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!
Can I Get a Business Loan Bend, OR, If I Have Bad Credit?
Bad credit business loans are real. At First Choice Business Capital, we can help you get the business loans bad credit you require in Bend, OR. We have many capital 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 feel like you are alone in this dilemma, you may be surprised to know that you are not. Recent studies have even shown that below a third of businesses could be approved for a loan from a traditional banking institution. Loans are denied all of the time, and this can occur for many reasons. Subpar credit is often cited in these cases. A company may have a court judgment against them, or there may be tax lien issues.
Being turned down by a bank is often disheartening, and many businesses simply give up after hearing “no.” A business must have capital in order to stay profitable, since it is the basis on which to keep operating. Regulations put in force after that time have cut accessibility to capital for a considerable amount of companies. Regrettably, it is not the large corporations suffering the brunt of these new laws.
The companies affected by these are not large corporations, but those with under 50 employees. Alternate finance companies have stepped in to help solve this dilemma.High-risk lenders like First Choice Business Capital can surely provide quick approvals and no-nonsense funding solutions. With alternative lending possibilities available, bad credit loans are possible.
Bad Credit Business Loan Options in Bend, OR
Most companies are not acutely aware of the solutions easily available to them. Even unsecured short term business loans bad credit are entirely possible. Unsecured short-term loan options do exist for companies in your predicament! Even with bad credit and no collateral, businesses can receive loans. Furthermore, you can get bad credit business loans fast and are provided for all sorts of businesses. Small business loans bad credit? Not a problem at all! When a business needs working capital, they need it now. First Choice acknowledges this need and offers easy approvals.
Business Cash Advances, Unsecured Loans and Short-Term Loans
You may have heard of these types of alternate loan options, which are also called merchant cash advances or MCAs. When conservative options do not work due to lack of great credit, these poor credit business loans can be an amazing business opportunity for a company in terrible need of cash. If you’re a business with horrible credit, you don’t need to have collateral. We offer custom loaning for businesses in all types of industries. We only require that your company has been in service for three months minimum and that you transfer between 8-10 thousand dollars monthly.
Perks of Merchant Cash Advances
Merchant cash advances offer many positive aspects to all kinds of companies. One of the leading advantages of a loan of this sort is how quickly it is funded; it is unbelievably fast in comparison to a loan from a bank. You can be approved for this type of loan in only one day. 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 typically paid out in less than four business days, which is much faster than a bank. The application is only one page and the last six months of banking statements will need to be supplied.
That is all we need to begin the approval process on your business loans with poor credit. These loans are ideal for those that need a bad credit loan fast. When your business is slowing down caused by 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 4-18 months. Payment options are flexible for these loans, and they can be paid either daily or weekly. Repayments are made daily with the exception of Saturday and Sunday. Each month, there are customarily 20 to 22 payments for a merchant cash advance.
We Coordinate with Many Businesses
A large variety of businesses qualify for short-term bad credit business loan. Merchant cash advance companies like to work with all sorts. Here are just a few we have worked with: Automotive/Mechanic Maintenance and Repair Shops, Auto Body Repair and Painting, Night clubs and Restaurants, Beauty Shops, Carpentry, Building, Driveway and Parking Pavement, Fuel Service Stations, General Building Contractors, Home Health Solutions, HVAC, Interior Decorators, Brickwork and Stone, Pest Control, Rigging and Scaffolding, Tire Shops, Truck, Water Well Drilling, Wrecking and Demolition companies and more. There are more company markets that can be serviced with business loans with bad credit. First Choice can help any business that meets the requirements and has credit woes.
States We Do Business In
Merchant cash advances are 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 Finance Broker For A Poor Credit Business Loan
It is vital to exclusively work with reputable suppliers when trying to get bad credit small business loans. It could be quite challenging determining which institution to go with, and there are a large number of them. However, not all will have your best interest at heart. Borrowers are sometimes declined because the wrong information is provided to lending institutions by the brokerage firm. A dependable brokerage understands the underwriting process. They have substantial expertise about the lenders at their disposal.
When brokerage houses can syndicate, they may manage to secure much more money on business loans for bad credit. What you do not want is for the broker to shop your deal around. It should not be submitted to many lenders. Choosing a trustworthy alternate loaning 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 hurt our client’s credit further.
Got Bad Credit Business Loan Needs? Call Us!
You do not have to wait until after your credit score is better to get a loan. You do not need to put up your personal belongings as collateral, and you do not need good credit. This is a business opportunity that is just way too good to pass up. You can get this process started right now by filling out the simple form. It is available online, or if you prefer to discuss your options, you can call us today!