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!
Can I Get a Business Loan in Tigard, OR, if I Have Bad Credit?
Bad credit business loans really do exist. At First Choice Business Capital, we can help you get the finances you are in need of in Tigard, OR. We know it can be so frustrating trying to get a traditional loan from a bank when your credit score is substandard.
How To Get a Business Loans With Poor Credit?
If it looks like you are alone in this dilemma, you may be surprised to know that you are not. Recent studies have even shown that below a third of businesses could be approved for business loans bad credit from a traditional banking institution. 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.
Bad credit can be the main reason for many denials. There may also be other aspects at play, such as a tax lien against the company or a court judgment. Working capital is the foundation on which a company operates. When a company does not have convenient access to cash, they are not going to be able to stay in business for long at all. In 2008, the market caved in, and ever since even those companies that are successful have had a hard time securing bank loans.Regulations put in force after that time have cut availability to capital for a considerable amount of companies. Sadly, it is not the large corporations suffering the brunt of these new laws.To complicate matters, these regulations apply to “Mom and Pop” type operations that have less than 50 employees.
However, alternate financial institutions have stepped in to help solve this dilemma. High-risk lenders like First Choice Business Capital can absolutely provide quick approvals and no-nonsense funding solutions. By using the alternate financing options available, it is true that a business with bad credit can get finances.
Business Loan Options Bad Credit in Tigard, OR
Most companies are not alerted to the choices accessible to them. Even unsecured short term business loans bad credit are plausible. It’s possible you are nervous because you have no collateral and negative credit. However, there’s no need to worry because even with bad credit and no collateral, businesses can acquire loans. Furthermore, you can get bad credit business loans fast. With First Choice Business Capital, you can usually acquire loans within just one day! First Choice understands that a business cannot survive without cash flow. We take pride in helping you solve your financial emergency 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 loaning options, which are also referred to as merchant cash advances or MCAs. When conservative options do not work due to lack of great credit, these poor credit business loans can be an excellent business opportunity for a company in terrible need of finances. These alternative loan solutions are even easier to qualify for since no collateral is required. We offer custom lending for businesses in all types of industries. If you have deposited within 8 to 10 thousand dollars each month for the last three months, and have been in service for at least that amount of time, we can assist you!
Perks of Merchant Cash Advances
MCAs offer many advantages to all kinds of companies like yours. Applying for a merchant cash advance most certainly has its perks. 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 could be approved and paid in only a fraction of the time.
Just about 90 percent of these loans are approved. You will not need to wait long for your money, either; most loans are financed less than four days just after approval. You will have to provide bank statements from the last six months. This is everything that is needed to get you approved quickly. With this important information, we can work on approving you very fast.
If you need a bad credit business loan immediately, a merchant cash advance could be just the solution you are looking for. When your business is slowing caused by 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. Loan payments are made daily with the exception of Saturday and Sunday. Each month, there are customarily 20 to 22 payments for a merchant cash advance.
Some Businesses We Partner with
All sorts of companies can get small business loans bad credit. First Choice loves to help all kinds of companies. The list below is a few of the types of businesses we want to hear from: Home Health Services, Cooling and Heating, 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. Business loans with bad credit can be had by these companies and many more. First Choice can help any business that meets the qualifying criteria and has credit woes.
Are You in One of These States? We Can Help!
Merchant cash advances are offered 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 Reliable Financial Institution of Business Loans For Poor Credit
It is critical to simply work with reputable providers when trying to get bad credit small business loans. It can possibly be quite challenging determining which institution to go with, and there are a large number of. 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 trusted brokerage understands the underwriting process. They have considerable expertise about the lenders at their disposal. When brokerage houses can syndicate, they may have the capacity to secure much more money on the business loans for bad credit. What you do not want is for the broker to shop your deal around. It should not be submitted to many lenders. You really want to choose a reputable company like First Choice Business Capital to make certain this does not happen.
Get in Touch with Right Now for Your Bad Credit Business Loan
Why wait for your score to get better? This is a tremendous opportunity for your business to get the funds you need, now instead of later. Keep your personal belongings – you don’t have to worry about not having enough collateral. It is a simple, one-page application. Fill it out online or call us today!