Are you the owner of a high risk business? If so, you’ve probably realized how difficult it can be to acquire a small business loan. Now you have the ability to get loans with fair rates and favorable terms that will help your business grow. The alternative lending sector provides short term loans with fast approval time and less strict requirements. Online merchant cash advance organizations like First American Merchant know how to navigate the peaks and valleys of the high risk industry. If you are a high risk merchant, consider partnering with an alternative lender.
To acquire a small business loan from a traditional lender, merchants must undergo extensive financial background checks. This means that merchants with low credit scores will more than likely be rejected for loans. Alternative lenders can now choose merchant advances to get fast cash for their business needs. Lenders like First American Merchant, purchase merchant future sales at a discount. Merchants decide the amount of sales that will be purchased and for what discounted cost. This arrangement is optimum for many business owners since they won’t have to pay back a specific loan amount by a certain time. This means that high risk merchants will never be at risk for default like with traditional loans.
Does a merchant cash advance seem like a viable option for your business?. The following are all you need to have in order to get a First American Merchant cash advance:
- Credit Scores Below 500 Approved
- Receive your Funds within 72 Hours
- Simple, flexible programs
- No tax returns or financials required
- Fast Application Process
The following are additional advantages to pursuing a merchant cash advance: (1) flexible cash flow system that allows merchants to pay less on slow days (2) no fixed monthly payment (3) no checks (5) merchant cash advances are able to be used for any business. If you are starting a new high risk business and need quick cash with few requirements – look no further.