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Sat, 18 Sep 2021 21:39:02 -0500
2017-06-30 Print

FAM’s Offers Creative Financing Solutions for When the Banks Say ‘No’

First American Merchant gladly offers alternative business loans for “high-risk” merchants who have been turned away by their bank.


Los Angeles, California - First American Merchant (FAM) is an alternative lender that offers merchants fast business funding and secure payment processing services. Their team of experts specializes in working with business types and industries traditional lenders turn away. The long list of merchants often categorized as “high-risk” includes: airlines, bad credit assistance, credit repair, eBooks, electronics, gaming, nutraceutical, technical support, telecommunications, travel, warranty and many others.

Banks and other traditional lenders are unwilling to work with merchants that have a bad credit history, insufficient credit history (e.g. startups) and those that have faced bankruptcy. This leaves many merchants unable to fund growth, cover payroll, purchase equipment, or pay for expansion, not to mention day-to-day expenses. FAM has stepped in to offer a solution to this problem by providing creative financing solutions – alternative business loans.
Instead of endless documentation, strict credit requirements and collateral, FAM evaluates the business’ cash flow. This allows FAM to determine how much the business is eligible for, rather than evaluating the merchant’s credit score. Merchants otherwise categorized as “high-risk” can secure the business loan they need, even those with a credit score lower than 500.

First American Merchant’s most popular financing option is the merchant cash advance. Essentially, FAM purchases the business’ future credit card sales at a discount in exchange for a cash advance. With FAM, the amount purchased and at what discounted cost are agreed upon by both parties. The amount (along with the agreed upon fee) is then paid back as a percentage of the business’ daily sales.

The application process is also a huge advantage. When working with a traditional lender, merchants deal with long wait times for funding. Businesses wait weeks or even months – only to find they’ve been declined. With FAM, merchants can submit the application in minutes, and receive funds in less than 72 hours, if not sooner. Because approval for the merchant cash advance is based on business performance rather than personal credit, time in business or financials, merchants have quick access to capital to boost their cash flow.
“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.…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”.

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

Phone: 1-800-210-5649