A merchant cash advance (MCA) is a business funding alternative that’s become one of the most popular forms of financing for small business owners. Today, many merchants choose an MCA over traditional business funding.
What You Should Know About MCAs and Cash Advance Agents
If you think a merchant cash advance is a short-term loan or a high-interest advance, be aware this is simply a sale. E.g., First American Merchant, a reputable MCA provider, just purchases your future sales at a discount. You and FAM agree to the amount of sales being purchased and for what discounted cost.
Merchant cash advances can also be defined as a form of online lending. Much of the selling of these products happens offline by brokers who call and visit clients. Many companies offering MCAs depend on these independent sales agents to connect entrepreneurs who need a merchant cash advance.
The merchant cash advance industry is growing with rapid advances. If you’re interested in becoming involved in the merchant services industry, consider turning to First American Merchant. With FAM, you can become a successful ISO cash advance agent. Firstamericanmerchant.com is an award-winning alternative online lender and a reputable payment processor that serves both traditional and high risk businesses.
Advantages of Becoming a FAM Cash Advance Agent
There are a number of advantages for those who have decided to become a cash advance agent. By enrolling in First American Merchant Funding Agent Program, you can have even more options to take advantage of. This program enables agents to gain access to the industry’s largest network of ISOs, PSPs (payment service providers), and banks.
There is nothing difficult about the enrollment process. You just need to complete and submit an agent agreement form. You’ll deal with an agent support representative. Once you finish the process and become an agent, you’ll get access to a large number of processors and banks.
Apart from the simplicity and numerous options, First American Merchant offers you the highest commissions and residuals in the industry. The flexible pricing programs and buy rate options can help you, as an agent, make what you want on an account.
Other cash advance agent benefits offered by First American Merchant include:
- Merchant cash advance, ACH/Bank Only and SMB loans
- In-house funding an underwriting
- High risk merchant acceptance
Become a cash advance agent and use the benefits the growing merchant cash advance industry to your advantage. With Firstamericanmerchant.com, you can enjoy simplicity, numerous funding solutions and high commissions that are unmatched in the industry.