First American Merchant offers small businesses and startups the opportunity to avoid traditional loans and secure a cash advance.
FOR IMMEDIATE RELEASE
Los Angeles, California - First American Merchant (FAM) is a high-risk provider that specializes in working with merchants that have failed to find business financing solutions elsewhere. Without vital working capital, businesses struggle to thrive and expand. With FAM, small business and startups can avoid traditional loans altogether and secure a cash advance.
Merchant cash advances have become one of FAM’s most popular forms of financing for small business owners and startups. In fact, more and more merchants are choosing the cash advance over traditional business funding. Contrary to popular belief, a cash advance is not a short-term loan. A cash advance is in fact a sale. FAM purchases the business’ future credit card sales at a discount; this discounted cost and the amount of sales is first agreed upon by both parties.
According to FAM’s team of experts, “We get paid when you get paid. Our payment is a percentage of your daily sales.”
With traditional business funding, business owners experience strict credit requirements, long wait times for funding, lower approval rates, extensive documentation and complicated contracts. Business owners can devote hours of their time to collect and submit the correct documentation, only to find out later that they have been turned down. Ultimately, working with FAM allows businesses to bypass this lengthy process and the long wait periods that follow. A cash advance with FAM involves a simple, hassle-free documentation process. Credit scores below 500 are approved, no tax returns or financials are required and merchants receive their funds within 72 hours.
“We have some of the best approval rates in the business. We approve merchants that find it hard to get approved elsewhere…business is changing, and we're thinking of new and interesting ways in which we can help put you at the forefront of that change.”
Located in Los Angeles, CA, First American Merchant Funding (FAM) boasts a large network of agents and numerous payment gateway options. Focused on “financing the American dream”, FAM is proud to offer the services of a full support staff and robust financing options to a broad range of industries. FAM has one of the best approval rates in the business, and specializes in working with businesses considered to be “high risk”.