As a rule, businesses with bad credit have a difficult time getting approved for business funding from a traditional bank or other financial institution. That’s why it’s of vital importance for businesses with bad credit to be able to find a reputable business loan provider like firstamericanmerchant.com to get access to the necessary working capital.
Finding a Reputable Cash Advance Provider
First American Merchant is an award-winning alternative online lender and payment processor that specializes in the high risk sector. FAM offers the lowest possible rates and the best business funding opportunities to merchants of any type. Even if you have bad credit or no credit at all, with FAM, you won’t have any problems.
First American Merchant boasts the necessary creativity and flexibility to offer the best to its customers. FAM knows the challenges your businesses with bad credit may have best of all and focuses on making the impact of bad credit less severe.
So what can you do if your business has bad credit? Try applying for a cash advance. Consider turning to First American Merchant for a business cash advance bad credit to get the best for your business wants and needs.
Business Cash Advance
Business cash advance is one of the most popular forms of financing for small business owners. Today, many prefer to apply for a merchant cash advance instead of a business loan. It’s important to note that a cash advance isn’t a short term loan or a high-interest advance; it’s just a sale.
If you choose to turn to First American Merchant, your future sales will be purchased at a discount. Both parties should agree to the amount of sales being purchased and for what discounted cost.
Let’s compare a small business loan and a merchant cash advance that FAM offers.
Small Business Loan:
- Strict credit requirements
- Long wait times for funding
- Complicated contracts
- Extensive documentation
Cash Advance:
- Credit scores below 500 approved
- Receive your funds 72 hours from application
- Simple, flexible programs
- No tax returns or financials required
- High approval rate
- Fast funding & easy renewals
- Simple “No Hassle” payback
- Revenue based collections
- No credit or collateral on the line
Even if you don’t have a merchant account, with FAM, you can get business funding thanks to its popular “Bank Only” ACH program. Your business will be approved based on the total gross deposits into your business bank account.