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 Georgetown, TX, If I Have Bad Credit?
Are you searching for bad credit business loans in Georgetown, TX? If you want an immediate and hassle-free choice, First Choice Business Capital can assist you today! Here at First Choice, we understand the distress and annoyance that getting denied for loans from traditional banks can cause. Also, we understand that having a less than stellar credit score can hamper your chances for a business loan from traditional banks.
Here’s the Truth About Getting a Business Loan With Bad Credit
Studies have shown that approximately 70 percent of companies will not qualify for traditional bank loans. So if you have been denied, you’ll find yourself in the majority. We all know that without capital, a business will break.
A business naturally cannot keep its doors open without a cash flow. The economy collapsed in 2008 and ever since then, it has become really tricky for companies to secure loans.From that time on, gaining access to capital has become a problem as a result of new regulations. They apply to small and medium-sized entities. This means that those companies with no more than 50 employees are the ones affected.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 solution that does not take the traditional route, a high-risk lender like First Choice Business Capital can provide the funding you need, faster than you ever thought possible.
Options Are Available in Georgetown, TX, for a Bad Credit Business Loan
Most companies are not alerted of the choices accessible to them. Even unsecured short term business loans bad credit are entirely possible. Small, medium and even large companies can qualify for uncollateralized loans. Even with bad credit, it is feasible to get approved right away. Yes, you can get business loans with bad credit, since business loans for bad credit are our area of expertise! You can get approved for the business loans you need, as quickly as tomorrow. Many different types of companies can get business loans bad credit with the options we offer. It is also true that you can get bad credit business loans fast. With First Choice Business Capital, you can normally get financing within just one day! First Choice not only provides a high approval procedure but a simple one as well. We understand the dire need to obtain the working capital you need. We also understand that you need the money now, and pride ourselves in assisting you get financed as fast as possible.
Short-Term Loans and Business Cash Advances
Alternate lending such as these are often referred to as a merchant cash advance, or MCA. When conservative options do not work due to lack of great credit, these poor credit business loans can be a great business opportunity for a company in terrible need of money. You do not even really need collateral in order to qualify for an MCA. We offer custom loaning for businesses in all types of industries. We do not provide start-up loans, so you must definitely have a business that has been functioning for a minimum of three months. Aside from that, we would need to see that you deposit a minimum of eight thousand dollars for the past three successive months.
Merchant Cash Advantage Perks
Applying for a merchant cash advance undoubtedly has its perks. 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. In fact, over 90 percent of applications are approved! Do you know the best part? Immediately after you are approved, you will have the cash you need within 48-96 hours. You do not have to go through a time-consuming 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. That is all we need to begin the approval process on your loan.
These loans are right for those that need a bad credit loan fast. A short-term business loan in the form of a merchant cash advance is very likely 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 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 Deal with Many Businesses
Small 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: Automotive/Mechanic Repair Shops, Wrecking and Demolition, Car or truck Body Repair and Painting, Water Well Drilling, Clubs and Restaurants, Trucking, Beauty Shops, Tire Shops, Carpentry, Rigging and Scaffolding, Construction, Pest Control, Driveway and Parking Pavement, Brickwork and Stone, Gasoline Service Stations, Interior Decorators, General Building Contractors and Home Health Service providers. These markets and more are suited for business loans with poor credit. First Choice can help any business that meets the qualifying criteria and has credit woes.
States We Team Up with
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.
Seeking Out a Reliable Lending Institution of a Poor Credit Business Loan
For companies with poor credit looking to secure a bad credit small business loans, always check the reputation of the agent. 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. Borrowers have accidentally been declined in the past due to erroneous information being given by intermediaries to their lender of choice. It is imperative that the brokerage firm has an in-depth understanding of the underwriting process. They have to know their lenders well and have the ability to guide the borrower through the process.
When brokerage houses can syndicate, they may have the opportunity to secure a lot more money on the loan. What you do not want is for the broker to shop your deal around and it should not be submitted to many lenders. Choosing a credible alternative finance 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 tarnish our client’s credit further.
Call Us 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. You do not need to put up your personal belongings 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!