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Thu, 02 Jul 2020 13:20:02 -0500
2017-01-13 Print

FAM Offers Small Businesses Micro Loans as a Business Funding Solution

First American Merchant offers small businesses and startups the financing solutions they need through their micro loan financing option.


Los Angeles, California - First American Merchant (FAM) is a high-risk provider that specializes in working with merchants that struggle to find business funding solutions elsewhere. These merchants may be turned away by traditional lenders for several different reasons: their industry is considered to be too risky, they have a bad credit score or they have limited time in business, to name a few. For First American Merchant, none of the listed issues are a reason to deny a merchant their request for business funding.

While lending and credit requirements do vary among traditional lenders, the majority will be hesitant to work with small businesses and startups. Depending on the type of loan the merchant is looking for, collateral or other personal guarantees will likely be a requirement. A micro loan with FAM, on the other hand, does not involve strict credit requirements, long wait times for funding, complicated contracts or extensive documentation. In addition, credit scores below 500 are approved, and merchants receive their funds in as little as 72 hours, if not sooner.

The advantage of securing a microloan is that it provides merchants with working capital for inventory or supplies, furniture or fixtures, and machinery or equipment, etc. Once approved, the advance can be renewed when 50 percent of the balance has been paid down. There are no application fees to apply, and no hidden or late fees. Instead of a large monthly bill, collections are simply a percentage of the merchant’s daily sales. This flexibility ensures that merchant’s never struggle to afford their payments. To further simplify the collections process, these payments are automatically withheld from credit card transactions.

According to FAM’s team of experts, “FAM gets paid when you get paid…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”.

Contact Info
First American Merchant
2840 Sapra St.
Thousand Oaks, CA 91362

Phone: 1-800-210-5649