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 Henderson, NV – Is it Really Possible?
Bad credit business loans truly do exist.At First Choice Business Capital, we can help you get the revenue you really need in Henderson, NV. We have many money options available for companies, regardless of a bad credit history. The approval process is fast as well, 24 hours in many cases!
The Facts About Receiving a Business Loan With Bad Credit
If you think you are alone in this circumstance, you may be surprised to know that you are not. Recent studies have even shown that under a third of businesses could be approved for a loan from a traditional banking institution.Banks deny loans to companies with bad credit for a variety of reasons. It is true that one of the main reasons that denials occur is just simply when a business has bad credit.There may also be other aspects at play, such as a tax lien against the company or a court judgment.
When a company does not have easily access to cash, the business will suffer and eventually close down. In 2008, the economic situation crumbled, and ever since even those companies that are making money have had a hard time securing bank loans.There are new requirements in place as well that make the task even more challenging than it was before the collapse. The companies affected by these new regulations are not large corporations, but those with under 50 employees.
If you are interested in a lending solution that does not take the traditional route, a high-risk lender like First Choice Business Capital can provide the finances you need, faster than you ever thought possible. No matter what you may have heard, it is certain that there are other options in the market for businesses apart from old-fashioned banks when credit is an issue.
Options Are Available in Henderson, NV, for Poor Credit Business Loans
It is a pity that many folks do not know their options. Unsecured short-term loan options do exist for companies in your position! Yes, you can get business loans with subpar credit. Business loans for bad credit are our field of knowledge! These business loans with poor credit are not just for certain types of companies, either. Small business loans bad credit – really? Yes, you’re really not dreaming! First Choice understands you don’t need the money next week. You need it now. We take great satisfaction in helping you solve your financial dilemma as quickly as possible, and we possess a high approval rate as well.
Short-Term Loans and Business Cash Advances
Merchant cash advances such as this are also referred to as an MCA. These business loans are a true lifesaver for those companies that have been turned down by banking organizations because of their credit score. You do not even really need collateral in order to qualify for an MCA. This makes the approval procedure even easier! The only qualifications we need is for your business to be older than three months and that you typically deposit at least eight thousand dollars every month.
What Are the Positive Aspects of Merchant Cash Advances?
Applying for a merchant cash advance clearly has its perks. For one, these loans are funded much more quickly than those from traditional banks. As a matter of fact, most of these loans are approved in 24 hours. The approval rate for these loans is extraordinary. In fact, over 90 percent of applications are approved! The best part? Immediately after you are approved, you will have the cash you need within 48-96 hours. You do not have to go through a very long loan process, either. The procedure to get approved is easy, too. There’s only one application page to fill out. Have your business’s last six months of bank statements ready, too. We can work to approve your loan application when this important information is provided.
A merchant cash advance can be simply just what you need if you have been refused by your bank as a result of poor credit. A merchant cash advance is a short-term business loan that can get you going again. These loans are generally paid back in fewer than 18 months, some as little as four 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.
Some Businesses We Deal with
Short term business loans bad credit is offered to a myriad of company niches. At First Choice, we have helped almost every kind of company. The list below is a few of the types of businesses we want to hear from: Automotive/Mechanic Repair Shops, Wrecking and Demolition, Car Body Repair and Painting, Water Well Drilling, Taverns and Restaurants, Trucking, Beauty Shops, Tire Shops, Carpentry, Rigging and Scaffolding, Construction, Pest Control, Driveway and Parking Pavement, Brickwork and Stone, Gasoline Service Stations, Interior Decorators, General Building Contractors and Home Health Professionals. Any of these companies and many more can enjoy business loans with bad credit. As you discovered before, the application process is easy and the criteria minimal. If you have credit concerns affecting your ability to obtain a loan, First Capital can help.
States We Do Business In
Merchant cash advances are readily 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.
Working With a Professional Agent of Business Loans Bad Credit
For companies with substandard credit looking to get a bad credit small business loans, always check the reputation of the agent. There are numerous different lending institutions, so you have to navigate carefully. It is unfortunate when a borrower is declined as a result of an agent providing wrong data to a lender. A dependable brokerage understands the underwriting process. They have considerable expertise about the lenders at their disposal. Those lenders that can syndicate the deals may even maximize loan amounts. You do not want your broker submitting your application to a ton of lenders. You really want to choose a reputable company like First Choice Business Capital to make certain that this does not happen.
If You Need a Bad Credit Business Loan, Call Us Right Away
Why wait for your score to get better? This is a tremendous opportunity for your business to get bad credit business loans fast. And don’t worry about collateral – you don’t need it to obtain the loan. It is a simple, one-page application. Fill it out online or call us today!