Lack of resources can be a great challenge for many entrepreneurs trying to start their own business in Puerto Rico. To get enough capital to take your business off the ground, you should apply to a traditional loan provider or a modern payment processor to get the best for your business wants and needs. It may seem intimidating, but it is not impossible.
Below you can find ways to fund your business, finance your startup or just grow:
- Direct Funder
You can turn to a direct funder specializing in alternatives to small business loans. These companies can be characterized as a one-stop-shop provider of alternative financing solutions in one easy place.
They will do all the hard work to help you just organize and run your business with ease. You can apply to this type of loan provider if you lack some extra capital to obtain, e.g. inventory, make payroll or if are need of some extra cash flow.
- FAM Offers Business Funding Options
Firstamericanmerchant.com, a reputable payment processor specializing in the high risk sector, offers exceptional business financing options. These include Consumer Financing, a Merchant Cash Advance, ACH Program, and High Risk Business Funding. First American Merchant is a great option to choose to enjoy Fast Funding, a Hassle-free Application Process, High Approval Rates, and Easy Collections.
With First American Merchant (FAM), you can easily get approved for a business loan Puerto Rico. FAM offers the lowest possible rates and the best terms in the industry. You should not necessarily have excellent credit to qualify for a loan: poor credit scores are not a problem for FAM. Moreover, merchants of any type and size can get approved for business funding provided by First American Merchant.
One of the most common requests FAM hears from merchants is that they need a “90 days same as cash” program for their customers. Small business owners look for offering their customers financing, like the bigger chain stores, and firstamericanmerchant.com has developed a solution to provide merchants with an unmatched opportunity for growth.