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Merchant Cash Advance1-10 Employees
  • B2B
  • Early Stage
    Startup in initial stages
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Merchant Cash Advance
firstamericanNYC.com provides funds to small business owners in exchange for a percentage of the business's income over time. The total amount to be repaid is calculated by a Factor Rate, a multiplier generally based on a business's financial status. Because our products is not a loan and providers do not report your payment history to the business credit bureaus, it does not affect or strengthen a business credit profile.
Factoring our products works when a financing company provides working capital to a business that has unpaid invoices from creditworthy customers. The business can get up to 90% of the invoice amount the same day if you are a service-based company. The balance of the invoice is paid once the customer pays in full.
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