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Alternative to High Risk Business Loans

High risk classification puts small business owners in a situation where it’s rather challenging to get approved for business funding, especially from traditional banks and financial institutions. High risk lending options feature long wait for approval, requirements of collateral that could be repossessed in the event of a default, and a detailed business plan that borrowers should submit.

Thankfully, there are reputable alternative online lenders like that offer alternatives to small business loans. These alternative funding options are flexible, fast, and have fewer requirements.

High Risk Business Loan Alternative

A merchant cash advance (MCA), which is surging in popularity nowadays, is an ideal alternative to high risk business loans. Today, many business owners choose this business funding alternative over traditional business funding.

It’s important to note that a merchant cash advance isn’t a short term loan or a high interest advance: it’s just a sale. Both the borrower and the provider agree to the amount of sales being purchased and for what discounted cost.

First American Merchant offers unmatched rates and terms for it popular cash advance as an alternative to a high risk business loan. FAM is an award-winning business funding provider and payment processor that serves both traditional and high risk businesses. boasts an A+ rating with the BBB and provides the top chargeback protection and prevention services to its clients.

FAM’s cash advance is easy to apply for. No collateral is required, and the approval process is quick, easy, and hassle-free. You can receive your merchant cash advance in as little as 48 hours, which can’t be said about high risk business loans.

Merchant Cash Advance from First American Merchant:

  • Credit scores below 500 approved
  • Funds are received within 48 hours
  • Simple and flexible programs
  • No tax returns or financials required
  • Fast and hassle-free application process

In less than 20 years, the merchant cash advance industry has gone from $0 to $10.7 billion by 2015, and is anticipated to reach $15.3 billion in 2017. MCAs are perfect solutions for those who need quick access to working capital so to be able to grow their business. First American Merchant understands the challenges that high risk business models face and can help you overcome the hardships with ease.