First American Merchant has added women entrepreneurs to their long list of merchants and industries they provide business funding options to.
FOR IMMEDIATE RELEASE
Alternative provider First American Merchant (FAM) has announced that it now offers small business loans to women entrepreneurs. Even though the number of women entrepreneurs has grown immensely in recent years, women still experience more business obstacles than their male counterparts. These struggles include ownership of publicly traded companies, hiring, and business funding. The lack of financing options creates a huge challenge for these entrepreneurs as they seek solutions to grow their businesses.
Without working capital, they are unable to fund expansion, cover payroll, hire new employees, purchase equipment/vehicles or seize opportunities. Trying to obtain working capital from a traditional lender typically entails extensive collateral, complicated contracts, long wait periods and other requirements and guarantees. Depending on entrepreneurs’ business type, industry, credit status and time in business, the categorization of high-risk will also complicate matters.
As a high-risk specialist, First American Merchant has years of experience in providing financing solutions for businesses and merchants that struggle to find them elsewhere – including women entrepreneurs. A small business loan for women from FAM offers women a simple, straightforward and hassle-free application process. It only takes moments to complete, and funds are in the merchant’s bank in as little as 24 hours.
Unlike traditional lenders, First American Merchant offers high approval rates and simple, flexible programs. The collections process, for example, is easy and flexible. Payments are a percentage of a business’ daily sales; there are no fixed monthly payments. “We get paid when you get paid.” When the business has a busier month, it will pay back more. When it experiences slow month(s), it pays back less.
“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”. For more information, visit: www.firstamericanmerchant.com.