ach business loansThe old saying that it takes money to make money is true most of the time. It is certainly true when you are trying to turn leads into sales. If you have the lead most likely the competition has the lead as well. Your offer and marketing has to make your product or service stand out. It is wonderful that you believe your product is the best. If you didn’t have faith in your own product you should not be in business. Oftentimes it takes a little extra to bring your prospect around to your way of thinking. Landing just a few of these sales would put you back on top. However your marketing dollars are non-existent because sales have been so slow in the past few years. It may be time for an ACH business loan.

For example you may be selling computer hardware or industrial equipment of some kind. In the past you sold a one year service contract for a certain amount of money. You want to offer a free one-year service contract with any sale in the next 30 days. You definitely need a reserve for the man hours for the service. That costs money.

It may be that your website is outdated or behind the times. You wrote it because you could not afford a professional. In order to attract customers who believe you are upper echelon you have to walk the walk and talk the talk. This means your website needs to be outstanding. You must hire a professional to raise the bar. The professional writer could help in other ways as well. You could send an email blast to ‘preferred’ customers offering a discount for the next 15 to 30 days.

You may think this all sounds great but it takes everything you have to keep afloat. You are aware that the money you would be spending would be an investment in permanently increasing sales. You feel you are facing a conundrum. This is where an ACH business loan excels.

While most cash advance lenders require that you accept credit and debit cards, First American Merchant Financial has a program designed specifically for those on a cash (check) basis only. Approval is based on the gross deposits into your business account and payments are deducted in small amounts by ACH. A business owner can qualify with a low FICO score of 500, sometimes less. He must have been in business for at least six months, have a minimum of $10,000 deposited into the business checking account each month, and have no more than three NSF’s per month.

All you need for approval is need 3-6 months of business bank statements, a copy of your driver’s license, a copy of a voided check and a copy of your lease with landlord contact information. You can receive your funds in as little as five days.

If you need an ACH business loan do not delay in contacting First American Merchant Financial. The sooner you apply, the sooner you can have your cash.

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