retail-sales_1Consumers are opening their wallets again, albeit slowly. Consumer retail spending rose slightly in May 2014. Spending was up over 4% from May 2013. It shows economic growth, and it also represents that this is a great time to start up a business. However, if you are hesitant about a business loan, you are not alone.

Business loans are slowly becoming a thing of the past. There are many reasons why business owners are turning against them, from the uncertainty of banks due to the economy to the massive interest rates associated with business loans. You may be thinking, “Well, if business loans are not an option, what is?” Retail business cash advance is the option. While they are not well known, they are a great alternative to a traditional business loan. Not all merchant account providers offer these services, and it is important to ask instead of just assuming.

Many business owners think a merchant cash advance is a short-term loan, or a high interest advance. In actuality, it is simply a sale. First American Merchant’s business cash advance is purchasing your future sales at a discount. We at First American Merchant and the merchant agree to the amount of sales being purchased and for what discounted cost. A merchant cash advance approval is based on business performance rather than personal credit, time in business or financials. With a merchant cash advance, there is no need to write a check every month, your payments are automatically held from your credit card transactions. There is no fixed monthly payment. This is great, since we all know that business income can vary, especially with a young company. For your business monetary needs, look no further than First American Merchant.

The raise in retail spending shows that the economy is growing. This is the perfect time open a new business and you can do it without having a business loan. You can instead invest in a retail business cash advance program, like the one we offer at First American Merchant. We know businesses, especially small businesses, and are always there when you need us, for any business financial matter.

Contact us to set up a Merchant Cash Advance today! 

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