Cash advances get a bad rap, due to many companies placing high interest rates on their loans. Many merchants believe that a high risk merchant account cash advance works the same, but in reality it does not. Even so, many doubt that they will be able to obtain one, thanks to their “high risk” label.
While many mainstream cash advance, companies do charge enormous interest rates to individuals and merchants that is not the case with a merchant cash advance from FirstAmericanMerchant.com. Our high risk cash advances are not “loans”; in fact, we consider it to be a sale on your future. When you borrow money through out cash advance program, we purchase a percentage of your future sales. Both parties agree to the amount of sales being purchased and for what discounted cost.
It is a quick and simple process, as well. You can receive your funds in as little as 72 hours after your application. We accept merchants whose credit scores are under 500, which is a rarity. We do not require you to show tax returns or receipts, either, which is the case if you were to take out a small business loan or cash advance elsewhere. Also unlike a small business loan, we do not ask for collateral, as this is not a loan. It’s a quick and simple process to help your business grow, without the added debt. Without revenue-based collection method, we get paid when you get paid. We do not harass you for payment, as the case with many small business loans. We understand that sometimes businesses are more profitable at certain times of the year, and we will not punish you for it.
For more information about obtaining a high risk cash advance, click below