Getting a Business Loan In Corvallis, OR, With Bad Credit is Possible!
First Choice Business Capital can help you attain the bad credit business loans you need to get to keep your business in Corvallis, OR, profitable, whether or not you have bad credit. We know it can be so frustrating trying to get a traditional loan from a bank when your credit score is below average.
What You Need To Find Out About A Poor Credit Business Loan
Studies have shown that approximately 70 percent of companies will not qualify for traditional bank loans. So if you have been denied, you’ll find yourself in the majority. Businesses with bad credit get rejected for loans more often than not. There can also be tax liens against the company, and court judgments can affect the outcome too.Once a bank turns down a loan, the business often gives up the search for capital. Still, there are other options.
We all know that without capital, a business will stagger. Keeping the doors to a business open demands money. When a company does not have access to cash, they are not going to be able to stay in business. In 2008, the economic climate crumbled, and ever since even those companies that are successful have had a hard time securing bank loans. From that time on, gaining access to capital has become a challenge because of the new regulations.
The companies affected by these are not large corporations, but those with under 50 employees. While this is a step in the wrong direction, it has opened up a new market for those specializing in alternative funding options.There are solutions for business cash advances from companies like First Choice Business Capital. We provide practical financing and offer a quick approval process.
Bad Credit Business Loan Options in Corvallis, OR
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 bad credit. Business loans for bad credit are our area of expertise! Less than excellent credit does not equal a denial. We deliver business loans with poor credit. These business loans are provided for all sorts of businesses. Some alternative loan providers offer bad credit business loans fast, like First Choice Business Capital, which is pleased to offer loans in just 24 hours in many cases. Are you looking for small business loans bad credit? First Choice understands this. We take pride in helping you solve your financial dilemma as quickly as possible, and we possess a high approval rate as well.
Business Cash Advances, Unsecured Loans and Short-Term Loans
You may have heard of these types of alternate financing options, which are also called merchant cash advances or MCAs. For companies that have been turned down for a business loan by a bank, these kinds of poor credit business loans offer an amazing opportunity to get funding. These alternative loan solutions are even easier to qualify for since no collateral is needed. We provide finances for an assortment of industries as well, so it is really probable we would be able to assist you. 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 Merits of Merchant Cash Advances?
Applying for a merchant cash advance absolutely has its perks. For one, these loans are funded much quicker than those from traditional banks. As a matter of fact, most of these loans are approved in 24 hours. We can proudly claim an approval rate of over 90 percent, which suggests 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 frequently 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 loan.
These loans are right for those that need a bad credit loan fast. A short-term business loan in the form of a merchant cash advance is most likely just what you need. These loans, which usually range from four to eighteen months, have a fixed cost of capital. Repayments can be made either daily or weekly. Loan payments made daily are Monday – Friday. Merchant cash advances ordinarily have in between 20 and 22 payments each month.
Some Businesses We Coordinate With
Short term business loans bad credit is offered to a myriad of company niches. At First Choice, we have worked with almost every kind of company. Here are just a few we have worked with: Automotive/Mechanic Repair Shops, Wrecking and Demolition, Car or truck 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. Business loans with bad credit can be had by these companies and many more. If you meet the criteria we discussed previously, First Capital can work with you.
States We Do Business In
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.
Only Partner With Highly Regarded Bad Credit Business Loan Brokers
There are dishonest companies in this industry, preying on those looking for bad credit small business loans. Given this, it is vital to ensure that you only deal with reputable brokers. Perform your due diligence while you wade through the loan possibilities that are readily available. It is unfortunate when a borrower is declined because an agent provided erroneous info to a lender. A dependable brokerage understands the underwriting process.
They have considerable know-how about the lenders at their disposal. When brokerage houses can syndicate, they may have the capacity to secure 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 legitimate alternate financing 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 mess up our client’s credit further.
Got Bad Credit Business Loan Needs? Call Us!
It takes a long time for your credit score to improve. Why delay? You do not need to put up your personal things as collateral, and you do not need good credit. This is a business opportunity that is just way too good to pass up. It is a simple, one-page application. Fill it out online or call us today!