FAM provides merchants categorized by traditional lenders as “high risk” with the business loans they need to start their business, to grow and to thrive
FOR IMMEDIATE RELEASE
Thousand Oaks, California - First American Merchant (FAM) specializes in supplying businesses with funding solutions that meet their unique needs. As a high-risk provider, FAM works with industries and businesses traditional lenders won’t. These merchant services provide the cash these businesses need to grow, to cover expenses and to expand.
A merchant cash advance is a purchase of a business’ future sales. Essentially, FAM purchases an amount agreed upon (by both parties) of a business’ future sales, and then advances the merchant cash for an upfront expense. This amount is then paid back – along with the agreed upon fee – as sales are made. The collection process is easy, and provides the business with flexibility.
According to the experts at FAM, “Your payments come out of your receivables, so if you make more money, you pay the advance off more quickly. If you make less, it will be slower. Either way, you pay the same amount.”
While there is not an official restriction for the use of merchant cash advances, this financing solution makes the most sense for purchases with a high rate of return. Merchants often choose to use a cash advance for new equipment purchases, remodeling, expansion, increasing inventory, and paying off debt and taxes. With FAM, the application process can be completed in a matter of minutes. Unlike working with a traditional lender, the documentation required is minimal, and funds can be secured in as little as 72 hours – if not sooner.
“We've built a large network to ensure you have the best options available to you, and we're still growing…we have some of the best approval rates in the business. We approve merchants that find it hard to get approved elsewhere.”
Located in Thousand Oaks, 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”.