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!
A Business Loan With Bad Credit in Springfield, OR – Is it Really Achievable?
If you are aiming to get a business loan in Springfield, OR, First Choice Business Capital can help. We understand that having a less than stellar credit score can hamper your chances for a business loan from traditional banks.
What You Should Understand About Getting Bad Credit Business Loans
You are very likely quite desperate and discouraged from being denied, but we can help.We pride ourselves in helping companies get the funds they need regardless of what your credit history looks like, and we have many options that we can offer. Poor credit alone is one of the leading reasons that banks deny business loans. There may also be other variables at play, such as a tax lien against the company or a court judgment.
Working capital is the foundation on which a company operates. A business certainly can not keep its doors open without a cash flow. The economy collapsed in 2008 and ever since then, it has become very tricky for companies to secure 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. At First Choice Capital, we focus in high-risk funding for those businesses that are affected by these regulations. Loan options for businesses with bad credit is not just a pipe dream. With alternative lending alternatives available, it is evident.
Springfield, OR, Bad Credit Business Loan Options
It is a pity that many individuals do not know their options. Unsecured short-term loans are attainable to businesses much like yours! It’s possible you are concerned because you have no collateral and horrible credit. Even with bad credit and no collateral, businesses can acquire loans. These business loans for bad credit are not just for certain types of companies, either. Business loans bad credit are provided for all sorts of businesses. Do you need small business loans bad credit? Don’t worry at all! First Choice knows that businesses in need require money now, so we pride ourselves on a high approval percentage that occurs quite quickly.
Business Cash Advances, Unsecured Loans and Short-Term 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 remaining open or closing for good. Poor credit business loans are a true lifesaver for those companies that have been turned down by banking organizations because of their credit score. You do not even really need collateral in order to qualify for an MCA. This makes the approval procedure even easier! We only require that your business has been operable for three months minimum and that you transfer between 8-10 thousand dollars monthly.
Merchant Cash Advances Strengths
Merchant cash advances offer many perks to all kinds of companies. For one, these loans are funded much more quickly than those from traditional banks. As a matter of fact, most of these loans are approved in 24 hours. The approval rate for these loans is incredible. 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 an extended loan process, either. You will also need to provide bank statements from the last six months. This is what is needed to get you approved quickly.
A merchant cash advance is an excellent solution for companies that need cash quickly. A short-term business loan in the form of a merchant cash advance is probably just what you need. These loans, which usually range from 4 to 18 months, have a fixed cost of capital. An MCA can be paid possibly by the day or week. 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 Coordinate with All Types of Companies
Short term business loans bad credit can be acquired by many types of businesses. A merchant cash advance company like First Choice will not discriminate based on business type. Here are just a few we have worked with: Home Health Providers, HVAC, 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, Clubs and Restaurants, Beauty Shops, Carpentry, Construction, Driveway and Parking Pavement, Gasoline Service Stations and General Building Contractors. Business loans with bad credit can be had by these companies and many more. As you discovered before, the application process is easy and the criteria minimal. If you have credit troubles affecting your ability to obtain a loan, First Capital can help.
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.
Working With a Professional Finance Broker of Business Loans for Awful Credit
When seeking to get bad credit small business loans, be certain that you are working with a respectable broker. Not all them will have your best interest at heart. Borrowers have accidentally been declined in the past due to erroneous information being given by intermediaries to their lender of choice. A trustworthy brokerage understands the underwriting process.
They have considerable expertise about the lenders at their disposal. When brokerage houses can syndicate, they may have the opportunity 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 trusted alternate financial 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 damage 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. You do not need to put up your personal possessions 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 that you can fill out online or call us today!