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 Dallas, TX – Is it Really Possible?
Are you hunting for bad credit business loans in Dallas, TX? If you want a swift and hassle-free answer, First Choice Business Capital can really help you today! Here at First Choice, we understand the irritation and annoyance that getting denied for loans from traditional banks can cause.
Traditional banks often say no to funds to businesses that do not have good credit, which causes much frustration entrepreneurs. We understand your pain. Regardless of a bad credit history, we have many business funding options available, such as cash advances, short-term loans and much more.
What You Need to Know About Business Loans 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! We pride ourselves in really helping companies get the funds they need regardless of what your credit history looks like, and we have many solutions that we can deliver.Poor credit alone is one of the key reasons that banks deny business loans.Also, a company may have a court judgment against them, or there may be tax lien issues.
Getting denied is frustrating, and many companies surrender their hopes for a loan once the bank denies them. When the market tanked in 2008, businesses suffered. Since then, getting a bank loan has become more difficult.New regulations implemented after the economic crash has made getting capital near impossible.The ones impacted are the small and medium-sized entities, those employing less than 50 workers. While this is a step in the wrong direction, it has opened up a new market for those specializing in alternative funding options.
If you are interested in a lending process that does not take the traditional route, a high-risk lender like First Choice Business Capital can provide the cash you need, faster than you ever thought possible.By taking advantage of the different capital options available, it is true that a business with bad credit can get loans.
Bad Credit Business Loan Options in Dallas, TX
Perhaps you are one of the businesses that are not aware that short-term loan alternatives are offered. Unsecured short-term loan options do exist for companies in your predicament! Loans are available in the market, even with no collateral and terrible credit. You can get approved for the business loans with poor credit you need, as quick as tomorrow. First Choice Business Capital cannot only give you the finances you need, but provide bad credit business loans fast. Many times, financing occurs in only 24 hours. You will be putting that money to work much faster than you ever thought conceivable! First Choice knows that businesses in need require loans now, so we pride ourselves on a high approval percentage that occurs quite quickly.
Business Cash Advances, Unsecured Loans and Short-Term Loans
You may have heard of these types of alternate loan options, which are also referred to as merchant cash advances or MCAs. For companies that have been turned down for a business loan by a bank, these kinds of business loans offer an amazing opportunity to get funding. These alternative loan solutions are even easier to qualify for since no collateral is involved. We provide loans for a variety of industries as well, so it is really possible we would be able to assist you. The only requirements we need is for your business to be older than three months and that you repeatedly deposit at least eight thousand dollars every month.
Merchant Cash Advantage Perks
MCAs offer many advantages to all kinds of companies like yours. Merchant cash advances offer many perks to all kinds of companies. For one, these business loans for bad credit are funded much quicker than those from traditional banks. Actually, most of these business loans bad credit are approved in 24 hours. The approval rate of these loans is enormous compared to typical bank loans as well. 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 often paid out in less than four business days, which is much faster than a bank. You will also need to provide bank statements from the last six months, so you can get approved quickly.
A merchant cash advance can be simply just what you need if you have been refused by your bank as a result of terrible credit. When your business is slowing as a result of a lack of cash flow, this short term business loans bad credit can get you the money you seriously need. These loans have a fixed capital cost and run from 4-18 months. Payment options are flexible for these loans, and they can be paid daily with the exception of Saturday and Sunday. Each month, there are customarily 20 to 22 payments for a merchant cash advance.
We Coordinate with All Types of Companies
All sorts of companies can get small business loans bad credit. First Choice loves to help all kinds of companies. Here is a sampling of the types of companies we deal with: Automotive/Mechanic Repair Work Shops, Auto Body Repair and Painting, Cafes and Restaurants, Beauty Shops, Carpentry, Building and construction, Driveway and Parking Pavement, Gas Service Stations, General Building Contractors, Home Health Solutions, HVAC, Interior Decorators, Brickwork and Stone, Pest Control, Rigging and Scaffolding, Tire Shops, Transportation, Water Well Drilling, Wrecking and Demolition companies and more. Poor credit business loans 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 difficulties 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: 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.
Choosing a Good Lending Institution For a Poor Credit Business Loan
There are unethical companies in this industry, preying on those looking for bad credit small business loans. Given this, it is vital to ensure that you only deal with reputable brokers. 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. There are also times when borrowers are turned down because the brokers provide the wrong information to potential lenders A dependable brokerage understands the underwriting process. They have substantial expertise about the lenders at their disposal.
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 adversely influenced when the application is shopped around to multiple lenders. When an application is shopped around, it can damage your credit score even more. Choosing a trustworthy alternative lending firm like First Choice Business Capital will protect you from this.
If You Are In Need of a Bad Credit Business Loan, Do Not Delay – Contact Us Today
It takes a long time for your credit score to improve. Why hang around? The simple application can be filled in online right now, and brokers are expecting your call. Call us now or fill in the short online application to get the process started right now!
First Choice Business Capital
Dallas, 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