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Why Your Small Business Should Apply for a Cash Advance

As you grow, there are countless reasons and situation in which your business will need extra cash. Expanding your business and investing in a new marketing strategy require working capital. New equipment, hiring new staff and increasing inventory require cash. When you experience slow periods and need an influx of capital, you will also need a source of additional funds.

Does this sound like your small business’ current situation? Do you have plans to expand your operation? Consider the following reasons why a small business cash advance from First American Merchant may be your best funding option.

Credit score is not an issue

Even businesses with poor or no credit can secure a merchant cash advance. With many merchant cash advance providers, no credit check is required to receive funding. This is one of the biggest reasons why more and more small businesses are turning to this financing option. Traditional bank loans are hard to find and require stellar credit. Alternative providers, on the other hand, specialize in working with merchants that struggle with their credit score.

Receive funding in 24 hours

Traditional financing requires endless paperwork and wait times. Your business could wait weeks or even months to hear whether it has been approved, only to learn your application has been denied. With a merchant cash advance, you can apply, have your account setup and receive funds in as little as 24 hours. No hoops to jump through, and no time-consuming tasks to complete.

High risk factors are not a problem

Another big benefit, tax liens, judgments or bankruptcies do not disqualify you from receiving a cash advance. In most cases, your small business can still secure working capital even if you have a lien or judgment against your business. You can also receive funding with an open bankruptcy.

Complete control of funds

Deceivingly, some small business financing is not as flexible as they initially seem. There are actually requirements on how you can to use the money you receive. A merchant cash advance, on the other hand, really is flexible. A merchant cash advance provider like First American Merchant understands that you know your business better than anyone, and how those funds need to be put to use.

Seamless online process

The advantage of applying for a cash advance online is how easy and quick the process is. You can complete the application in a matter of minutes right from the comfort of your home or office. All required documents can be sent online or via email, and you don’t have to wait days or weeks for a decision.

Why work with the team at First American Merchant?

First American Merchant is an industry leading merchant cash advance provider. As a high-risk processor, our services meet the needs of many different business types and industries, including: gaming, travel, construction, nutraceutical, warranty, credit repair, and many others. Our team of experts have years of experience in helping businesses with less than stellar credit and other issues (tax liens, bankruptcy, etc.) get the funds they need to get back on track.