When starting your own business, one of the items on your checklist will be to secure financing. As a startup, this is not always an easy task. Startups are often considered “high risk”, a term that traditional financial systems shy away from; this gives businesses that have been categorized as high risk with no other option than to find services elsewhere.
Merchant cash advances are quickly becoming a popular business loan alternative. Contrary to what most business owners believe, a merchant cash advance is not a short term loan or a high interest cash advance. A merchant cash advance is simply a sale.
A small business loan involves strict credit requirements and complicated contracts. In addition, you will more than likely experience a long period of waiting before you receive your funding. A merchant cash advance, on the other hand, offers much simpler and flexible programs.
For example, with First American Merchant Funding, you are not required to offer tax returns or other financial documentation to be considered. Once you have submitted your application and have been accepted, you can receive your funding in as little as 72 hours. Is bad credit an issue for you? First American Merchant Funding approves applicants that suffer from a credit score of 500 and below.
First American Merchant Funding is not one to shy away from a business considered high risk. In fact, they specialize in offering businesses that are categorized as “high risk” merchant cash advances. When you receive a merchant cash advance with First American Merchant Funding, you are agreeing that they will purchase your future sales at a discount; the amount of sales being purchased is agreed on by both parties along with what discounted cost.
With First American Merchant Funding, you can expect:
- A high approval rating,
- Fast funding and easy renewals,
- Simple “no hassle” payback,
- Revenue based collections,
- And no credit or collateral on the line.
If a merchant cash advance sounds like the perfect fit for you, don’t delay. The application process with First American Merchant Funding is fast and simple.
Apply online or speak with a representative today!