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!
Getting a Business Loan With Bad Credit in San Marcos, TX, is Possible!
Are you searching for bad credit business loans in San Marcos, TX? If you want a simple and hassle-free option, First Choice Business Capital can really help you today! Here at First Choice, we understand the distress and unnecessary aggravation that getting denied for loans from traditional banks can cause. We know it can be so frustrating trying to get a traditional loan from a bank when your credit score is poor.
The Real World of Business Loans With Bad Credit
If it seems like you are alone in this dilemma, you may be surprised to know that you are not. Recent studies have even shown that below a third of businesses could be approved for a loan from a traditional banking institution.Being turned down by a bank is often disheartening, and many businesses simply give up after hearing “no.”
When a company does not have easy access to cash, they are not going to be able to stay in business for long at all. In 2008, the economic situation tumbled, and ever since even those companies that are making money have had a hard time securing bank loans.There are new rules in place as well that make the task even more challenging than it was before the collapse.
If you are interested in a lending process that does not take the traditional route, a high-risk lender like First Choice Business Capital can provide the funding you need, faster than you ever thought possible.
San Marcos, TX, Bad Credit Business Loan Options
First Choice knows that businesses in need require financing now, so we pride ourselves on a high approval percentage that occurs quite quickly.It’s possible that you are one of the businesses that are not aware that short-term loan solutions are out there. Small, medium and even large companies can qualify for uncollateralized loans. Even with bad credit, it is likely to get approved without delay. Loans are out there, even with no collateral and terrible credit. Less than excellent credit does not equal a denial, because we deliver business loans with poor credit. Business loans for bad credit are provided for all sorts of businesses. Are you looking for small business loans bad credit? Some alternative loan providers offer bad credit business loans fast, like First Choice Business Capital, which is happy to offer loans in just 24 hours in many cases.
Business Cash Advances, Short-Term Loans and Unsecured Loans
Merchant cash advances such as these are also termed an MCA. For companies that have been turned down for a business loan by a bank, these types of poor credit business loans offer an amazing opportunity to get funding. Since collateral is not needed for a business cash advance, it is easier than ever to qualify. This makes the approval procedure even easier! If you have deposited about 8-10 thousand dollars every single month for the last three months, and have been functional for at least that amount of time, we can really help you !
What Are the Positive aspects of Merchant Cash Advances?
Applying for a merchant cash advance absolutely has its perks. 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. Many times, a business can have their approval in only one business day. The approval rate of these loans is enormous compared to typical bank loans as well.
Believe it or not, over 90 percent of them are approved! You will not have to wait long for your cash once approved. These loans are normally paid out in less than four business days, which is much faster than a bank. The loan approval process is fast and easy as well. All you need to submit is a simple one-page application form. You should also be prepared to produce the last six months of business bank statements. With this material, we can work on approving you very fast.
If you need a bad credit business loan right away, a merchant cash advance could be just the solution you are looking for. A short-term business loan in the form of a merchant cash advance is more than likely just what you need. These loans, which usually range from 4 to 18 months, have a fixed cost of capital. 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.
We Deal with Many Businesses
A variety of businesses qualifies for short term business loans bad credit. Merchant cash advance companies like to work with all sorts. The list below is a few of the types of businesses we want to hear from: Automotive/Mechanic Repair Shops, Wrecking and Demolition, Car Body Repair and Painting, Water Well Drilling, Pubs 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 Professionals. There are more company markets that can be serviced with business loans bad credit. As you discovered before, the application process is easy and the criteria minimal. If you have credit problems affecting your ability to obtain a loan, First Capital can help.
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.
Work Only With Trustworthy Bad Credit Business Lenders!
It is essential to just work with reputable suppliers when trying to get hold of bad credit small business loans. It may be quite challenging to determine which institution to go with, and there are lots out there. Perform your due diligence while you wade through the loan choices that are readily available. Borrowers are sometimes declined because the wrong information is provided to financial institutions by the brokerage firm. Excellent brokers know financial institutions, the underwriting process well and they recognize what it requires to get business financing.
Those lenders that can syndicate the deals may even raise loan amounts. You do not want your broker submitting your application to a lot of 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, primarily when a low credit score is why you are shopping for alternative lending in the first place. Picking an established lending house like First Choice Business Capital will save you this heartache.
Call Us Today for Your Bad Credit Business Loan
You do not have to wait until your credit score is better to get a loan. The simple application can be submitted online right now, and brokers are anticipating your call. Change the direction of your business by getting in touch with us right now!