us!
There is no need to lie in wait for your credit score to improve to apply for a business loan. 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. Fill out the short online application or call us as soon as possible!