FAM specializes in helping “high risk” business secure safe financing solutions, and is passionate about sharing the benefits and advantages of alternative financing options.
FOR IMMEDIATE RELEASE
Thousand Oaks, California - First American Merchant (FAM) is a high-risk provider that offers financing solutions and payment processing services to businesses that struggle to secure them from a traditional lender. Without adequate cash, these businesses – especially small and mid-sized businesses – are unable to grow their businesses, pay suppliers, maintain inventory, purchase equipment/vehicles or expand. FAM offers a merchant cash advance as a solution to this very common problem.
According to FAM, a merchant cash advance “is a purchase of a portion of a business’ future credit card sales at a discount. While the merchant cash provider buys the right to retrieve a portion of the business’ credit card sales each month, the business is able to receive a lump sum that is paid to them at the outset of the agreement.”
There are many reasons why a merchant cash advance is a great alternative to a traditional business loan. While a bad credit history prevents businesses from obtaining funds from a traditional bank, a merchant cash advance can still be secured by those with a bad credit score. With FAM, the approval rate is very high for cash advances; applications do not involve complicated contracts, extensive documentation or strict credit requirements. The application process can be completed in a matter of minutes, and no credit or collateral is at stake. Once approved, merchants receive their funds in as little as 72 hours – if not sooner. In addition, FAM explains how the hassle-free collections process is a huge advantage for the small business owner:
“A merchant cash advance payback is revenue-based. Meaning, when you have a busy month you will payback more, and when you have a slower month the payback amount will be less. This percentage-based collection policy allows a business to grow instead of draining its funds.”
“We've built a large network to ensure you have the best options available to you, and we're still growing.”
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”.