Are you considering your options of getting financing for your business? Many entrepreneurs turn to a bank to obtain a small business loan, but very often they feel hopeless after being rejected. Banks tend to reject more people than they approve. Even if banks give you a green light, you’re likely to pay higher interest rates.
Business Loan Challenges
According to the 2016 Small Business Credit Survey from 12 Federal Reserve banks across the US, which was conducted in the last half of 2016 and included over 10.000 employer firms across all 50 states, small businesses feel optimistic about the economy as a whole. 61% think revenues will increase in 2017, and 39% believe there will be a job growth in 2017.
For 87% of firms surveyed, the business owner’s personal credit score play an important role in gaining access to working capital. Personal credit score didn’t play a significant role for those with over $1 million in annual revenue, but 78% relied on personal credit in this or that way to obtain business funding.
Fortunately, not all business owners face challenges when trying to get financing for their business. Today, there are a myriad of alternative lending and fundraising options available online. Those who prefer turning to a reputable alternative business loan provider like firstamericanmerchant.com (FAM) know they can get the best for their business needs. Merchants of any type and size can easily get approved for a small business loan with First American Merchant and see that American Express Merchant financing or a bank loan isn’t the only option to try.
Merchant Financing Offered by First American Merchant
First American Merchant, an award-winning business loan provider and payment processor that specializes in the high risk industry, offers unique business funding opportunities to merchants even with bad credit.
First American Merchant Offers:
- Merchant Cash Advance
- ACH Program
- High Risk Business Funding
- Consumer Financing
FAM’s Popular Merchant Cash Advance Offers:
- Credit scores below 500 are approved
- Receive your funds within 72 hours
- Simple, flexible programs
- No tax returns or financials are required
- Fast and hassle-free application process
Benefits of Merchant Funding from FAM:
- Fast Funding
- No Hassle
- High Approvals
- Easy Collections
It can be challenging to obtain working capital from a traditional bank or financial institution, Happily, reputable alternative lenders like First American Merchant have made it so simple for merchants to get the best for their business wants and needs.Get Started Now