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Get Approved for an ACH Loan

Are you looking for business funding for your company? Take the time to do some research and find a reputable business loan provider that will help you take your business off the ground and grow. Consider turning to, an award-winning business loan provider and high risk processor that boasts an A+ rating with the BBB.

First American Merchant offers the following types of business funding to merchants so that they can take their business to the next level:

  • Merchant Cash Advance
  • ACH Program
  • High Risk Business Funding
  • Consumer Financing

ACH “Bank Only” Program from First American Merchant

If you’re interested in an ACH loan, FAM can be the best choice for your business needs. First American Merchant’s popular ACH funding program is called “Bank Only” funding. Thanks to FAM’s ACH “Bank Only” Program, you can get funding even if you don’t have a merchant account.

The majority of merchant cash advance and business funding companies will approve you for funding only if you accept credit cards. First American Merchant can base its approval on your gross deposits into your business checking account.

FAM will take into account your bank deposits and make a daily ACH withdrawal based on your gross sales. So, FAM gets paid when you get paid. On the other hand, FAM may set up a fixed daily ACH amount taking into consideration the historical sales history for your business.

To qualify, you should:

  • Have 500 FICO score
  • Be 6 months in business
  • Have 10k in gross monthly deposits
  • Have less than 3 NSF’s per month

How Does FAM’s ACH “Bank Only” Program Work?

First American Merchant will evaluate your gross monthly deposits into your business checking account over the last 3-6 months. You’ll obtain funding based on the number of deposits and the average monthly revenue of your business.

With FAM’s ACH funding program, you won’t have any tax returns. No financials are required to receive funding. FAM will just require:

  • Your 3-6 months of business bank statements
  • A copy of your driver’s license
  • A copy of a voided check
  • A copy of your lease with landlord contact information

Your funds will be available in as little as 5 days. There is nothing difficult about the payback. FAM will collect a fixed amount from your business bank account on a daily basis.