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 Flower Mound, TX – Is it Really Achievable?
First Choice Business Capital can help you receive the bad credit business loans fast you require to keep your business in Flower Mound, TX, making money, even when you have bad credit.We have many finance options available for companies, regardless of a bad credit history. The approval process is fast as well, 24 hours in many cases!
What’s the Honest Truth About a Poor Credit Business Loan?
Studies have shown that approximately 70 percent of companies will not qualify for traditional bank loans. So if you have been denied, you may find yourself in the majority. Poor credit alone is one of the key reasons that banks deny business loans. There may also be other aspects at play, such as a tax lien against the company or a court judgement.We all know that without capital, a business will stagger. Keeping the doors to a business open needs money.
A business plainly cannot keep its doors open without a cash flow. The economy collapsed in 2008, and ever since then, it has become really tough for companies to secure loans.From that time on, gaining access to capital has become a challenge as a result of new regulations.To complicate matters, these regulations apply to “Mom and Pop” type operations that have less than 50 employees.
This situation is a burden to those needing funding, but it has opened the doors for alternate financial institutions to step in to provide much-needed programs. High-risk lenders like First Choice Business Capital are able to provide quick approvals and no-nonsense funding solutions.By using the different money options available, it is true that a business with bad credit can get finances.
Options Are Available in Flower Mound, TX, for Bad Credit Business Loans
It could be that you are one of the businesses that are not aware that short-term loan possibilities are offered. But the good news is, they actually are – and the best part is, they are unsecured! Yes, you can get business loans bad credit. Business loans for bad credit are our field of knowledge! Less than excellent credit does not equal a denial, since we provide business loans with poor credit. Many different types of companies can get business loans with bad credit with the options we offer. Small business loans bad credit – really? Yes, you’re really not dreaming! Yup! When a business needs working capital, they need it now. First Choice understands this need and offers swift approvals.
Unsecured Loans, Short-Term Loans & Business Cash Advances
Merchant cash advances such as this are also referred to as an MCA. When conservative options do not work due to lack of great credit, these business loans can be an excellent chance for a company in terrible need of finance. 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 in service for three months minimum and that you transfer between 8-10 thousand dollars monthly.
Merchant Cash Advantage Perks
Applying for a merchant cash advance clearly has its perks. There are quite a few advantages to MCAs. A big advantage of this type of loan is that it can be funded in a fraction of the time of a traditional banking loan. An estimate of 90 percent of these loans are approved. Lastly, these loans are generally funded in 48-96 hours after approval. The loan procedure is pain-free, too. All that is needed to be submitted is one simple page and you will also need to provide bank statements from the last six months. That is all we need to begin the approval process on your loan.
These loans are best for those that need a bad credit loan fast. When your business is stalling 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. 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.
Some Businesses We Collaborate with
Short term business loans bad credit is offered to a myriad of company niches. At First Choice, we have helped almost every kind of company. Here are just a few we have worked with: Home Health Services, HVAC System, 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. These marketplaces and more are suitable for a poor credit business loan. 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 easily available to business organizations in the following states: 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 Credible Finance Broker of Poor Credit Business Loans
For companies with poor credit looking to acquire business loans, always check the reputation of the agent. Perform your due diligence while you wade through the loan possibilities that are readily available. There are also times when borrowers are turned down because the brokers provide the wrong information to would-be lenders.
It is important that the brokerage firm has an in-depth understanding of the underwriting process. They should really know their lenders well and have the opportunity to guide the borrower through the process. You will also want to ensure the brokerage firm is not showing 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. You really want to choose a reputable company like First Choice Business Capital to make certain this does not happen.
Got Bad Credit Business Loan Needs? Call Us!
You do not have to wait until after your credit score is better to get a loan. Also, 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. Change the direction of your business by getting in touch with us now!
First Choice Business Capital
Flower Mound, 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