FAM Provides Merchant Loans for "Hard-to-Approve" Merchants

April 11, 2016 - PRLog -- Los Angeles, California - First American Merchant's (FAM) merchant loan services are quickly becoming a popular alternative for businesses that have been turned away by traditional lenders. Traditional business funding can be incredibly difficult to obtain, especially if the business is categorized as being "high risk". Bank loans involve strict credit requirements and a lengthy application process, which can still result in being turned down.

First American Merchant's popular ACH funding program allows merchants to secure the funding they need - even if they don't have a merchant account. This provides the business with the working capital it needs to take advantage of opportunities and address needs when they arise. Unlike working with a bank, FAM provides access to funds at a reasonable cost. In addition, the process is simple, fast and hassle free.

The requirements with FAM are straightforward. In order to qualify, a merchant must have a FICO score of 500, be in business for at least 6 months, have 10k in gross monthly deposits and have less than 3 NSF's per month. Upon submitting an application, merchants hear back in as little as 72 hours, if not sooner. The industries FAM offers financing for include: automotive repair, auto sales, appliance sales, medical and dental services, furniture, exercise equipment, electronics, veterinary service, among many others.

"We understand the challenges that high risk business models face…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". For more information, visit: www.firstamericanmerchant.com.