With FAM, even business owners that struggle with bad credit and/or businesses with a high risk categorization can secure the cash they need. Merchant cash advances have quickly become one of FAMs most popular forms of financing. In fact, more and more businesses are choosing the merchant cash advance over traditional business funding. Where traditional business funding involves strict credit requirements and extensive documentation, a merchant cash advance with FAM entails a simple, hassle-free documentation process and credit issues are not a problem. Credit scores below 500 are approved, and no tax returns or financials are required. Instead of losing hours of their time to collect and submit the correct documents, business owners can receive their funds in as little as 72 hours, if not sooner. According to FAM, merchant cash advances are not the same as a short-term loan. A merchant cash advance is in fact a sale. FAM is purchasing the business future credit sales at a discount; this discounted cost and the amount of sales is first agreed upon by both parties.
The Business Finance Advance Advantage Get Up To $2.5 Million per location Receive Funds in 7 Days or Less No FCC filing on your personal credit report In Compliance loans for starting a small business with all State and Local Regulations OnDeck launched in 2007 to solve a major issue facing small businesses: efficient access to capital. I value my time and Capital for Merchants understands this fact.” Business Cash Advances from National Funding offer many convenient features, including: No hidden fees or upfront costs Every business owner runs into the need for cash from time to time. As a result, many borrowers turn to other options, like an on-line small business loan, which offers many of the same conveniences and potentially at a lower premium than many macs. The main criterion for receiving a Merchant Cash Advance is to have a predictable credit card sales volume. A merchant cash advance allows a business owner who accepts credit card payments or has other payment or receivables streams to obtain an advance of the funds regularly flowing through the business’ merchant account. Your credit score may be pulled. And, should transactions be lower on any given day, the draw from the merchant account will also be less. Get up to 250% of your monthly credit card sales volume in one lump sum to take care of the things you need for your business.
We understand that financing a small business can be a challenge that requires more time than most small business owners have in a day. “I would just like to say thanks to Capital for Merchants. When the repayment schedule is based on a fixed percentage of your sales, repayments adjust based on how well your business is doing. Basically, the small business is selling a portion of future revenues or credit card sales to acquire capital immediately. Paying back any number of merchant cash advances completely will not improve your business credit.