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!
Get A Business Loan With Bad Credit In The Woodlands, TX
At First Choice Business Capital, we know how irritating it can be if you have a bad credit score and you’re constantly getting declined from traditional banks for funding. That’s the reason why we have committed ourselves to making business-funding solutions attainable to all business enterprises regardless of a bad credit history. First Choice Business Capital can help you secure bad credit business loans you may really need to keep your business making money, even if you have bad credit.
Get A Business Loan With Bad Credit
If you are like most businesses that have bad credit, you’re probably feeling disheartened from being denied the money that can help your business, but don’t worry because we can help.
There are many reasons that businesses with bad credit get declined for a bank loan. A common reason for declined loans can be as straightforward as the company applying for a business loan and they have poor credit. There could also be tax liens against the company, and/or court judgments, which can affect the outcome as well.
I think we can all agree that being turned down by a bank can be disheartening, and sadly many businesses give up after hearing “no.” That is not good because working capital is the foundation on which a company operates. When a company does not have accessibility to cash, they are not going to be able to stay in business long – so it is important not to give up.
In 2008, the economic climate caved in, and since that time even companies that are “successful” have had a hard time securing bank loans. Why? New regulations enforced after the economic crash has made acquiring capital nearly impossible; and to complicate matters, these regulations apply to “Mom and Pop” type operations that have less than 50 employees.
Fortunately, alternate loan companies like First Choice Business Capital have stepped in to help solve this dilemma. So there is good news… 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 cash you need, and faster than you ever thought possible.
No matter what you may have heard, remember there are other options available for businesses needing funds, apart from regular banks when credit is a problem.
Bad Credit Business Loan Options – The Woodlands, Texas
Are you one of the businesses that are unaware that short-term loan alternatives even exist? If you are, well now you know and the best part is, they are unsecured loans. These alternative loans are available, even if you don’t have collateral and you have bad credit. Better yet, you can get approved for these business loans with poor credit, as quickly as tomorrow. Many different types of companies get business loans for bad credit with First Choice Business Capital everyday. So, if you need small business loans bad credit? No problem!
First Choice Business Capital not only has a high approval track record, but a fast one as well. We understand the dire need you may feel to get the working capital you need as soon as possible. We understand that you need the money now, and that’s why we pride ourselves in assisting you get funded as quick as possible.
Business Cash Advance, Unsecured Loans, and Short-Term Loans
Unsecured loans, short-term loans and business cash advances are alternate lending options which are often referred to as a merchant cash advance, or an MCA. When conservative bank options do not work due bad credit, these types of poor credit business loans can the saving grace for a company in terrible need of money. In addition, no collateral is needed to qualify for a business cash advance, which makes it even easier to qualify for a loan if you’re a business with bad credit. At First Choice Business Capital, we provide lending for an assortment of industries as well, so it is very likely we would be able to assist you regardless of your industry. You should know that we do not deliver start-up loans. In other words, you must have a business that has been running for a minimum of three months. Other than that, we would just need to see that you have deposited a minimum of eight to ten thousand dollars for each of the past three consecutive months.
The Benefits of a Merchant Cash Advance
There are a number of advantages to MCAs…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. In many cases these loans are approved in as little as one day and we can proudly claim an approval rate of over 90 percent. This high approval guarantees that you have much better chances of being approved than you would at your own bank. Plus, you won’t have to wait long to get your cash once you’re approved. In fact, these loans are frequently paid out in less than four business days, which again is way faster than a bank.
The only thing you need to do is submit a simple application, which is only one page long; and the last three to six months of banking statements will need to be supplied to us to get the loan process moving. These loans are a fantastic option for those that need a bad credit loan fast. These loans are considered short-term business loans and have a fixed cost of capital, which are usually paid within four months to a year and a half. Payments can be made either daily or weekly. Payment loans made daily are Monday – Friday. Merchant cash advances often have in between 20 and 22 payments each month.
We Deal With Many Businesses
All sorts of companies can get short-term business loans even with bad credit. First Choice Business Capital loves to help all kinds of companies. There are a wide variety of businesses that merchant cash advance companies like to work with. Some of the most common niches include:
Beauty Shops, Tire Shops, Carpentry, Construction, Masonry and Stonework, Driveway and Parking Pavement, HVAC, Gasoline Service Stations, General Building Contractors, Automotive/Mechanic Repair Shops, Wrecking and Demolition companies, Vehicle Body Repair and Painting, Home Health Services, Interior Decorators, Pest Control, Bars and Restaurants, Rigging and Scaffolding, Water Well Drilling and Trucking. These niches and more are entitled to for business loans with bad credit. First Choice can help any business that meets the requirements and has credit woes.
States We Can Help
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.
Only Team Up With Professional Bad Credit Business Loan Brokers
This may go without saying, but It is absolutely essential to just work with reputable business loan providers when trying to attain any bad credit small business loans. If you are new to this, It might be a little challenging when working out which lender to go with. You should be careful, as browsing through all the different lending institutions can be tricky – if the lender loan broker is new to the industry.
For example, there are often times when borrowers are turned down simply because the brokers provided the wrong information to prospective lenders. Keep in mind that respected brokers know lending and the underwriting system well. They understand what it requires to get business finances swiftly. Also, the amount of the credit could also be raised if the brokerage house knows how to syndicate the transaction; this can be good because it can get you more money.
Finally, a good broker should stop your deal getting submitted to multiple lenders unnecessarily. Choosing a legitimate high risk lending company goes a long way in making sure this does not occur. First Choice Business Capital understands the industry well, and would obviously refrain from doing anything to harm our client’s credit further.
Got Bad Credit Business Loan Needs, Call Us!
Did you know that it is not necessary for you to stall until your credit score improves before applying for a bad credit business loan. The longer you wait, the worse your situation might get so don’t wait any longer and feel comfort in know that you do not need to put up your personal belongings as collateral, and you don’t need good credit. This is a business opportunity that is just way too good to pass up. Call us right now or fill in the short online application to get the process started right now!