AmeriMerchant

AmeriMerchant is a New York City based financial firm founded in 2002 by CEO David Goldin.  It is one of the top merchant cash advance firms in the industry, boasting a 90% merchant approval rating and offering competitive rates and excellent customer service to a wide variety of small to medium size businesses.   They were present from the beginning days of the industry, and have emerged successfully from the current financial crisis by investing heavily in the restaurant industry.  They have expanded into California with offices in San Mateo.  Applications are processed within 24 hours, and funds are available within 7 business days provided all paperwork has been submitted.  Merchants must be processing a minimum of $5,000 in Visa/MasterCard for at least 60 days and are generally approved for 120% – 130% of what they are processing.  Merchants need to be current with their landlords, and have no open bankruptcies within the last 12 months in order to qualify.  To apply with AmeriMerchant click here!

Overall Rating:  3.9

1)      Documentation needed for qualification: Application + 4 months processing statements + 3 months bank statements- 3 stars

2)      Application processed within: 24 hours – 4 Stars

3)      Max Qualification: $200,000 – 3 stars

4)      Minimum Merchant Processing $5000 – 4 stars

5)      Factor Rates (Cost of the money): 1.32 – 1.52 – 3 stars

6)      Ability to Qualify Merchants with poor credit – 4 stars

7)      Length of time Merchant in businesss: – 3 months – 5 stars

8)      Customer support and extended relations: Excellent – 5 stars

9)      Merchant Processing Solutions: Not Advertised

10)  Next day funding:  Not Advertised

11)  Methods of Funding: Not Advertised

12)  Prepay Option: Not Advertised

13)  Finder’s Fee: No hidden Fee’s – 5 stars

14)  Time takes until Funding: 7 business days – 3 stars

15)  Referal Rewards: Not Advertised

16)  Additional Types of Loans:  None – 0