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!
Get A Business Loan With Bad Credit In Houston, TX
Are you trying to find bad credit business loans in Houston? Well, if you want a fast and hassle-free solution, you’re at the right place! First Choice Business Capital can actually help you fund your business starting with an approval as soon as today!
Here at First Choice, we understand the frustration that getting denied for business loans (from traditional banks) can cause and we strive to make your experience with us a pleasant one. We have many money options available for any type of company, regardless of a bad credit history; and the approval process is fast as well, 24 hours in most cases!
Here’s The Deal When It Comes to Getting A Business Loan With Bad Credit
If you’re like most, chances are you are stressed out from being denied from the banks, but rest assured as we can help. You may be shocked to learn that only 30 percent of businesses qualify for a bank loan – which means you are not alone! Banks deny loans for many reasons. A company could have tax liens or judgments against their business. It is not unusual for businesses with bad credit to easily give up after they are declined for a bank loan. However, that could be crucial if you are in a bad situation and need funding immediately.
Working capital is the foundation on which a company operates. Obviously a business can not keep its doors open without a good and steady cash flow. The economy collapsed many years ago, in 2008; and ever since then, it has become exceedingly tough for companies to secure any type of business loan from the banks. Regulations put into effect after that time have cut access to capital for a considerable amount of companies. Interestingly enough, it is not just the large corporations suffering the brunt of these new laws. They new regulations apply to small and medium-sized entities as well. This means that those business operations with under 50 employees are the ones that are most affected.
While these new guidelines are a step in the wrong direction, it has thankfully opened up a new market for those specializing in alternative funding options like First Choice Business Capital. Business cash advances and high-risk financial institutions such as First Choice Business Capital are readily available to provide you with a quick no-nonsense financing approach, which gets you quick approvals for your business loan. No matter what you may have heard, you can be certain that there are other options readily available for businesses besides traditional bank loans when your credit history is an issue.
Bad Credit Business Loan Options In Houston, TX
Most companies are not aware of the viable solutions available to them when it comes to bad credit business loans. You can even get unsecured short-term business loans with bad credit. That’s right, you can get business loans even with inadequate credit; so rest assured unsecured short-term loan options do exist for companies when you find yourself in a bad situation financially. In fact, you can get approved for business loans with poor credit as soon as tomorrow.
First Choice Business Capital not only delivers you the funding you need, but also provides bad credit business loans fast. Often times, funding occurs in as little as 24 hours. You can be putting that money to work a lot quicker than you ever thought possible. Yup! We realize that when a business needs working capital, they need it as soon as possible. First Choice understands this need, which is why we use a simple approval process. So, Remember… small business loans bad credit? No problem!
Business Cash Advance, Unsecured Loans, and Short-Term Loans
Business loans such as cash advances, short-term and unsecured also known as “alternative lending” is often referred to as a merchant cash advance, also known as (MCA). When conservative loan options do not work due to bad credit, these alternate poor credit business loans can be a life saver for a company in dire need of funding. In addition, collateral is not mandated for a business cash advance, which makes it easier than ever to qualify. Plus, there are financing options for all types of companies; so no matter what business sector you are in, we can definitely help. You should know that we do not do start-up loans. You have to have a business that has been operating for a minimum of at least three months. Aside from that, we just need to see that you are depositing a minimum of 8-10 thousand dollars for each of the past three successive months.
Perks of Merchant Cash Advance
Applying for a merchant cash advance definitely has its perks. There are quite a few benefits to MCAs. For one, these loans are funded much faster than those from traditional banks. Typically, these loans get approved in only 24 hours; and the loan approval process is very easy as well. First Choice Business Capital can proudly claim an approval rate of over 90 percent, which guarantees you have much better chances of being approved than at a bank!
Also, you won’t have to wait long for your cash once you are approved. These loans are generally paid out in less than four business days, which is also way faster than a bank. All you need to do is complete is a simple one-page application form. You should also be prepared to provide the last three – six months of business bank statements.
When a business needs a poor credit loan fast, a merchant cash advance is the best type of business loan they should seek. Merchant cash advances are short-term business loans, which means they frequently run from 4-18 months and these loans have a fixed cost of capital. The 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.
What Kind of Businesses Do We Work With?
