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 Medford, OR, With Bad Credit is Possible!
Bad credit business loans are achievable when you find the right loan broker. At First Choice Business Capital, we can help you get the finances you are in need of in Medford, OR. We understand that having a less than stellar credit score can hamper your chances for a business loan from traditional banks.
Here’s The Bottom Line About Business Loans With Poor Credit
Studies have shown that approximately 70 percent of companies will not qualify for traditional bank loans. So if you have been denied, you could find yourself in the majority. We pride ourselves in really helping companies get the funds they need regardless of what your credit history looks like, and we have many alternatives that we can provide.Banks deny loans to companies with bad credit for a variety of reasons. It is true that one of the main reasons that refusals occur is just simply when a business has bad credit.
Once a bank turns down a loan, the business often gives up the search for funds. Even so, there are other options.Working capital is the foundation on which a company operates.There are new rules in place as well that make the task even more challenging than it was before the collapse.They apply to small and medium-sized entities. This means that those companies with no more than 50 employees are the ones affected.
While this is a step in the wrong direction, it has opened up a new market for those specializing in alternative funding options.High-risk lenders like First Choice Business Capital are able to provide quick approvals and no-nonsense funding solutions.By taking advantage of the different financing options available, it is true that a business with bad credit can get funding.
Bad Credit Business Loan Options in Medford, OR
Unsecured short-term loans are attainable to businesses similar to yours! Perhaps you are nervous because you have no collateral and horrible credit. Yes, you can get business loans with subpar credit. Business loans for bad credit are our area of expertise! You can get approved for the poor credit business loans you need, as quickly as tomorrow. Business loans bad credit are provided for all sorts of businesses. 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 pride in helping you solve your financial dilemma as quickly as possible, and we possess a high approval rate as well.
Business Cash Advances, Short-Term Loans and Unsecured Loans
These types of offerings are known as a merchant cash advance (MCA). These business loans are sometimes the only factor standing between a company continuing to be open or closing for good. When conservative options do not work due to lack of great credit, these types of business loans can be a great option for a company in terrible need of cash. Since collateral is not needed for a business cash advance, it is easier than ever to qualify. We offer custom loans for businesses in all types of industries. We do not provide start-up loans, so you must absolutely have a business that has been functioning for a minimum of three months. Apart from that, we will definitely need to see that you deposit a minimum of eight thousand dollars for the past three successive months.
Perks of Merchant Cash Advances
There are quite a couple of advantages to MCAs. A top example of one of these benefits is how quickly a merchant cash advance is financed. Where traditional banks can take a long time, an MCA can possibly be approved and paid in only a fraction of the time. You can be approved for this type of loan in only one day.
The approval rate for these loans is extraordinary. In fact, over 90 percent of applications are approved!Do you want to know the best part? The moment you are approved, you will have the cash you need within 48-96 hours. You do not have to go through a time-consuming loan process, either. 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 most ideal for those that need a bad credit loan fast. A merchant cash advance is a short-term business loan that can get you operating again. These loans are generally paid back in fewer than 18 months, to 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.
We Consult with Many Businesses
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 smattering of the types of businesses we want to hear from: Home Health Services, HVAC SYSTEM, 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. Any of these companies and many more can get business loans with bad credit. As you discovered before, the application process is easy and the criteria minimal. If you have credit difficulties affecting your ability to obtain a loan, First Capital can help.
States We Do Business In
If your business is in one of the following states, we may be able to help you with a cash advance: 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 Respectable Bad Credit Business Loan Brokers
There are dishonest companies in this industry, preying on those looking for bad credit small business loans. Considering this, it is essential 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 would-be lenders. First rate brokers know financing and the underwriting process well. They recognize what it requires to get business loans.
The amount of the credit could also be raised if the brokerage house knows how to syndicate the transaction. When brokerage houses can syndicate, they may manage to secure additional 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 good 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 sabotage our client’s credit further.
If You Are In Need of a Bad Credit Business Loan, Do Not Delay – Contact Us Today!
You do not have to wait until after your credit score is better to get bad credit business loans fast. This is an amazing business opportunity. Keep your personal belongings – you don’t have to worry about not having enough collateral. 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!