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 Killeen, TX – Is it Really Achievable?
Are you trying to find bad credit business loans in Killeen, TX? If you want an instantaneous and hassle-free approach, 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.
What Are the Real Facts About Getting a Business Loan With Bad Credit?
Traditional banks often refuse funds to businesses that do not have good credit, which causes much frustration to the owners. 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.
If you think that you are alone in this circumstance, you may be surprised to know that you are not. Recent studies have even shown that under a third of businesses could be approved for a loan from a traditional banking institution. Ever since the financial recession of 2008, gaining access to capital has become a problem because of new regulations. To complicate matters, these regulations apply to “Mom and Pop” type operations that have less than 50 employees.
At First Choice Capital, we focus in high-risk funding for those businesses that are affected by these regulations. Loan options for businesses with bad credit is not just a pipe dream. By using the different capital options available, it is true that a business with bad credit can get finances.
Business Loan Options Bad Credit in Killeen, TX
It could be that 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 position! Yes, you can get business loans with subpar credit. Business loans for bad credit are our field of concentration! Less than excellent credit does not equal a denial, since we provide business loans with poor credit. Business loans bad credit are provided for all sorts of businesses. Do you need small business loans bad credit? No worry at all! First Choice understands this. We take pride in helping you solve your financial predicament as quickly as possible, and we possess a high approval rate as well.
Short-Term Loans and Business Cash Advances
Merchant cash advances such as these are also referred to as an 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 funding. These alternative loan solutions are even easier to qualify for since no collateral is involved. This makes the approval procedure even easier! The only requirements we need is for your business to be older than three months and that you routinely deposit at least eight thousand dollars every month.
Merchant Cash Advantage Perks
MCAs offer several positive aspects to all kinds of companies like yours.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. The approval rate for these loans is amazing. In fact, over 90 percent of applications are approved!
Do you know what’s the best part? Immediately after your loan is approved, you will have the cash you need within 48-96 hours. You do not have to go through a drawn-out 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 ideal solution for companies that need cash quick. When your business is halting 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. Loan payments are made daily with the exception of Saturday and Sunday. Each month, there are customarily 20 to 22 payments for a merchant cash advance.
Some Businesses We Consult with
All sorts of companies can get short term business loans bad credit. First Choice loves to help all kinds of companies. Here are just a few we have worked with: Beauty Shops, Tire Shops, Carpentry, Construction, Masonry and Stonework, Driveway and Parking Pavement, HVAC System, Gasoline Service Stations, General Building Contractors, Automotive/Mechanic Repair Shops, Wrecking and Demolition companies, Automobile Body Repair and Painting, Home Health Services, Interior Decorators, Pest Control, Pubs and Restaurants, Rigging and Scaffolding, Water Well Drilling and Trucking. These sectors and more are suitable for business loans with bad credit. First Choice deals with any company that is suffering due to bad credit and meets the minimal criteria set forth earlier.
Are You in One of These States? We Can Help!
Merchant cash advances are readily available to business entities 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.
Only Consult with Highly Regarded Bad Credit Business Loan Brokers
There are unethical companies in this industry, preying on those looking for bad credit small business loans. Due to this, it is vital to ensure that you only deal with reputable brokers. There are numerous different lending institutions, so you have to navigate carefully. Borrowers are sometimes declined because the wrong information is provided to lending institutions by the brokerage firm. A reliable brokerage understands the underwriting process. They have considerable know-how about the lenders at their disposal.
Brokers may also be able to syndicate deals, meaning more funding for your company. That being said, you want to ensure that your loan application is not shopped around. When your credit rating is substandard, the very last thing you would like is it being lowered even more because of your broker’s activities. Deals that are sent in tandem like this can make your credit score take a plunge even further. You do not want this to happen, particularly when a low credit score is why you are shopping for alternative lending in the first place. Selecting a credible lending house like First Choice Business Capital will save you this heartache.
If You Need a Bad Credit Business Loan, Call Us As Soon As Possible
It takes a long time for your credit score to improve. So why wait any longer for bad credit business loans fast? 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. Call us right now or submit the short online application to get the process started right now!
First Choice Business Capital
Killeen, TX, United States
Communities we serve:
76549, 76542, 76543, 76541, 76544, 76548, 76571, 76545, 76546, 76540, 76547