If you need bad credit business loans or other financings to help you recover from a temporary closure, supply problem, business slowdown, or other issues caused by the COVID-19 pandemic, First Capital Business Finance is here to help. We will help your business get through this difficult time and come out stronger on the other side. If your business needs assistance, consider these five ways First Capital Business Finance can help.
1. Bad Credit Business Loans
If you’ve seen a drop-off in sales due to COVID-19, or you’ve been forced to close your business, it is understandable that you may have missed a few payments recently, negatively impacting your credit score. Fortunately, First Capital Business Finance offers easy-approval bad credit business loans that can help your business get back on it’s feet during this difficult time.
Having a low credit score can disqualify you from traditional business financing at many lenders. At First Capital Business Finance, even if you have a low credit score, you can still qualify for business loans for bad credit if you meet the requirements:
- 4 – 12 months in business
- 500 minimum credit score
- $8,000 per month minimum gross revenue
We offer bad credit business loans in all 50 states. You can borrow between $5,000 and $2 million for a period of three to 24 months, and your business does not have to accept credit cards to qualify.
2. Start-Up Business Loans
Although the middle of a pandemic may seem like an odd time to start a new business, but if you need to switch gears because your existing business model is no longer feasible, this may be the perfect time to get started. You may also have an idea for a new business that may fill a unique need during this unprecedented time. No matter the situation, we can help.
At First Capital Business Finance, we offer start-up business loans with advances of up to $2 million on outstanding accounts receivable. Our application process is quick, simple, and there is no credit check required.
3. Equipment Financing
Businesses across the country are shifting their product lines and processes to accommodate products that are desperately needed by customers during the pandemic. If you need new equipment to start producing new product lines or need to replace worn-out equipment or expand your operations, we can help you with equipment financing.
Our team of specialists is on hand to help you with your commercial truck, construction, office, or heavy manufacturing equipment needs. We can even help you finance used equipment. We offer bad credit business loans of $5,000 to $5 million and terms from 12 to 72 months and easy qualification requirements:
- No minimum time in business
- Programs for any credit
- All equipment eligible for financing
4. Unsecured Working Capital Business Loans
If the uncertain conditions of COVID-19 have left you with a cash flow shortfall, we can help you with lines of credit and bad credit business loans that can help you bridge the gap. Our capital loan program can have you approved for financing as soon as the next business day and have funds in your hands in as little as five days. If you need cash fast to cover business expenses or short-term opportunities, this may be the perfect financing option for your needs. Our team members are standing by to walk you through our easy application process.
5. Invoice Factoring
Sometimes, you don’t have 45-80 days to wait around for your customers to pay you. If COVID-19 has put a heavy strain on your finances, consider the benefits of allowing First Capital Business Finance to provide you with accounts receivable financing:
- Get cash in as little as 24 hours
- Bad credit OK
- Bankruptcies and liens OK
- Fast and easy pre-approval
- Exceptional customer service
- Optional programs with no monthly minimums or facility fees
Financing is available in over 17 foreign currencies with lines of credit up to $15 million. You may even be eligible to finance up to 90% of your outstanding invoices.
If your business is facing financial difficulty due to COVID-19, or you need some bad credit business loans to cover immediate expenses, our team of experts can help you today with one of our financing options. Call us at 888-565-6692 to get pre-qualified or contact us on the web.
Bad Credit Business Loans and Other Ways First Capital Business Finance Can Help Your Business During COVID-19 | First Capital Business Finance