First American Merchant's Cash Advances Provide Much-Needed Flexibility

May 23, 2016 - Los Angeles, California - - First American Merchant (FAM) is changing the way businesses think about funding. Gone are the days where entrepreneurs must wait for lengthy periods of time to receive working capital, only to be denied at the last minute. With FAM, even business owners that struggle with bad credit and/or businesses with a "high risk" categorization can secure the funding they need.

Merchant cash advances have become one of FAM's most popular forms of financing for small business owners. In fact, more and more merchants are choosing the cash advance over traditional business funding. According to FAM, contrary to popular belief, a cash advance is not a short term loan. A cash advance is in fact a sale. FAM purchases the business' future credit card sales at a discount; this discounted cost and the amount of sales is first agreed upon by both parties.

According to the team at FAM, "We get paid when you get paid. Our payment is a percentage of your daily sales."

With traditional business funding, business owners experience strict credit requirements, long wait times for funding, lower approval rates, extensive documentation and complicated contracts. Business owners can devote hours of their time to collect and submit the correct documentation, only to find out later that they have been turned down. A cash advance with First American Merchant, on the other hand, involves a simple, hassle-free documentation process. Credit scores below 500 are approved, no tax returns or financials are required and merchants receive their funds within 72 hours.

"Here at 1st American, we understand the challenges that high risk business models face. In business, growth doesn't always remain on an upswing. There may be dips and valleys along the way. A high risk business usually indicates higher volume and therefore the potential for greater profit. First American has the experience and flexibility from working with this business model to help you achieve success."

Located in Los Angeles, CA, First American Merchant Funding (FAM) boasts a large network of agents and numerous payment gateway options. Focused on "financing the American dream", FAM is proud to offer the services of a full support staff and robust financing options to a broad range of industries. FAM has one of the best approval rates in the business, and specializes in working with business' considered to be "high risk".