Short-term business loans for bad credit are available to a large range of businesses. Small, medium and large business qualify for unsecured short-term loans. Here are just a few we have worked with:
Beauty Shops, Tire Shops, Carpentry, Construction, Masonry and Stonework, Driveway and Parking Pavement, HVAC, Gasoline Service Stations, General Building Contractors, Automotive/Mechanic Repair Shops, Wrecking and Demolition companies, Vehicle Body Repair and Painting, Home Health Services, Interior Decorators, Pest Control, Nightclubs and Restaurants, Rigging and Scaffolding, Water Well Drilling and Trucking. These industries and more are qualified for business loans with bad credit. First Choice can help any business that meets the requirements and has credit woes.
States We Team Up With
Merchant cash advances are also available 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.
Seeking Out a Legitimate Loan Provider For Bad Credit Business Loans
It’s no secret, there are dishonest companies in this industry, preying on those looking for bad credit small business loans. Considering this, it is essential to ensure that you only deal with reputable brokers such as First Choice Business Capital.
You should be careful, as wading through all the different lending institutions can be a little bit tricky. It is unfortunate when a potential borrower is declined because a broker simply provided inaccurate information to a lender. A respectable brokerage house should have extensive knowledge of the industry to say the least. They should know the best way to get businesses financed by the lenders available to them, and they should have clear knowledge of the process.
You should also know that some brokerage houses can and should syndicate offers, which can raise the total approval amounts for you. Also, an experienced broker should prevent your deal from getting submitted to multiple lenders at all costs. Deals that are “shopped” to multiple lenders can really hurt the borrower’s credit score, which is why it is absolutely necessary that you work with an alternative lending company like First Choice Business Capital for your business loans when you’re credit rating is short of stellar.
If You Need a Bad Credit Business Loan, Call Us Without Delay
Did you know… you do not have to wait until after your credit score is better to get a loan? Getting alternate funding is a real business opportunity for you. Better yet, you don’t have to forfeit your personal belongings or property to use as collateral for a business loan with us. Change the direction of your business by consulting with us now!
First Choice Business Capital
Houston, TX, United States
Communities we serve:
77036, 77072, 77077, 77081, 77080, 77099, 77057, 77009, 77055, 77074, 77075, 77035, 77042, 77087, 77004, 77034, 77063, 77076, 77082, 77092, 77096, 77339, 77007, 77008, 77017, 77045, 77079, 77088, 77022, 77023, 77060, 77016, 77033, 77053, 77018, 77020, 77021, 77025, 77061, 77062, 77093, 77345, 77026, 77043, 77054, 77089, 77091, 77012, 77024, 77071, 77006, 77011, 77019, 77040, 77056, 77002, 77013, 77028, 77085, 77489, 77015, 77027, 77031, 77047, 77048, 77051, 77059, 77078, 77084, 77098, 77003, 77005, 77030, 77598, 77041, 77044, 77058, 77067, 77029, 77037, 77070, 77396, 77049, 77090, 77336, 77450, 77032, 77038, 77046, 77050, 77064, 77065, 77073, 77083, 77086, 77338, 77477, 77494, 77504, 77010, 77014, 77039, 77066, 77068, 77069, 77094, 77095, 77097, 77201, 77346, 77357, 77365, 77373, 77375, 77377, 77379, 77386, 77388, 77401, 77406, 77407, 77429, 77433, 77447, 77449, 77478, 77484, 77493, 77498, 77503, 77506, 77520, 77530, 77532, 77536, 77546, 77547, 77571, 77587, 77204, 77209, 77212, 77216, 77297, 77298, 77299, 77001, 77052, 77202, 77203, 77205, 77206, 77207, 77208, 77210, 77213, 77215, 77217, 77218, 77219, 77220, 77221, 77222, 77223, 77224, 77225, 77226, 77227, 77228, 77229, 77230, 77231, 77233, 77234, 77235, 77236, 77237, 77238, 77240, 77241, 77242, 77243, 77244, 77245, 77246, 77247, 77248, 77249, 77250, 77251, 77252, 77253, 77254, 77255, 77256, 77257, 77258, 77259, 77260, 77261, 77262, 77263, 77265, 77266, 77267, 77268, 77269, 77270, 77271, 77272, 77273, 77274, 77275, 77276, 77277, 77278, 77279, 77280, 77282, 77284, 77285, 77286, 77287, 77288, 77289, 77290, 77291, 77292, 77293, 77294, 77296