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 Amarillo, TX, If I Have Bad Credit?
Are you hunting for bad credit business loans in Amarillo, TX? If you want an immediate and hassle-free remedy, First Choice Business Capital can really help you today! Here at First Choice, we understand the distress and aggravation that getting denied for loans from traditional banks can cause.
The Facts About Getting a Business Loan With Bad Credit
The majority of companies today do not qualify for bank loans. In fact, studies have shown that only 30 percent of businesses would get approved! Getting denied is demoralizing, and many companies surrender their hopes for a loan once the bank denies them. The core of every business is its capital.This is quite the dilemma, yet it has opened the market up for different lending options.
When a company does not have accessibility to cash, they are not going to be able to stay in business for long at all. In 2008, the economic situation dropped, and ever since even those companies that are successful have had a hard time securing bank loans.New regulations enforced after the economic crash has made getting capital near impossible.To complicate matters, these regulations apply to “Mom and Pop” type operations that have less than 50 employees.
High-risk lenders like First Choice Business Capital are able to provide quick approvals and no-nonsense funding solutions.We pride ourselves in helping companies get the business loans with poor credit they need regardless of what your credit history looks like, and we have many options that we can offer.
Business Loan Options Bad Credit in Amarillo, TX
It is a pity that many folks do not know their options. Unsecured short-term loans are readily available to businesses the same as yours! It could be that you are nervous because you have no collateral and poor credit. Even with bad credit and no collateral, businesses can receive loans. Some alternative finance companies offer bad credit business loans fast, like First Choice Business Capital, which is honored to offer loans in just 24 hours in many cases. Looking for small business loans bad credit? First Choice knows that businesses in need require backing now, so we pride ourselves on a high approval percentage that occurs quite quickly.
Short-Term Loans and Business Cash Advances
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. We offer custom loans for businesses in all types of industries. 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 Benefits
Applying for a merchant cash advance most definitely has its perks. One of the most significant advantages of business loans for bad credit of this sort is how quickly it is funded; it is incredibly fast in comparison to a loan from a bank. The majority of loans of this type are approved within as little as one day. The approval rate for these loans is incredible. In fact, over 90 percent of applications are approved! The best part? Immediately after the loan is approved, you will have the cash you need within 48-96 hours. You do not have to go through a very long loan process, either. The procedure to get approved is easy, too. The application form is only one page and have your business’s last six months of bank statements ready, too.
A merchant cash advance is an excellent solution for companies that need cash in a flash. When your business is slowing down 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. You can make your payments by the day or by the week. With an MCA, there are usually 20-22 payments each month and you can make loan payments on each business day.
We Deal 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. The following specialized niches are just some of the businesses we work 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 more company industries that can be serviced with business loans with bad credit. 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!
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 Team Up with Trusted Bad Credit Business Loan Brokers
There are shady companies in this industry, preying on those looking for business loans bad credit. Due to this, it is essential to ensure that you only deal with reputable brokers. There are plenty of different lending institutions, so you have to navigate carefully. It is unfortunate when a borrower is declined as a result of an agent providing wrong data to a lender. It is really important that the brokerage firm has an in-depth understanding of the underwriting process.
They must know their lenders well and have the opportunity to guide the borrower through the process. When brokerage houses can syndicate, they may have the ability 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. When an application is shopped around, it can damage your credit score even more. Choosing a trustworthy alternative lending company like First Choice Business Capital will protect you from this.
If You Need a Bad Credit Business Loan, Call Us Immediately
It is not important for you to lie in wait until your score improves to apply for a loan. Do you truly want to let this opportunity pass you by? The simple application can be filled in online right now, and brokers are anticipating your call. 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!
First Choice Business Capital
Amarillo, TX, United States
Communities we serve:
Dallas, Mesquite, Grand Prairie, Irving, Arlington, Garland, Richardson, Grapevine, Carrollton, Rowlett, Plano, Lewisville, Flower Mound, Allen, Fort Worth, Frisco, McKinney, Tyler, Longview, Wichita Falls, Abilene, Lubbock, Midland, Odessa, Amarillo, San Angelo, Waco