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!
How to Get a Business Loan in Tonawanda, NY, with Bad Credit?
First Choice Business Capital focuses on providing fast and easy bad credit business loans in Tonawanda for all kinds of businesses with bad credit.Traditional banks often deny funds to businesses that do not have good credit, which causes much frustration to the owners. We understand your pain. Regardless of a bad credit history, we can have many business funding options available, such as cash advances, short-term loans and much more.
Getting Bad Credit Business Loans Tonawanda Without Traditional Banks
You are likely quite distressed and disheartened from being denied, but we can help.There are many reasons why numerous businesses with bad credit are declined for a bank loan and bad credit can be the main reason for many denials. Also, there may be other variables at play, such as a tax lien against the company or a court judgment.
Working capital is the foundation on which a company operates. When the economic situation tanked in 2008, businesses suffered. Since then, getting a bank loan has become much more difficult. From that time on, gaining access to capital has become a hardship, because of new regulations. To complicate matters, these regulations apply to “Mom and Pop” type operations that have fewer than 50 employees.
This situation is a burden to those needing funding, but it has opened the doors for alternative loan providers to step in to provide much-needed solutions. High-risk lenders, such as First Choice Business Capital, can provide you with a quick, no-nonsense financing approach and getting you quick approvals for your business loan.By taking advantage of the alternative financing options available, it is true that a business with bad credit can get a loan.
Bad Credit Business Loan Options in Tonawanda, NY
Most companies are not aware of the solutions readily available to them. Even unsecured, short-term business loans bad credit are possible. Unsecured, short-term loans are readily available to businesses like yours! It could be that you are troubled, because you have no collateral and negative credit. Even with bad credit and no collateral, businesses can acquire loans. Furthermore, you can get bad credit business loans fast. Many different types of companies can get business loans for bad credit with the options we offer. Do you have a small business and need loans for bad credit? First Choice knows that businesses in need require backing now, so we pride ourselves on a high approval percentage that occurs quite quickly.
Business Cash Advances, Unsecured Loans and Short-Term Loans
This type of alternate lending is often known as a merchant cash advance, also as MCA. Poor credit business loans are a true lifesaver for those companies that have been turned down by banking establishments because of their credit score. These alternative loan solutions are even easier to qualify for since no collateral is required. We give custom business financing in all types of industries. If you have deposited about 8 to 10 thousand dollars every month for the last three months, and have been in business for at least that amount of time, we can help you!
Advantages of Merchant Cash Advances
Furthermore, there are quite a few advantages to MCAs. Applying for a merchant cash advance most certainly has its perks. For one, you can get the funds much faster than a traditional bank. Most loans of this type are approved within as little as one day. Also, you will not have to wait long for your money, either. That’s because you can get the financing you need in less than four days after approval. All you have to do is fill out a one-page application and provide bank statements from the last six months. With this information, we can work on approving you very quickly.
If you need a bad credit business loan fast, a merchant cash advance could be just the solution you seek. When your business is slowing because of a lack of cash flow, this short-term business loan can get you the money you seriously need.These loans have a fixed capital cost and run from 4 to 18 months. Daily payments are every business day. Also, along with an MCA, there are usually 20-22 payments each month.
What Kind of Businesses Can We Team Up with?
Many types of businesses can secure short-term business loans. A merchant cash advance company like First Choice will not discriminate based on business type. The list below is a small number of the types of businesses we want to hear from: Home Health Services, 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, Bars and Restaurants, Beauty Shops, Carpentry, Construction, Driveway and Parking Pavement, Gasoline Service Stations and General Building Contractors. These are just a few markets that can avail themselves to business loans with bad credit. If you meet the criteria we discussed previously, First Capital can work with you.
States We Can Assist!
Merchant cash advances are available to business entities in the following states: Wisconsin, Wyoming, West Virginia, Washington, Virginia, Vermont, Utah, Texas, Tennessee, South Dakota, South Carolina, Rhode Island, Pennsylvania, Oregon, Oklahoma, Ohio, North Dakota, North Carolina, New York, New Mexico, New Jersey, New Hampshire, Nebraska, Nevada, Montana, Missouri, Mississippi, Minnesota, Michigan, Massachusetts, Maryland, Maine, Louisiana, Kentucky, Kansas, Iowa, Indiana, Idaho, Illinois, Hawaii, Georgia, Florida, Delaware, Connecticut, Colorado, California, Arkansas, Arizona, Alabama and Alaska.
Finding A Trusted Lending Institution of Bad Credit Business Loans
For companies with poor credit looking to obtain a bad credit small business loans, always check the reputation of the agent. 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 didn’t get a loan, due to a broker providing inaccurate relevant information to a lender. For one thing, respected brokers know financing and the underwriting process well, because they understand what it requires to get money to businesses.
Not to mention, the amount of the credit could also be raised, if the brokerage house knows how to syndicate the transaction. Brokers may also be able to syndicate deals, meaning more funding for your company. That being said, you want to see to it your loan application is not shopped around. When your credit rating is poor, the last thing you really want is it being lowered even further because of your broker’s activities. When brokers shop your application around, it can damage your credit score even more. Choosing a trustworthy alternative lending institution like First Choice Business Capital will protect you from this.
If You Need a Bad Credit Business Loan, Call Us Now
It takes a long time for your credit score to improve. Why delay? Do not let it pass you by. And don’t worry about collateral — you don’t need it to obtain the loan. Call us today or complete the short online application to get the process started right now!