First American Merchant provides the ever-growing number of Hispanic business owners with the cash advances they need to grow their business
FOR IMMEDIATE RELEASE
Los Angeles, California - First American Merchant (FAM) is an award-winning business loan provider and payment processor that specializes in providing services to high-risk businesses and industries. Without the opportunities alternative lenders like FAM offer, these industries struggle to find solutions elsewhere; traditional lending sources typically refuse to work with businesses categorized as “high risk”. FAM’s business funding solutions offer merchants of any type and size the flexibility they need to grow, including Hispanic business owners.
According to the team of experts at FAM, “The Census Bureau reports nearly 55 million Hispanics live in the United States, which represents almost 17% of the US population. The number of businesses owned by Hispanics throughout the country reaches over 4 million.”
Through FAM’s online application, Hispanic business owners can now quickly apply for a cash advance. Because approval for a merchant cash advance is based on the business’ performance rather than personal credit, time in business or financials, this option has become increasingly popular. It provides the business owner with the cash it needs to fund growth, minus the long wait period experienced with a traditional lender.
After completing the simple, hassle-free application process, the merchant will receive their funds in as little as 72 hours – if not sooner. The easy collections process involves payments being automatically withheld from the merchant’s credit card transactions, and there are no fixed monthly payments. If a merchant experiences a slow month, the payment will be lower. During busy months, the payment will reflect the boost in sales. Ultimately, a merchant’s payment is a percentage of the business’ daily sales. According to FAM, “we get paid when you get paid”.
“Business is changing, and we're thinking of new and interesting ways in which we can help put you at the forefront of that change.”
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 businesses considered to be “high risk”.