You have bad credit. Well, that’s better than no credit at all. There are plenty of companies just like yours that threw in the towel and called it quits. You remained at the helm trying to keep your company afloat and on course. It may have taken a bit of creative money shuffling, but you made it. As a consequence your credit rating is in the pits. You do not have to worry about identity theft because no one would want your score. That’s the good news. The bad news is that you are in a bind and need ready cash for your business. Can you get a cash advance if you have bad credit?
Absolutely – especially if you deal with First American Merchant Funding! Instead of looking at your past, they look toward the future. They evaluate the potential of your business to help you succeed. You are more than a FICO score.
It is amazing that bankers will allow businesses with bad credit to apply for a small business loan. Maybe they think if they tell you all the paperwork you need to come up with you’ll go away without them having to hurt your feelings. Then you deliver all the paperwork and they make you wait for weeks. This time they think if they make you wait long enough you’ll go away. But you don’t. After four weeks of a run-around they decline your application. They knew without a doubt they were going to decline it four weeks ago. Meanwhile you are in a bigger financial hole.
Instead of requiring you all the documentation, First American has a relatively short form to complete. It’s quick and easy with no risk or obligation. There are no upfront costs or collateral requirements. Once your application is received, a financial consultants will contact you within 24 hours. Generally within a day or two you will be notified if a decision. Within seven working days your business can receive the funding you need to get back on the road to success.
If you already accept credit and debit cards for payment, you are over the first hurdle. You will be adding another source of income for your business and another avenue to obtain cash when you need it. Unlike a bank loan, there’s no pre-set monthly repayment schedule. There is a flexible cash remittances that can adjust to your revenue. Should your business have a down week, your remittances will reflect the decrease in revenue. There’s no monthly check to cut and mail out; repayment is made securely and automatically.
If you need a merchant cash advance for a business with bad credit, stop worrying and call First American Merchant Financial right away.