Today a very successful business owner from Key West Florida worked with us to get a cash infusion for his business to help bridge him for the next two weeks until the Holidays hit and the Cruise season starts. The Owner has an internationally renowned dessert shop and has been showcased and featured on several […]
Credit Card Processing Loans Helping Businesses Succeed
Posted on October 31, 2023 //
This has been a great month for Fast Merchant Advance in helping many merchants secure loans against their credit card processing. Some notable accounts we have helped support include: A new restaurant in New Mexico that needed $50,000 to complete the opening and have a cash buffer while they get established. They used our merchant loan ACH product which is essentially a daily set payment amount over […]
Reasons To Choose Fast Merchant Advance as Your Merchant Cash Advance Provider
Posted on September 17, 2023 //
Why does it seem like lately there are hundreds of Merchant Cash Advance companies in business? For example, try this right now, do a GOOGLE search using the term “Merchant Loans” and you will see what I mean. When Fasts Merchant Advance first became involved in this Industry it was still very much an emerging […]
Merchant Cash Advance, an alternative to Small Business Loans
Posted on August 26, 2023 //
Small business owners have been complaining about how challenging it is to secure a small business loan from a Bank for the past 4 years. The Government provided lots of cash infusions to help the crippled economy but not much of that stimulus has landed into the hands of the merchants that truly need it […]
Working Capital for Merchants Looking To Hire More Employees
Posted on March 30, 2023 //
In the service and retail industry, employees are the backbone of a business. Hiring the right staff to keep the business alive is a not a cheap expense. As a business grows, more employees are needed to continue to ensure the business operates smoothly, allowing the owner to work on growing the business further. A […]
What Is A Merchant Cash Advance? A Simple Explanation.
Posted on March 22, 2023 //
A common question amongst business owners looking to secure financing for their business is: “What is a merchant cash advance?”. Consider this example: The main dispensing machine in a frozen yogurt shop stops working. The business owner calls for the technician to come and repair the machine. Unfortunately, the tech tells the business owner that […]
Need a Business Line of Credit? Apply for a Merchant Cash Advance.
Posted on March 20, 2023 //
Recently, credit lines have been drastically cut, directly affecting small businesses. Once a small business may have had a $100,000 line of credit, now they may only have $50,000. This has caused a strain for a plethora of entrepreneurs, making it more difficult for them to keep on running their business. Unfortunately, these credit lines […]
Why You Should Use A Merchant Cash Advance?
Posted on March 11, 2023 //
More and more business owners are seeking alternate funding sources in 2023 since the banks are still making it challenging for business owners to secure traditional loans or working capital. Alternate funding sources are more likely to approve a business for a cash advance because this is not a traditional loan product but more of […]
The 411 on Merchant Cash Advances
Posted on October 30, 2023 //
If you find yourself in the position of needing money for your business, one of the best and fastest options to get a cash advance for business is to apply for a merchant cash advance. What is a Merchant Cash Advance? A merchant cash advance works by allowing us to purchase a portion of your future […]
Advantages of a Merchant Cash Advance Over a Bank Loan
Posted on August 10, 2023 //
Odds are if you have less than good credit, most financial institutions will deny or decline a small business loan. The good news is that this isn’t your only resort. With a merchant cash advance, small business can get the working capital they need as the requirements for a merchant advance are different from a […]
New Orleans is swinging again. Merchant Cash Advances and Gift Card Programs Available
Posted on May 16, 2023 //
It’s been several years since the disaster in New Orleans occurred. It was hard to believe (then) that the city would ever regain it’s flavor, and become a viable place to live, visit, and play. That day has happened, and that day is now. The city is back on it’s feet, and better than before […]
What documents are needed when applying for a Merchant Cash Advance
Posted on May 13, 2023 //
When a new merchant comes to us for a merchant cash advance, and decides to move forward with the application process, there are other documents we need to receive in order to correctly underwrite a merchant cash advance. Compared to loan/advance industry standards, Fast Merchant Advance makes this step fairly easy. Banks, as well as […]
Merchant Cash Advance Requirements – Who Can’t We Fund?
Posted on April 19, 2023 //
We’ve written all about what types of merchant cash advances we can do, but haven’t mentioned the types of merchant advances we can’t fund. There are certain industries that we simply cannot work with either because of their business nature, or simply the risk is too high. If a merchant’s business is a restaurant, retail […]
PCI Compliance – Free PCI Compliant Credit Card Machine
Posted on April 17, 2023 //
We all live in a world where everything is moving from manual processes to electronic. With new technology comes a new responsibility, especially when dealing with sensitive information, such as credit card data from merchant to merchant. With the increase of electronic fraud reported, it has now been mandated that we must take extra measures […]
Merchant Cash Advance – Split Funding to Settle Back Rent
Posted on April 13, 2023 //
Merchant Cash Advances can be used for a variety of uses, not just expansion and marketing campaigns. In some cases, a business owner will come to us in need of working capital to catch up on past due bills and other debts such as tax liens. Unfortunately not everyone will qualify for a merchant cash […]
What is the Difference between a Merchant Cash Advance and a Traditional Bank Loan?
Posted on March 25, 2023 //
There are vast differences between a traditional bank loan and a merchant cash advance. A merchant cash advance, although more expensive is actually much more flexible that a standard bank loan. A bank loan, especially these days is an extremely hard thing to come by. Not only are the requirements unbelievably stringent, but the rates […]
Merchant Cash Advances in the Improving Economy
Posted on March 23, 2023 //
You’ve probably heard people talking, as well as on the news that the US economy is getting better each day. Although, the economy is not back to where it once was, it certainly is on the rise. Consumers are starting to come out of “spending hibernation” and begin to shop, eat at restaurants, and take […]
Why Full Disclosure is Important when Applying for a Merchant Cash Advance
Posted on March 10, 2023 //
At Fast Merchant Advance we enjoy helping merchants obtain working capital to help their businesses grow, and thrive. We have a very simple underwriting process that we must complete before we are able to offer that working capital. Generally, our underwriting process takes 2-3 business days and involves such things as checking trade references, bank […]
The Best Alternative to Bank Loans: Merchant Funding
Posted on February 5, 2023 //
It always seems as if banks never want to loan to small or medium sized businesses and are constantly cutting back on the amount of money that they do choose to loan every year. For a small business, trying to get approved to take out a large loan from a bank means facing high interest […]
Failed your Short-term Obligations? Working Capital Programs to the Rescue
Posted on February 3, 2023 //
Working Capital is needed for any business to be able to grow and further expand. In challenging economic conditions it can be difficult for small and medium sized businesses to find enough working capital to be able to buy inventory or pay off short-term loans, and without working capital many businesses can fail or even […]
