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!
You Can Get a Business Loan in Longview, TX, With Bad Credit
Bad credit business loans are not a fallacy. At First Choice Business Capital, we can help you get the loan you really need in Longview, TX. We know it can be so frustrating trying to get a traditional loan from a bank when your credit score is substandard.
The Facts About Acquiring a Business Loan 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 for business loans with bad credit! Businesses with bad credit get denied for loans more often than not, because bad credit can be the main reason for many denials. Also, a company may have a court judgment against them, or there may be tax lien issues. Being turned down by a bank is often disheartening, and many businesses simply give up after hearing “no.”
A business naturally cannot keep its doors open without a cash flow. The economy collapsed in 2008 and ever since then, it has become very hard for companies to secure loans.From that time on, gaining access to capital has become a challenge caused by 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 finance companies to step in to provide much-needed options.There are solutions for business cash advances from financial institutions like First Choice Business Capital. We provide practical finances and offer a quick approval process.
Business Loan Options Bad Credit in Longview, TX
It is a pity that many folks do not know their options. Unsecured short-term loans are accessible to businesses much like yours! It’s possible you are troubled because you have no collateral and negative credit. Yes, you can get business loans with subpar credit. Business loans for bad credit are our field of know-how! 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 bad credit with the options we offer. Small business loans bad credit? Nothing to it at all! Yup! When a business needs working capital, they need it now. First Choice understands this need and offers simple approvals.
Business Cash Advances, Short-Term Loans and Unsecured Loans
These types of offerings are known as a merchant cash advance (MCA). These business loans are sometimes the only factor standing between a company continuing to be open or closing for good. For companies that have been turned down for a business loan by a bank, these particular poor credit business loans offer an amazing opportunity to get funding. Since collateral is not required for a business cash advance, it is easier than ever to qualify. There are funding options for all sorts of companies; so no matter what business sector you are in, we can help. The only qualifying criteria 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 Advances Perks
MCAs offer several advantages to all types of companies like yours. For one, these loans are funded more quickly than those from traditional banks. Actually, most of these loans are approved in 24 hours. The loan procedure is pain-free, too. All that is required to be submitted is one simple page. You should also be prepared to produce the last six months of business bank statements. 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 merchant cash advance is a short-term business loan that can get you working again. These loans are generally paid back in fewer than 18 months, some as little as four months. Loan repayments are made daily from Monday to Friday. Merchant cash advances usually have in between 20 and 22 payments each month.
We Team Up with Many Businesses
Short term business loans bad credit is offered to a myriad of company niches. At First Choice, we have worked with almost every kind of company. The list below is a small number of the types of businesses we want to hear from: Automotive/Mechanic Repair Work Shops, Auto Body Repair and Painting, Cafes and Restaurants, Beauty Shops, Carpentry, Building, Driveway and Parking Pavement, Fuel Service Stations, General Building Contractors, Home Health Providers, HVAC, Interior Decorators, Brickwork and Stone, Pest Control, Rigging and Scaffolding, Tire Shops, Transportation, Water Well Drilling, Wrecking and Demolition companies and more. Business loans with bad credit can be had by these companies and many more. First Choice can help any business that meets the qualifying criteria and has credit woes.
States We Deal with
Merchant cash advances are readily available to business entities in the following states: 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.
Only Deal with Highly Regarded Bad Credit Business Loan Brokers
It is critical to simply work with reputable suppliers when trying to get bad credit small business loans. There are several different lending institutions, so you have to navigate carefully. It is unfortunate when a borrower is declined caused by an agent providing inaccurate data to a lender.
It is vital that the brokerage firm has an in-depth understanding of the underwriting process. They really should know their lenders well and have the ability 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. 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 Need Bad Credit Business Loans Fast, Call Us Now
It takes a long time for your credit score to improve. Why hold back? Keep your personal belongings – you don’t have to worry about not having enough collateral. It is a simple, one-page application. Fill it out online or call us today!
First Choice Business Capital
Longview, 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