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 Flushing, NY
If you are looking to get bad credit business loans Flushing, NY First Choice Business Capital can help. At First Choice, we understand how nerve-wracking and irritating it can be if you have a poor credit score and you’ve been getting declined from typical banks for financial backing. That’s exactly why we have dedicated ourselves to making business-funding options accessible to all business enterprises regardless of a bad credit history.
The Facts About Getting a Business Loan With Bad Credit In Today’s Market
If you are on this page it is quite likely that you may bee upset and disheartened after being denied by your bank; but there is no need to worry because we can help you. We pride ourselves in helping companies get the funds they need regardless of what your credit history looks like, and we have many financing alternatives that we can deliver to you rather quickly. Unfortunately, you may be stunned to learn that only 30 percent of businesses actually qualify for a bank loan – which means you’re chances are very slim and you are not alone! Although one of the main reasons banks will deny you is due to bad credit, it certainly is not the only reason. Another common issue is if when companies have a judgment or lien against them.
These other contributing factors such as a tax lien against a company or a court judgment is extremely prevalent as well. The reality is that a business must have working capital in order to stay adrift, as it is the basis on which it can keep operating. New regulations established after the 2008 debacle have cut the availability for working capital for a significant amount of businesses and establishments. Sadly, it is not just the large corporations suffering the brunt of these new laws. To complicate matters, these regulations also apply to “Mom and Pop” type operations that have less than 50 employees. This has really had a huge negative impact on their ability to get funds. However, there is light at the end of the tunnel as this dilemma has also opened the doors for new type of loan options from alternative lenders.
Now, high-risk lenders like First Choice Business Capital can provide quick approvals and no-nonsense funding solutions. No matter what you may have heard in the past, the fact is there are other options readily accessible for businesses besides the traditional banks when credit is an issue. If you are looking to get a bad credit business loan Flushing, First Choice Business Capital can help your business. At First Choice, we understand how nerve-wracking it can be if you have poor credit and you’ve been getting declined repeatedly from typical banks for funding. That’s exactly why we have dedicated ourselves to making business-funding options easily accessible to all business enterprises regardless of a bad credit history or lack of collateral.
Bad Credit Business Loan Options Flushing, NY
What almost all businesses don’t realize is that unsecured short-term loans are quite easily available to them if they know where to go. The good news is that they are available and the traditional bank is not your only option. The other great thing is that these alternative options are unsecured!
That’s right, you can get business loans with bad credit because at First Choice Business Capital… Less than perfect credit does not equal a denial for funds. We offer business loans with poor credit daily and we provide Business loans for bad credit to all sorts of businesses in Flushing. Alternative finance companies such as First Choice can offer bad credit business loans fast.
In fact, we are happy to tell you that we can deliver loans in just 24 hours in most cases. Are you looking for small business loans bad credit? You are in the right place and the right time! When a business needs working capital, we know they need it now, which is why First Choice offers quick and easy approvals
Business Cash Advances & Short-Term Loans
What are business cash advances? This type of alternate lending is often referred to as a merchant cash advance, also known as (MCA) and are short-term loans. When conservative options fail you due to your lack of good credit, these MCAs (poor credit business loans) can be an amazing way for a company in dire need of finances to get the finances needed. Even better is the fact that no collateral is required to qualify for a business cash advance. This makes it even easier to qualify for a loan if you’re a business with bad credit and no collateral.
We provide fast financing for a variety of industries as well, so it is very likely that we will be able to take care of you too. The only requirement is that your business has been operable for at least three months minimum and that you are regularly transferring money to your business bank account in the amount of between 8-10 thousand monthly.
What Are The Advantages of Merchant Cash Advances?
There are quite a number of advantages to merchant cash advances (MCAs); but one of the biggest advantages about these types of loans is that it provides very fast financing compared to that of a traditional bank as mentioned previously – this is an amazing benefit as you can imagine.
The reality is you can be approved for this type of loan in as quickly as just one day. The loan procedure is painless, too and all that is required to get started is to fill out a simple one-page loan application right here online. Be sure to have the last six months of your business banking statements handy, as these will need to be supplied as well. When a business needs a bad credit loan fast, a merchant cash advance is definitely the most suitable type of business loan they should look for.
Merchant cash advances are short-term business loans as they typically run from 4-18 months and these loans have a fixed cost of capital. There is also a fixed cost of capital and you can make your payments by the day or by the week – it’s your choice. Daily payment loans occur every business day and with an MCA, there are usually 20-22 payments each month.
We Coordinate with Many Businesses
All sorts of companies can get short-term business loans bad credit and merchant cash advances. First Choice loves to help all kinds of companies. The list below is a variety of the types of businesses we have worked with would love to hear from:Automotive/Mechanic Repair service Shops, Auto Body Repair and Painting, Night clubs and Restaurants, Beauty Shops, Carpentry, Development, Driveway and Parking Pavement, Gas Service Stations, General Building Contractors, Home Health Services, HVAC, Interior Decorators, Masonry and Stone, Pest Control, Rigging and Scaffolding, Tire Shops, Truck, Water Well Drilling, Wrecking and Demolition companies and more. These are just a few company niches that can be serviced with business loans with bad credit. We do not exclude anyone as we can work with any business that has bad credit and meets our minimum criteria as stated above.
States We Partner 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.
You Should Work Only With Trustworthy Bad Credit Business Lenders
The sad truth is that there are unethical companies in the bad credit loan industry that are just preying on those looking for bad credit small business loans. Due to this fact, it is really essential that you only deal with reputable brokers because not all them will have your best interest at heart. For instance, borrowers are sometimes declined simply because the wrong information was initially provided to financial institutions by the brokerage firm.
A reputable lender does not make these rookie mistakes. A good loan brokerage house can get businesses funded due to the thorough understanding of the underwriting processes of all the different lenders available to them. Another tip, when brokerage houses can syndicate, they may have the capacity to secure a lot more money on your loan and can really be helpful when you need even more funding.
Another thing you don’t want is for the broker to shop your deal around. Your loan should not be submitted to many lenders, which is why you want to choose a respectable company like First Choice Business Capital to make certain these mistakes do not happen with your loan.
Contact Us Now for Your Bad Credit Business Loan
You know it takes a long time for your credit score to improve. So, why wait? There is no need when you have all these incredible business loan options available to you.
You don’t have to rely on traditional banks, and don’t have to surrender your personal belongings or property to use as collateral for your business loan. Call us today or fill in the short online application to get the process started right now!