It’s easy to see how businesses are considered high risk if they have bad credit, past business history, bankruptcy, and outstanding tax liens. But did you know that businesses could be classified as “high risk” even if a merchant has perfect credit, an A+ rating with BBB and no customer complaints? Multiple factors are considered when categorized as “high risk” and in this current economy, new business ventures are labeled high risk. Many businesses are classified as high risk from the beginning because they work in certain sectors.
New businesses may find themselves strapped for cash and Merchant cash advance has become the alternative business loan for financing small business owners. Many are now choosing a merchant cash advance over a traditional bank loan because it offers them flexible payment schedules and can approve credit scores below 500.
A merchant cash advance is not a short term loan or a high interest advance. It is a simple sale. Merchant cash advances purchase your future sales at a discount. Both parties agree to the amount of sales being purchased and for what discounted cost. After being approved you receive your funds after 72 hours. 1st American Merchant Advance has simple, flexible programs and no tax returns or financials are required.
The benefits of a merchant cash advance include high approval rate, fast funding & easy renewals, simple “no hassle” payback, revenue based collections, and no credit or collateral on the line. Getting a traditional loan from the bank has strict credit requirements and long wait times for funding. At 1st American Merchant Advance we deliver fast application approval and simple contracts. Get a business cash advance to get your business moving forward.
We offer you step-by-step straightforward deals to help with any merchant account issues. First American Merchant continues to help merchant accounts to recovery.
Contact First American Merchant today and get approved in as little as 48 hours.