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!
Getting a Business Loan in Albany, OR, With Bad Credit is Possible!
First Choice Business Capital can help you secure the bad credit business loans you need to get to keep your business in Albany, OR, profitable, even when you have bad credit.Traditional banks often reject 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 have many business funding options available, such as cash advances, short-term loans and much more.
The Facts About Acquiring a Business Loan With Bad Credit
You are very likely quite upset and disheartened from being denied, but we can help.We pride ourselves in assisting companies get the funds they need regardless of what your credit history looks like, and we have many alternatives that we can deliver. Bad credit can be the main reason for many denials. So could a court judgment against a company, or there may be tax lien issues.
Getting denied is frustrating, and many companies surrender their hopes for a loan once the bank denies them. The core of every business is its capital, because It is the basis on which to keep operating. From that time on, gaining access to capital has become a problem because of the new regulations.The companies affected by these are not large corporations, but those with under 50 employees.
This situation is a burden to those needing funding, but it has opened the doors for alternate loan providers to step in to provide much-needed options.There are solutions for business cash advances from organizations like First Choice Business Capital. We provide practical financing and offer a quick approval process. By taking advantage of the different finance options available, it is true that a business with bad credit can get loans.
Albany, OR, Bad Credit Business Loan Options
Most companies are not knowledgeable about the solutions easily available to them. Unsecured short-term loan options do exist for companies in your position! There are still loans readily available for your needs. Subpar credit aside, you can secure business loans with bad credit. It is also true that you can get bad credit business loans fast. With First Choice Business Capital, you can usually get loans within just one day! First Choice understands when your business needs money, it needs the funds right away. We take pride in helping you solve your financial situation as quickly as possible, and we possess a high approval rate as well.
Unsecured Loans, Short-Term Loans, Unsecured Loans & Business Cash Advances
Alternate lending such as these are often referred to as a merchant cash advance, or MCA. When a traditional bank turns down small business loans bad credit, these can give the money your business requires to stay functioning. These alternative loan solutions are even easier to qualify for since no collateral is entailed. There are funding options for all sorts of companies; so no matter what trade you are in, we can help. We do not provide start-up loans, so you must definitely have a business that has been running for a minimum of three months. Aside from that, we will definitely need to see that you have deposited a minimum of eight thousand dollars for the past three successive months.
Perks of Merchant Cash Advances
MCAs offer plenty of advantages to all sorts of companies like yours. A big advantage of these type of business loans with poor credit is that they can be funded in a fraction of the time of traditional banking loans. As much as 90 percent of these loans are approved. And finally, these loans are generally funded in 48-96 hours after approval. The loan procedure is simple and easy, too. All that is involved is to submit one simple page and provide us with the last six months of banking statements.
A merchant cash advance is an excellent solution for companies that need cash quick. When your business is halting as a result of 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 4-18 months. You can make your payments by the day or by the week. Daily loan payments can be made each business day. With an MCA, there are usually 20-22 payments each month.
We Collaborate with Many Businesses
All sorts of companies can get short term business loans bad credit. First Choice loves to help all kinds of companies. The following markets are just some of the businesses we work with: Automotive/Mechanic Repair Shops, Wrecking and Demolition, Car or truck Body Repair and Painting, Water Well Drilling, Clubs 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 Companies. These business sectors and more are suitable for business loans bad credit. If you meet the criteria we talked about previously, First Capital can work with you.
States We Can Assist!
Merchant cash advances are available in the market to business organizations 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 Poor Credit Business Loans
For companies with below average credit looking to acquire 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. Borrowers have accidentally been declined in the past due to erroneous information being given by intermediaries to their lender of choice. A respectable brokerage house should have extensive knowledge of the industry.
They should know the best way to get businesses financed by the lenders available to them, and they should have a complete knowledge of the process. When brokerage houses can syndicate, they may have the ability to secure lots more money on the loan. What you do not want is for the broker to shop your deal around. It should not be submitted to many lenders. Choosing a professional alternate finance company goes a long way in making sure this does not occur. First Choice Business Capital knows this, and would refrain from doing anything to tarnish our client’s credit further.
Got Bad Credit Business Loan Needs? Call Us!
You don’t have to wait until your score improves to apply for business loans for bad credit. Do you honestly want to let this opportunity pass you by? Keep your personal belongings – you don’t have to worry about not having enough collateral. It is a simple, one-page application. Fill it out online or call us today!