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 With Bad Credit is Possible in Eugene, OR
First Choice Business Capital can help you secure the bad credit business loans you need to keep your business in Eugene, OR, profitable, despite the fact that you have bad credit.We have many loan options available for companies, regardless of a bad credit history. The approval process is fast as well, 24 hours in many cases!
How To Qualify For Business Loans With Bad Credit?
You are very likely quite desperate and discouraged from being denied, but we can help. Banks deny loans to companies with bad credit for a vast range of reasons. It is true that one of the main reasons that denials occur is just simply when a business has bad credit. Once a business gets refused for a loan, they often give up all hope for funding.
A business must have capital in order to stay profitable. When the market tanked in 2008, businesses suffered. Since then, getting a bank loan has become much more tricky.From that time on, gaining access to capital has become a problem because of the new regulations.To complicate matters, these regulations apply to “Mom and Pop” type operations that have less than 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. If you are interested in a loan solution that does not take the traditional route, a high-risk lender like First Choice Business Capital can provide the money you need, faster than you ever thought possible. No matter what you may have heard, it is certain that there are other options offered for businesses besides conventional banks when credit is an issue.
Eugene, OR, Bad Credit Business Loan Options
Most companies are not acutely aware of the choices accessible to them. Even unsecured business loans bad credit are attainable. Unsecured short-term loan options do exist for companies in your position! Loans are easily available, even with no collateral and negative credit. Furthermore, First Choice Business Capital usually funds loans within 24 hours. Yes, just 1 day! It is also true that you can get bad credit business loans fast. When a business needs working capital, they need it now. First Choice understands this need and offers easy approvals.
Business Cash Advances, Short-Term Loans and Unsecured Loans
Alternate lending such as these are often referred to as a merchant cash advance, or MCA. When a traditional bank turns down business loans for bad credit, these can offer the money required to stay functioning. You do not even really need collateral in order to qualify for an MCA. We offer custom lending for businesses in all types of industries. If you have deposited roughly 8-10 thousand dollars pretty much every month for the last three months, and have been in service for at least that amount of time, we can assist you!
What Are the Perks of Merchant Cash Advances?
There are quite a few advantages to MCAs. For one, these loans are funded much more quickly than those from traditional banks. Actually, most of these loans are approved in 24 hours. We can proudly claim an approval rate of over 90 percent, which guarantees 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. You will also need to provide bank statements from the last six months. With this important information, we can work on approving you very fast.
If you need a bad credit business loan right away, a merchant cash advance could be just the solution you are looking for. 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 4-18 months. Repayments are each business day. With an MCA, there are usually 20-22 payments each month.
We Consult with All Types of Companies
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. The list below is a sprinkling of the types of businesses we want to hear from: Home Health Services, Heating and Cooling, 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 sectors and more are suited for business loans with poor credit. First Choice partners with any company that is suffering due to bad credit and meets the minimal criteria set forth earlier.
States We Can Really Help!
If your business is in one of the following states, we may be able to help you with a cash advance: Alaska, Alabama, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Illinois, Idaho, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nevada, Nebraska, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wyoming and Wisconsin.
Only Team Up with Reliable Bad Credit Business Loan Brokers
There are unethical companies in this industry, preying on those looking for small business loans bad credit. Given this, it is imperative to ensure that you only deal with reputable brokers. Not all them will have your best interest at heart. There are also times when borrowers are turned down because the brokers provide the wrong information to potential lenders A good brokerage understands the underwriting process. They have considerable expertise about the lenders at their disposal.
Brokers may also be able to syndicate deals, meaning more funding for your company. That being said, you want to make certain your loan application is not shopped around. When your credit rating is below average, the very last thing you would like is it being lowered even more because of your broker’s activities. When an application is shopped around, it can damage your credit score even more. Choosing a trustworthy alternative lending organization like First Choice Business Capital will protect you from this.
Got Bad Credit Business Loan Needs? Call Us!
It is not important for you to hold back on everything until your score improves to apply for poor credit business loans. 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. Call us now or submit the short online application to get the process started right now!