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!
Bad Credit Business Loans Bushwick, NY
Are you looking for bad credit business loans Bushwick, NY? If you want a quick and hassle-free experience, First Choice Business Capital is your answer! Here at First Choice, we understand the pain and frustration that getting denied for business loans from traditional banks can cause.
Traditional banks often turn down funding to businesses that do not have good credit. Needless to say, this causes much frustration to the business owners seeking funds. We understand your pain; which is why regardless your credit history, we can provide you with numerous funding options, such as cash advances, short-term loans and much more.
Getting a Business Loan With Bad Credit, The Honest Truth or Fallacy?
The reality is that majority of companies today do not qualify for bank loans. In fact, studies have shown that only 30 percent of businesses get approved for funds they need! There are plenty of reasons why most businesses with bad credit get declined for a bank loan. Poor credit alone is one of the fundamental reasons that banks will deny business loans. Other factors might be that there are tax liens against the company, and court judgments can affect the outcome as well.
We realize being turned down by a bank is disheartening, and many businesses simply give up after hearing “no.” Without proper accessibility to cash most businesses couldn’t keep their doors open for very long because it’s the foundation on which to keep operating. Since the economic collapse, gaining access to capital has become a problem because of new regulations that have been put in place. The businesses affected by these are not just large corporations, but those with less than 50 employees.
This situation is a huge burden for those needing funding, but it has actually opened the doors for alternate loan companies to step in to provide much-needed solutions to all types of businesses. At First Choice Capital, we specialize in high-risk funding for those businesses that have been affected by these new regulations. Finance options for businesses with bad credit are not just a pipe dream; it’s a solid and viable option. We even offer 24-hour approvals when you need funds super fast! Yes, it really is true that businesses with bad credit can get the money they need even after being turned down by the bank. When traditional routes fail, alternate financial institutions can offer the assistance needed.
Business Loan Options Bad Credit Bushwick, NY
The fact is most companies in need of bad credit loans are not alerted to of the loan options easily available to them besides bank loans. In fact, even those unsecured short-term business loans bad credit are easy to get. Unsecured short-term loans are available to businesses of all kinds regardless of a poor credit score! Perhaps you are worried that just because you have no collateral and poor credit, you can’t get a loan. That just simply not the cast, there are alternate loans readily available for your needs. Rest assured that you can get money fast to keep your business running by leveraging bad credit loan options for your business.
What’s more, you can get bad credit business loans incredibly fast and that’s no fabrication. Many different types of companies can get business loans for bad credit with the various loan options we offer. Small business loans bad credit? No worry at all! First Choice understands that when business are looking for working capital, they commonly need it as quickly as possible, which is why we pride ourselves on getting speedy approvals with a remarkably high percentage approval rating for businesses that apply for a business loan with us.
Short-Term Loans, Unsecured Loans & Business Cash Advances
This kind of alternative lending is often known as to as a merchant cash advance, also referred to as an (MCA). When conservative bank options do not work due to lack of a great credit rating, bad credit business loans can be a great chance for a company in desperate need of finances. You don’t even need collateral in order to qualify for an MCA.
We provide lending for a multitude of industries as well, so it is highly probable we would be able to get you the loan you need. The only qualifying criteria we need is for your business to be older than three months and that you repeatedly deposit at least eight thousand every month.
The Perks of Merchant Cash Advances
MCAs offer many advantages to all kinds of companies just like yours. In fact, there are quite a few advantages to MCAs. One of the greatest advantages is how quickly it is funded; it’s extremely fast in comparison to a typical loan from a bank. You can be approved for this type of loan in just one day. That would never happen with your bank.
The reason it’s so fast is that the process for a loan approval is very straightforward. A one page easy application is all that is needed. Along with the last 6 months of your business bank statements. With this information, an approval can be processed very quickly because one we review your 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 perfect solution you are looking for. These loans are considered short-term business loans. The loans have a fixed cost of capital. They usually are paid within four months to a year and a half. Payment options are flexible for these loans, and they can be paid either daily or weekly. 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 Types of Businesses
Short-term business loans bad credit is offered to a myriad of company niches so there is no need to worry if you can qualify. At First Choice, we have assisted almost every kind of company. Here is just a small sampling of the types of companies we have teamed up with:Automotive/Mechanic Maintenance and repair Shops, Auto Body Repair and Painting, Bars and Restaurants, Beauty Shops, Carpentry, Development, Driveway and Parking Pavement, Fuel Service Stations, General Building Contractors, Home Health Providers, HVAC, Interior Decorators, Masonry and Stone, Pest Control, Rigging and Scaffolding, Tire Shops, Transportation, Water Well Drilling, Wrecking and Demolition companies and more. These types of businesses and plenty more are entitled to for business loans with bad credit. As we touched on before, the application process is easy and the criteria minimal. If you have bad credit challenges affecting your ability to obtain a loan, Call First Capital now, we can help.
What States Do 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.
Why You Should Only With Legitimate Bad Credit Business Lenders
It is so essential to exclusively work only with reputable providers when trying to get bad credit small business loans for your company. There are many different lending institutions, so you have to navigate carefully and can sometimes be a challenge.
One thing we have seen by other lenders is that borrowers have inadvertently been declined due to erroneous information being given by intermediaries to their lender of choice.
You do not want that to happen as a good brokerage house can get businesses funded because they truly understand the underwriting process of the different lenders available to them. Those lenders that can syndicate the deals may even increase loan amounts available.
If You Are In Need of a Bad Credit Business Loan, Do Not Delay – Contact Us Today
Why wait for your score to get better? Waiting on that to happen could literally take years – and still there is not guarantee. Why not opt for alternative lending options; there’s no stress and no worrying about collateral.
In fact, this is a tremendous opportunity for your business to get the funds you need now instead of later. Do not let the opportunity to get fast funding pass you by. And don’t worry about having bad credit – you don’t need it to obtain the loan with us. Fill out the short online application or call us right now!