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 if I Have Bad Credit in Ogden, UT?
Are you searching for bad credit business loans in Ogden, UT? If you want an instantaneous and hassle-free remedy, First Choice Business Capital can lend you a hand today! Here at First Choice, we understand the distress and unnecessary aggravation that getting denied for loans from traditional banks can cause.
Can I Really Get a Business Loan With Bad Credit?
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. You may be amazed to learn that only 30 percent of businesses qualify for a bank loan – which means you are not alone!
A business obviously cannot keep its doors open without a cash flow. The economy collapsed in 2008 and ever since then, it has become particularly challenging for companies to secure loans. Regulations instituted after that time have cut availability to capital for a considerable amount of establishments. Sadly, it is not the large corporations suffering the brunt of these new laws.
This situation is a burden to those needing funding, but it has opened the doors for alternate loan companies to step in to provide much-needed options. At First Choice Capital, we are skilled in high-risk funding for those businesses that are affected by these regulations. Loan options for businesses with bad credit is not just a pipe dream.
Bad Credit Business Loan Options in Ogden, UT
Most companies are not alerted of the choices accessible to them. Even unsecured short term business loans bad credit are plausible. Small, medium and even large companies can qualify for uncollateralized loans. Even with bad credit, it is feasible to get approved without delay. Loans are available in the market, even with no collateral and terrible credit. These business loans for bad credit are not just for certain types of companies, either. Some alternative loan providers offer bad credit business loans fast, like First Choice Business Capital. which is pleased to offer loans in just 24 hours in many cases. Looking for small business loans bad credit? Yup! When a business needs working capital, they need it now. First Choice understands this need and offers fast approvals.
Short-Term Loans, Unsecured Loans & Business Cash Advances
Alternate lending such as these are often referred to as a merchant cash advance, or MCA. When a traditional bank turns down a loan, these can offer the money required to stay functioning. These alternative loan solutions are even easier to qualify for since no collateral is needed. There are funding options for all sorts of companies; so no matter what sector you are in, we can help. If you have deposited around 8-10 thousand dollars every single month for the last three months, and have been in business for at least that amount of time, we can assist you!
Merchant Cash Advances Benefits
MCAs offer several conveniences to all kinds of companies like yours. For one, these loans are funded much quicker than those from traditional banks. As a matter of fact, 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! Do you know the best part? The moment you’re approved, you will have the cash you need within 48-96 hours. You do not have to go through a prolonged loan process, either.
The business loans with poor credit approval process is fast and easy as well. All you need to submit is a simple one-page application form and you should also be prepared to produce the last six months of business bank statements. A merchant cash advance is an ideal solution for companies that need cash in a flash. These loans are generally paid back in fewer than 18 months, some as little as four months. Repayments can be made daily from Monday – Friday. Merchant cash advances commonly have somewhere between 20 and 22 payments each month.
Some Businesses We Consult with
Short-term business loans bad credit is offered to a myriad of company niches. At First Choice, we have worked with almost every kind of company. The following sectors are just some of the businesses we work with: Automotive/Mechanic Repair Shops, Wrecking and Demolition, Car or truck 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. These sectors and more are qualified for business loans with bad credit. As you discovered before, the application process is easy and the criteria minimal. If you have credit concerns affecting your ability to obtain a loan, First Capital can help.
States We Can Really 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.
Working With a Trusted Representative of Poor Credit Business Loans
There are unethical companies in this industry, preying on those looking for bad credit small business loans. Considering this, it is imperative to ensure that you only deal with reputable brokers. Not every company in the business of lending subprime loans will have your best interest in mind, so it is best to perform due diligence. There are also times when borrowers are turned down because the brokers provide the wrong information to potential lenders. Reputable brokers know financial institutions and the underwriting process well.
They recognize what it requires to get business backing. The amount of the credit could also be raised if the brokerage house knows how to syndicate the transaction. Brokers may also be able to syndicate deals, meaning more funding for your company. That being said, you want to make certain your loan application is not shopped around. When your credit rating is substandard, the very last thing you really want is it being lowered even more because of your broker’s activities. When an application is shopped around, it can damage your credit score even more. Choosing a trustworthy alternative lending organization like First Choice Business Capital will protect you from this.
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. This is a business opportunity. The quick and easy application can be submitted online right now, and agents are anticipating your call. It is a simple, one-page application. Fill it out online or call us today!