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!
Bad Credit Business Loan In Pasadena, TX
First Choice Business Capital specializes in providing fast and hassle-free bad credit business loans in Pasadena, TX for all kinds of businesses with poor credit.
At First Choice, we realize how aggravating it can be if you have a bad credit score and you’ve been getting declined from conventional banks for funding. That’s the reason that we have committed ourselves to making business-funding solutions easily accessible to all types of companies regardless of a bad credit history.
Getting A Business Loan With Bad Credit
You might be surprised to know that the majority of companies today do not qualify for traditional bank loans. In fact, studies have shown that only 30 percent of businesses that apply get approved! That’s why at First Choice Business Capital, we pride ourselves in really helping companies get the funds they need regardless of what your credit history looks like, and we have many options – depending on your particular circumstances.
Bank loans are denied all of the time, and this occurs for many reasons. Imperfect credit is often cited as the most common reason. Although, there may also be other elements at play, such as a tax lien against the company or a court judgment. We all know that without steady working capital, a business will break. The reality is that keeping the doors to a business open simply demands capital at hand. Capital is the foundation on which to keep operating.
However, new regulations enforced after the economic crash of 2008 has made securing capital nearly impossible. To complicate matters, these regulations has severely affected the “Mom and Pop” type operations that have less than 50 employees. Although this situation is a major burden to those needing funding, you will be relieved to know that it has also opened the doors for alternative finance companies such as First Choice Business Capital to step in to provide much-needed loan solutions like business cash advances and short-term loans. We provide no-nonsense funding and offer a quick approval process.
We even provide 24-hour approvals in most cases! So now businesses with subprime credit can get the amount of money they want and quickly. When traditional routes fail, back-up loan companies like First Choice Business Capital can offer the assistance needed.
Bad Credit Business Loan Options In Baytown, TX
Are one of the businesses that are unaware that short-term loan options are available to you? Unsecured short-term loans are readily available to businesses that need funding, but find themselves getting denied from the bank! Perhaps, you’re concerned because you have no collateral and poor credit. However, you can feel relieved because you can now get business loans even if you have less than satisfactory credit.
Business loans for bad credit are our field of expertise and we do it everyday all day long! You should also know that these business loans for bad credit are not just for ”specific” types of companies, either. You’ll be happy to know that we service many different types in Pasadena. If you want a small business loan and you have bad credit – No worries, you can get it with First Choice Business Capital. First Choice understands your needs and we take pride in helping you solve your financial crisis as quickly as possible, and we have a high approval rate as well.
Short-Term Loans and Business Cash Advances
Unsecured loans, short-term loans and business cash advances are often referred to as a merchant cash advance, or MCA. These loans are perfect for companies that have been turned down for a business loan by the bank. Poor credit business loans offer an amazing opportunity to get funding when banks say no. Also, these alternative loan options are even easier to qualify for since no collateral is required. The only requirements needed is for your business to be older than three months, and that you are regularly depositing eight-ten thousand every month.
Merchant Cash Advances
Merchant cash advances offer many benefits as opposed to standard loans. For one, these loans are usually funded much faster than those from traditional banks. In many cases, these loans are approved in just 24 hours and the loan experience is pain-free, too. In fact, all that is entailed is submitting one simple application page. In addition you should also be prepared to produce the last three to six months of business bank statements. From there, we can work to approve your loan application the application and bank statements are provided.
A merchant cash advance can be all you need if you have been declined by a bank because of a poor credit history. These loans, which usually range from 4 to 18 months, have a fixed cost of capital. An MCA can be paid both by the day or week and daily payment loans are Monday– Friday. Finally, MCA loans have between 20-22 daily payments a month.
What Sort of Businesses Can we Consult With?
We work with small, medium and large business qualify for unsecured short-term loans. Short-term business loans with bad credit is available to a wide range of businesses and the following industries are just some of the businesses we work with:
Home Health Services, Heating and Air, 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.
There are many other business niches that we service for business loans with bad credit. Just remember, the application process is very easy and the criteria is minimal. If you have credit concerns affecting your ability to obtain a loan, Contact First Choice Business Capital.. We are more than happy to help.
What States We Partner With
Merchant cash advances are also obtainable 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.
Trustworthy Bad Credit Business Loan Company
If you’re looking to get bad credit small business loans, just be sure that you are dealing with a reliable loan broker. You should be careful though, as maneuvering through all the different lending institutions and programs can be a bit tricky. For example, borrowers are sometimes declined because the wrong information is provided to lending institutions by the brokerage firm.
Respected brokers know all the financial institutions and the underwriting system well. They simply know what it requires to get business funding fast. Also, you should be aware that the amount of the funding could also be raised if the brokerage house knows how to properly syndicate the transaction.
In addition, you will also want to ensure the brokerage firm is not introducing your deal to a wide variety of lending institutions. Why? Because a borrower’s credit score can be adversely affected when the application is shopped around to multiple lenders. 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, especially when a low credit score is why you are shopping for alternative lending in the first place. Picking a legitimate lending house like First Choice Business Capital will save you this headache.
If You Need a Bad Credit Business Loan, Call Us Today
Why wait for your credit score to get better? There is no need to worry about providing any collateral. The ability to get funding fast when banks have let you down is really a tremendous opportunity for your business. Please don’t let a business opportunity for a business loan pass you by. Remember, don’t have to turn over your personal belongings or property to use as collateral for a loan. It is a simple, one-page application. Fill it out online or call us today!
First Choice Business Capital
Pasadena, TX, United States
Communities we serve:
77502, 77506, 77503, 77504, 77505, 77059, 77586, 77058, 77536, 77507, 77571, 77501, 77508