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 Plano, TX, if I Have Bad Credit?
If you are planning to get a bad credit business loan in Plano, TX, First Choice Business Capital can help. We have many financing options available for companies, regardless of a bad credit history. The approval process is fast as well, 24 hours in many cases!
Here’s the Lowdown About a Business Loan With Poor Credit
If you believe you are alone in this situation, 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. We pride ourselves in helping companies get the funds they need regardless of what your credit history looks like, and we have many options that we can offer. Banks deny loans to companies with bad credit for a wide array of reasons. It is true that one of the main reasons that denials occur is just simply when a business has bad credit.
Getting denied is demoralizing, and many companies surrender their hopes for a loan once the bank denies them. A business obviously cannot keep its doors open without a cash flow. The economy collapsed in 2008 and ever since then, it has become very tough for companies to secure loans.There are new policies in place as well that make the task even more challenging than it was before the collapse.Unfortunately, the ones impacted are the small and medium-sized entities, those employing less than 50 workers.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 loan process that does not take the traditional route, a high-risk lender like First Choice Business Capital can provide the finances you need, faster than you ever thought possible.We even offer 24-hour approvals! It really is true that businesses with subprime credit can get the cash they really need. When traditional routes fail, back-up loan providers can supply the assistance needed.
Business Loan Options Bad Credit in Plano, TX
Most companies are not alerted of the solutions accessible to them. Even unsecured short term business loans bad credit are plausible. Small, medium and even large organizations can qualify for uncollateralized loans. Even with bad credit, it is entirely possible to get approved without delay. Loans are available in the market, even with no collateral and terrible credit. Less than excellent credit does not equal a denial, since we provide business loans with poor credit. Business loans for bad credit are given for all sorts of businesses. It is also true that you can get bad credit business loans fast. With First Choice Business Capital, you can ordinarily get capital within just one day! Yup! When a business needs working capital, they need it now. First Choice understands this need and offers simple approvals.
Short-Term Loans and Business Cash Advances
Merchant cash advances such as this are also termed an MCA. Poor credit business loans are a true lifesaver for those companies that have been turned down by banking organizations because of their credit score. Since collateral is not needed for a business cash advance, it is easier than ever to qualify. We provide finances for a multitude of industries as well, so it is extremely possible we would be able to assist you. We only require that your business has been in business for three months minimum and that you transfer between 8-10 thousand dollars monthly.
Merchant Cash Advantage Perks
MCAs offer many advantages to all kinds of companies like yours. For one, these loans are funded faster than those from traditional banks. Actually, most of these loans are approved in 24 hours. The approval rate for these loans is incredible. In fact, over 90 percent of applications are approved! 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 an extended loan process, either. The procedure to get approved is easy as well, because the application form is only one page. Have your business’s last six months of bank statements ready, too. A merchant cash advance is a great solution for companies that need cash in a flash. When your business is slowing down as a result 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. 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.
We Partner with Many Businesses
Business loans bad credit are offered to a myriad of company niches, because at First Choice we have worked with almost every kind of company. The following niche markets are just some of the businesses we work with: Automotive/Mechanic Repair Shops, Wrecking and Demolition, Car Body Repair and Painting, Water Well Drilling, Taverns 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. Business loans with bad credit can be had by these companies and many more. As you discovered before, the application process is easy and the criteria minimal. If you have credit troubles affecting your ability to obtain a loan, First Capital can help.
States We Do Business In
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.
Working With a Highly Regarded Representative of Bad Credit Business Loans
When trying to get bad credit small business loans, be certain that you are working with a credible broker. Perform your due diligence while you wade through the loan choices that are readily available. It is unfortunate when a borrower is declined because an agent provided wrong details to a lender. A dependable brokerage understands the underwriting process.
Also, they have considerable know-how about the lenders at their disposal. You will also want to ensure the brokerage firm is not showing your deal to a wide variety of lending institutions. A borrower’s credit score can be adversely influenced when the application is shopped around to multiple lenders. You really want to choose a reputable company like First Choice Business Capital to make sure that this does not happen.
If You Are In Need of a Bad Credit Business Loan, Do Not Delay – Contact Us Today
You do not have to wait until after your credit score is better to get small business loans bad credit. Keep your personal belongings – you don’t have to worry about not having enough collateral. Call us now or submit the short online application to get the process started right now!
First Choice Business Capital
Plano, 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