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 Southampton, NY
Are you searching for bad credit business loans Southampton, NY? If you want a fast and hassle-free option, First Choice Business Capital can help you today! Here at First Choice, we understand the distress and frustration that getting denied for loans from traditional banks can cause. We understand that having a less than stellar credit score can hamper your chances for a business loan from traditional banks.
The Cold Hard Facts About Obtaining a Business Loan with Bad Credit
The majority of companies today do not qualify for bank loans. In fact, studies have shown that only 30 percent of businesses would be approved! We pride ourselves in helping companies get the funds they need, regardless of what their credit histories look like, and we have many solutions that we can provide. Reasons for declined loans could be as basic as a company applying for a business loan with poor credit. There can also be tax liens against the company, and court judgments can affect the outcome, too.
Being turned down by a bank is often disheartening, and many businesses simply give up after hearing “no.” However, working capital is the foundation on which a company operates.Since the financial wreck of 2008, it has become really difficult for profitable businesses to get a bank loan. From that time on, gaining access to capital has become a challenge caused by new regulations. This applies to small and medium-sized companies with 50 or fewer employees.
While this is a step in the wrong direction, it has opened up a new market for those specializing in alternative funding options. Business cash advance and high-risk loan providers, such as First Choice Business Capital, are immediately available to provide you with a quick, no-nonsense financing approach and getting you fast approval for your business loan.No matter what you may have heard, it is certain that there are other options in the market for businesses, beyond regular banks, when credit is an issue.
Bad Credit Business Loan Options Southhampton, NY
Most companies are not acutely aware of the solutions available to them. Even unsecured short-term business loans are possible. You can obtain business loans with poor credit. In fact, business loans for bad credit are available for all types of businesses. Many different types of companies can get business loans for bad credit with the options we offer. It is also true that you can get bad credit business loans fast. With First Choice Business Capital, you can generally get funding within just one day! First Choice not only has a high approval rate, but a swift one, as well. 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 quickly as possible.
Business Cash Advances, Unsecured Loans and Short-Term Loans
These kinds of alternative lending are often referred to as merchant cash advances, also known as MCAs. Poor credit business loans are true lifesavers for those companies that have been turned down by banking institutions because of their credit scores. These alternative loan options are easy to qualify for, since no collateral is entailed.
We deliver unique business financing in all types of industries. The only requirements needed are that the business has been operating for at least 3 months and it is depositing approximately 8-10 thousand dollars continually over the last 3 months.
Merchant Cash Advantage Perks
Applying for a merchant cash advance clearly has its benefits. For one, these loans are funded much more quickly than those from traditional banks. As a matter of fact, you can be approved for this type of loan in only one day. Also, we can proudly claim an approval rate of over 90 percent, which shows you have much better chances of being approved than at a bank!
You will not have to wait long for your cash, once approved. These loans are usually paid out in less than four business days, which is much faster than a bank. The loan approval process is fast and easy as well. All you need to fill out is a simple one-page application form. You should also be prepared to produce the last six months of business bank statements. We can work to approve your loan application when this important information is provided.
A merchant cash advance can be simply what you need if you have been declined by your bank because of bad credit. 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. Daily payments are made five days per week, not counting Saturday or Sunday. A merchant cash advance usually has between 20 and 22 payments every month.
We Team Up with All Types of Companies
A wide range of businesses qualifies for short-term business loans bad credit. Merchant cash advance companies like to work with all sorts. The following are some of the types of businesses we like to hear from: Home Health Professionals, HVAC, 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, Clubs and Restaurants, Beauty Shops, Carpentry, Construction, Driveway and Parking Pavement, Gasoline Service Stations and General Building Contractors. Business loans with bad credit can be attained by these companies and many more. First Choice can help any business that meets the qualifying criteria and has credit woes.
Are You in One of These States? We Can Help!
Merchant cash advances are available in the market 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.
Work Only with Trusted Bad Credit Business Lenders!
It is imperative just to work with reputable dealers when trying to obtain bad credit small business loans. It can possibly be quite tricky figuring out which institution to choose because many exist. 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. Sometimes a borrower is declined because an unskilled broker provided inaccurate information to a lender. A good brokerage house can get businesses funded by thoroughly understanding the underwriting process of the different lenders available to them.
You will also want to ensure the brokerage firm is not introducing your deal to a wide variety of lending institutions. A borrower’s credit score can be adversely influenced when the application is shopped around to multiple lenders. Deals that are sent in tandem like this can make your credit score take a plunge even further. You do not want this to happen, specifically when a low credit score is why you are shopping for alternative lending in the first place. Deciding on an established lending house like First Choice Business Capital will save you this heartache.
If You Are in Need of a Bad Credit Business Loan, Do Not Delay — Contact Us Today!
There is no need to hold everything for your credit score to make improvements to apply for a business loan. The simple application can be submitted online right now, and agents are anticipating for your call. Fill out the short online application or call us today!
First Choice Business Capital
Southampton, NY, United States
Communities we serve:
New York City, Brooklyn, Bushwick, Elmhurst, Jackson Heights, Forest Hills, Queens, Jamaica, Flushing, Harlem, Manhattan, Levittown, Hempstead, Huntington, Oyster Bay, Islip, Brentwood, Smithtown, Southampton, Brookhaven, New Rochelle, Yonkers, Mt Vernon, White Plains