First American Merchant’s merchant cash advance provides the safe payment processing businesses need to thrive and grow.
FOR IMMEDIATE RELEASE
Los Angeles, California - As a high-risk specialist, First American Merchant (FAM) is dedicated to helping small business owners and other industries/business types considered to be “high risk”. These merchants struggle to secure the services they need with traditional lenders, since they typically shy away from the potential risk these industries involve. Unfortunately, this leaves many business owners without the services they need to get their business started and help it grow.
FAM offers a solution to this ever-growing problem through their merchant cash advance. Contrary to what many believe, a merchant cash advance differs from the traditional bank loan – making it all the easier to qualify for. Essentially a merchant cash advance is a sale. FAM purchases the business’ future credit card sales at a discount and then advances the business much needed funds (both parties agree to the amount of sales being purchased and for what discounted cost). This allows merchants to take advantage of opportunities, cover their payroll, purchase inventory/equipment, pay for expansion costs and more more.
Merchants with credit scores below 500 are approved for a merchant cash advance, making it a great alternative to the strict credit requirements of traditional lending. In addition, the simple, flexible program allows merchants to receive their funding in as little as 72 hours. No tax returns or financials are required, and the application process takes only moments to complete.
Further, FAM gets paid “when you get paid”; repayment is simply a percentage of the business’ daily sales. Between the easy collections process, high approval rate and fast funding time, it’s no surprise that the merchant cash advance is FAM’s most popular business funding option. Automotive, beauty salons, hotel and motel, trucking, doctors, dentistry, construction, liquor stores, retail and restaurants are just a few of the industries that have used FAM’s merchant cash advance to quickly grow and expand their business.
“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 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”.