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 Temple, TX- Is it Really Possible?
First Choice Business Capital can help you attain the bad credit business loans you need to get to keep your business in Temple, TX, adrift, even when you have bad credit. We know it can be so frustrating trying to get a traditional loan from a bank when your credit score is below average.
Here’s the Bottom Line About Getting 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! Banks deny loans for many reasons. For instance, bad credit can be the main reason for many denials and companies may also have a judgment or lien.
A business needless to say cannot keep its doors open without a cash flow. The economy collapsed in 2008 and ever since then, it has become extremely hard for companies to secure business loans for bad credit.There are new requirements in place as well that make the procedure even more challenging than it was before the collapse.
No matter what you may have heard, it is certain that there are other options out there for businesses beyond old-fashioned banks when credit is an issue. High-risk lenders like First Choice Business Capital could provide quick approvals and no-nonsense funding solutions.
Bad Credit Business Loan Options in Temple, TX
Quite possibly you are one of the businesses that are not aware that short-term loan services are easily available. But the good news is, they seriously are – and the best part is, they are unsecured! Loans are available in the market, even with no collateral and negative credit. First Choice Business Capital can not only provide you the money you need but provide bad credit business loans fast. Many times, backing occurs in only 24 hours. You will be putting that money to work a lot faster than you ever thought entirely possible! Small business loans bad credit – really? Yes, you’re really not dreaming! You don’t need the money next week. You need it now.First Choice not only has a high approval procedure but a swift one as well. We understand the dire need to obtain the working capital you need. We also know that you need the money now, and pride ourselves in assisting you get financed as fast as possible.
Business Cash Advances, Short-Term Loans and Unsecured Loans
These types of offerings are known as a merchant cash advance (MCA). These business loans with poor credit are sometimes the only factor standing between a company continuing to be open or closing for good. Poor credit business loans are a true lifesaver for those companies that have been turned down by banking establishments because of their credit score. You do not even really need collateral in order to qualify for an MCA. There are funding options for all sorts of companies; so no matter what profession you are in, we can help. The only requirements we need is for your business to be older than three months and that you repeatedly deposit at least eight thousand dollars every month.
Merchant Cash Advances Strengths
Applying for a merchant cash advance absolutely has its perks. A top example of one of these advantages is how quickly a merchant cash advance is financed. Where traditional banks can take a long time, an MCA can possibly be approved and paid in only a fraction of the time. Many times, a business can have their approval in only one business day. The approval rate of these loans is huge compared to typical bank loans as well. Believe it or not, over 90 percent of them are approved!
The loan approval process is speedy and easy as well. All you need to submit is a simple one-page application form. Also, you should prepare to produce the last six months of business bank statements. We can work to approve your loan application when this important information is provided. A merchant cash advance can be simply just what you need if you have been refused by your bank as a result of poor credit. These business loans bad credit, which usually range from 4 to 18 months, have a fixed cost of capital. An MCA are flexible for these loans, and they can be paid either daily or weekly with the exception of Saturday and Sunday. Each month, there are customarily 20 to 22 payments for a merchant cash advance.
We Coordinate with All Types of Companies
Short term business loans bad credit is offered to a myriad of company niches. At First Choice, we have helped almost every kind of company. Here is a sampling of the types of companies we partner with: Automotive/Mechanic Maintenance and repair Shops, Auto Body Repair and Painting, Pubs and Restaurants, Beauty Shops, Carpentry, Development, 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 requirements and has credit woes.
States We Can Really Help!
Merchant cash advances are out there 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.
Work Only With Respectable Bad Credit Business Lenders!
When trying to get bad credit small business loans, be certain that you are working with a highly regarded broker. There are countless different lending institutions, so you have to navigate carefully. Borrowers have unintentionally been declined in the past due to erroneous information being given by intermediaries to their lender of choice. A legitimate brokerage understands the underwriting process and they have considerable expertise about the lenders at their disposal.
You will also want to ensure the brokerage firm is not introducing your deal to a wide variety of lending institutions. A borrower’s credit score can be detrimentally 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, specifically when a low credit score is why you are shopping for alternative lending in the first place. Deciding on a trusted lending house like First Choice Business Capital will save you this heartache.
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 a loan. Also, you do not need to put up your personal belongings as collateral, and you do not need good credit. This is a business opportunity that is just way too good to pass up. Change the direction of your business by consulting with us right now!