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!
You Can Get a Business Loan With Bad Credit in Redmond, WA
Bad credit business loans truly do exist. At First Choice Business Capital, we can help you get the capital you are in need of in Redmond, WA. Traditional banks often say no to funds to businesses that do not have good credit, which causes much frustration to the owners. We understand your pain. Regardless of a bad credit history, we have many business funding options available, such as cash advances, short-term loans and much more.
The Facts About Acquiring a Business Loan With Bad Credit
If you believe that you are alone in this plight, 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.We pride ourselves in really helping companies get the funds they need regardless of what your credit history looks like, and we have many alternatives that we can make available.
Loans are denied all of the time, and this can occur for many reasons. Subpar credit is often cited in these cases and companies may also have a judgment or lien against them.Once a business gets denied for a loan, they often give up all hope for funding. However, a business must have capital in order to stay profitable, since it is the basis on which to keep operating. New regulations implemented after the economic crash has made acquiring capital near impossible.
The ones impacted are the small and medium-sized entities, those employing less than 50 workers. Alternate loan providers have stepped in to help solve this dilemma. At First Choice Capital, we focus 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. With alternative lending alternatives available, it is a reality.
Options Are Available in Redmond, WA, For A Poor Credit Business Loan
Perhaps you are one of the businesses that are not aware that short-term loan alternatives are offered. Unsecured short-term loan options do exist for companies in your predicament! Small business loans bad credit are out there, even with no collateral and terrible credit. You can get approved for the business loans with poor credit you need, as quick as tomorrow. Business loans for bad credit are given for all sorts of businesses. Some alternative finance companies offer bad credit business loans fast, like First Choice Business Capital, which is happy to offer loans in just 24 hours in many cases. First Choice not only has a high approval procedure but a fast one as well. We understand the dire need to obtain the working capital you need. We also understand that you need the money now, and pride ourselves in assisting you get financed as promptly as possible.
Business Cash Advances, Short-Term Loans and Unsecured Loans
Alternate lending such as these are often referred to as a merchant cash advance, or MCA. For companies that have been turned down for a business loan by a bank, these particular poor credit business loans offer an amazing opportunity to get funding. You do not even really need collateral in order to qualify for an MCA. We provide lending for a variety of industries as well, so it is definitely possible we would be able to assist you. If you have deposited in between 8-10 thousand dollars pretty much every month for the last three months, and have been in business for at least that amount of time, we can really help you!
Merchant Cash Advantage Perks
MCAs offer many different positive aspects to all kinds of companies like yours. One of the primary advantages of a loan of this sort is how quickly it is funded; it is unbelievably fast in comparison to a loan from a bank. We can proudly claim an approval rate of over 90 percent, which implies you have much better chances of being approved than at a bank! 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 speedy 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 info, we can work on approving you very fast. If you need a bad credit business loan fast, a merchant cash advance could be just the solution you are looking for. These loans are considered short-term business loans. The loans have a fixed cost of capital. They are usually repaid within four months to a year and a half. Daily repayments 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 Team Up with Many Businesses
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 niche markets are just some of the businesses we work with: Home Health Services, HVAC System, Interior Decorators, Masonry and Stonework, Pest Control, Rigging and Scaffolding, Tire Shops, Trucking, Water Well Drilling, Wrecking and Demolition companies, Automotive/Mechanic Repair Shops, Auto Body Repair and Painting, Bars and Restaurants, Beauty Shops, Carpentry, Construction, Driveway and Parking Pavement, Gasoline Service Stations and General Building Contractors. Any of these companies and many more can acquire business loans with bad credit. First Choice can help any business that meets the requirements and has credit woes.
States We Can Assist!
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.
Work Only With Respectable Bad Credit Business Lenders!
It is vital to exclusively work with reputable companies when trying to get hold of bad credit small business loans. It could be quite challenging determining which institution to go with, and there are numerous. Not every one of them will have your best interest at heart. It is unfortunate when a borrower is declined because an agent providing wrong information and facts to a lender.
It is important that the brokerage firm has an in-depth understanding of the underwriting process. They should really know their lenders well and have the capacity to guide the borrower through the process. Those lenders that can syndicate the deals may even boost loan amounts. You do not want your broker submitting your application to a ton of lenders. When an application is shopped around, it can damage your credit score even more. Choosing a trustworthy alternative lending establishment like First Choice Business Capital will protect you from this.
Call Today for Your Bad Credit Business Loan
It is not important for you to hold back until your score improves to apply for a loan. Do you seriously want to let this opportunity pass you by? And don’t worry about collateral – you don’t need it to obtain the loan. Change the direction of your business by calling us now!