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!
You Can Get a Business Loan With Bad Credit in Portland, OR
Are you trying to find business loans in Portland, OR? If you want a simple and hassle-free remedy, First Choice Business Capital can serve you today! Here at First Choice, we understand the distress and unnecessary aggravation that getting denied for loans from traditional banks can cause.We have many money options available for companies, regardless of a bad credit history. The approval process is fast as well, 24 hours in many cases!
Here’s The Scoop About A Business Loan With Bad Credit
The majority of companies today do not qualify for business loans with poor credit. In fact, studies have shown that only 30 percent of businesses would get approved! Loans are denied all of the time, and this can occur for many reasons. Unsatisfactory credit is often cited in these cases. Not to mention companies may also have a judgment or lien, which could hinder their acceptance for a bank loan.Once a bank turns down a loan, the business often gives up the search for capital. Still, there are other options.
Working capital is the foundation on which a company operates. So, when a company does not have effortless access to cash, they are not going to be able to stay in business for long. In 2008, the economic climate caved in, and ever since even those companies that are successful have had a hard time securing bank loans. There are new policies in place as well that make the procedure 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. However, the good news is that alternate loan companies have stepped in to help solve this dilemma. If you are interested in a lending solution that does not take the traditional route, a high-risk lender like First Choice Business Capital can provide the finances you need, faster than you ever thought possible. By making use of the different money options available, it is true that a business with bad credit can get loans.
Bad Credit Business Loans Options Available in Portland, OR
It is a pity that many folks do not know their options. Unsecured short-term loans are attainable to businesses the same as yours! It’s possible you are troubled because you have no collateral and poor credit. However, you can get business loans with subpar credit. Business loans for bad credit are our field of knowledge! These business loans with bad credit are not just for certain types of companies, either.
First Choice Business Capital ordinarily funds loans within 24 hours. Yes, just 1 day! First Choice not only provides a high approval procedure, but a simple one as well. We understand the dire need to obtain the working capital you need. We also understand that you need the money now, and pride ourselves in assisting you get financed as promptly as possible.
Short-Term Loans and Business Cash Advances
These types of offerings are known as a merchant cash advance (MCA). These poor credit business loans are sometimes the only factor standing between a company remaining open or closing for good. When conservative options do not work due to lack of great credit, these loans can be a terrific option for a company in terrible need of cash. You do not even really need collateral in order to qualify for an MCA. We provide loans for a variety of industries as well, so it is truly probable we would be able to assist you. We only require that your firm has been in business for three months minimum and that you transfer between eight to ten thousand dollars monthly.
Merchant Cash Advantage Perks
Merchant cash advances offer many conveniences to all kinds of companies. One of the leading advantages of a loan of this sort is how quickly it is funded; it is extraordinarily fast in comparison to a loan from a bank. Almost all loans of this type are approved within as little as one day. We can proudly claim an approval rate of over 90 percent, which implies 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 loan approval process is fast and easy as well. All you need to complete is a simple one-page application form. You should also be prepared to produce the last six months of business bank statements.We can work to approve your loan application when this important information is provided.
A merchant cash advance can be solely what you need if you have been declined by your bank as a result of terrible credit. These loans are considered short-term business loans. The loans have a fixed cost of capital. They usually are paid within four months to a year and a half. 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
All sorts of companies can get short term business loans bad credit. First Choice loves to help all kinds of companies. Here are just a few we have worked with: 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. There are much more company markets that can be serviced with bad credit business loans fast. If you meet the criteria we pointed out previously, First Capital can work with you.
States We Can Really Help!
Merchant cash advances are out there to business entities 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.
Picking a Dependable Lending Institution of Business Loans Bad Credit
For companies with substandard credit looking to get 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. It is unfortunate when a borrower is declined because an agent gave erroneous relevant information to a lender. A respectable brokerage house should have extensive knowledge of the industry. They should know the best ways to get businesses financed by the lenders available to them, and they should have a comprehensive knowledge of the process.
You will also want to ensure the brokerage firm is not introducing your deal to a wide variety of lending institutions. A borrower’s credit score can be detrimentally influenced when the application is shopped around to multiple lenders. Choosing a credible 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 ruin 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 small business loans bad credit. This is a business opportunity. The quick and easy application can be completed online right now, and brokers are expecting your call. It is a simple, one-page application. Fill it out online or call us today!
First Choice Business Capital
Portland, OR, United States
Communities we serve:
97206, 97202, 97219, 97236, 97266, 97211, 97217, 97203, 97213, 97220, 97230, 97233, 97212, 97214, 97215, 97201, 97216, 97209, 97218, 97239, 97232, 97210, 97221, 97205, 97229, 97227, 97204, 97223, 97231, 97035, 97086, 97222, 97034, 97080, 97224, 97225, 97258, 97267, 97299, 97251, 97252, 97253, 97254, 97255, 97256, 97259, 97271, 97272, 97207, 97208, 97228, 97238, 97240, 97242, 97268, 97269, 97280, 97281, 97282, 97283, 97286, 97290, 97291, 97292, 97293, 97294, 97296, 97298