Finder may earn compensation from partners, but editorial opinions are our own. Advertiser Disclosure

First American Merchant business loans review

Find a merchant cash advance through this connection service even if you’re in a high-risk industry.

  • Best for high-risk, consumer-facing industries.
  • Pick something else if you can qualify for a traditional business loan.
No reviews yet. Write a review


Max. Amount$250,000
Min. Credit Score500
RequirementsSix months in business, 500+ credit score, $10,000+ gross monthly deposits, no more than 3 NSFs per month on your bank statements.

Through the ACH business funding program, you can typically get an advance based on around four months of gross deposits into your business’s checking account. With the cash advance program, your advance is usually based on a three- to six-month average of your business’s credit card sales.

It doesn’t check your credit score when you apply, so that won’t affect your rates and terms.

What do I need to qualify?

First American Merchant doesn’t disclose specific requirements for its cash advance program. But to qualify for an ACH advance, you must meet the following requirements:

  • Personal credit score of 500 or higher
  • At least six months in business
  • At least $10,000 in gross monthly deposits
  • Less than three nonsufficient funds per month listed on your bank statement

You may be able to qualify for a cash advance even if you don’t meet these requirements, depending on your credit card sales.

What information do I need to apply?

You’ll need to have the following information when you apply for an advance through First American Merchant:

  • Copy of your driver’s license
  • Voided check or bank letter
  • Copy of your business’s lease
  • Three months of bank statements
  • Three months of credit card processing statements

What industries does First American Merchant work with?

First American Merchant works with a wider range of industries than your average provider. It can find funding for businesses in high-risk industries like construction and alcohol sales. And it even has a special program for cannabis businesses.

What other types of financing does First American Merchant offer?

First American Merchant also has a point-of-sale financing solution for your customers and a special cash advance program specifically for the cannabis industry.

Medical marijuana merchant cash advances

Some of First American Merchant’s partners offer merchant cash advances to medical marijuana companies. You can apply as you would through the cash advance or ACH advance program, but loans are limited to between $2,500 and $100,000.

Consumer financing through First American Merchant

First American Merchant also offers financing that your customers can use to make purchases. Through this program, your customers can borrow up to $5,000 with a loan term of 3, 6 or 12 months, and your business will get paid in full within three days of the purchase.

Pros and cons

Weigh the benefits and drawbacks of working with this service before you sign up.


  • Works with all credit types
  • Available to high-risk industries
  • Turnaround as soon as the same day


  • Not transparent about rates and terms
  • Not a direct lender
  • Traditionally high-cost product

Compare other alternative business loan providers

Name Product Filter Values Loan amount APR Requirements

Biz2Credit business loans
Finder Rating: 3.75 / 5: ★★★★★

Biz2Credit business loans
$25,000 – $6,000,000
Starting at 5.99%
6+ months in business; $100,000+ monthly revenue; 500+ credit score
Get only the capital you need through secure, prescreened lenders with this highly rated company offering SBA, expansion, working capital and other loans.

OnDeck short-term loans
Finder Rating: 4.6 / 5: ★★★★★

OnDeck short-term loans
$5,000 – $250,000
As low as 35%
600+ personal credit score, 1 year in business, $100,000+ annual revenue, active business checking account
A leading online business lender offering flexible financing at competitive fixed rates.

Fora Financial business loans
Finder Rating: 4.1 / 5: ★★★★★

Fora Financial business loans
$5,000 – $500,000
6+ months in business, $12,000+ monthly revenue, no open bankruptcies
Get qualified for funding in minutes for up to $500,000 without affecting your credit score. Best for companies with at least six figures in annual revenue.

Lendio business loans
Finder Rating: 4.75 / 5: ★★★★★

Lendio business loans
$500 – $5,000,000
Starting at 6%
Operate business in US or Canada, have a business bank account, 560+ personal credit score
Submit one simple application to potentially get offers from a network of over 300 legit business lenders.

ROK Financial business loans
Finder Rating: 4.7 / 5: ★★★★★

ROK Financial business loans
$10,000 – $5,000,000
Starting at 6%
Eligibility criteria 3+ months in business, $15,000+ in monthly gross sales or $180,000+ in annual sales
A connection service for all types of businesses — even startups.

Compare up to 4 providers

Is First American Merchant legit?

Yes, First American Merchant is a legitimate connection service. It’s licensed by the California Department of Business Oversight and it’s also a member of the Electronic Transactions Association (ETA), which sets industry standards for companies that process online payments.

You can read about how it uses your information inn its privacy policy. But because it’s a connection service, rather than a lender, you won’t be able to know how its partners use your information until after you sign up.

First American Merchant reviews and complaints

BBB accredited Yes
BBB rating A+
Customer reviews verified as of 12 October 2020

There are no reviews of First American Merchant on its BBB page. Previously, it had one review: A complaint about giving First American Merchant their bank login credentials before being rejected. First American Merchant responded, explaining the application process and why that borrower was rejected.

How do I sign up?

You can either get started on your application through its website or over the phone. To apply over the phone, call 800-210-5649. Follow these steps to apply online:

  1. Go to the First American Merchant website.
  2. Click Get started.
  3. Enter basic information about your business and its website and the type of funding you’d like to apply for and click Continue.
  4. Enter your contact information and create a password. Read the disclosures before hitting Continue.
  5. Follow the directions to fill out more details about your business and upload documents before signing and submitting your application.

What happens after I sign up?

After you send in your application, wait for First American Merchant to submit applications on your behalf to a handful of its partner lenders that it thinks might best meet your business’s needs. It should get back to you with offers within a day or two.

Once you receive your offers, you can submit any additional documentation if you decide to go through with a lender. Review the terms and conditions before you sign the contract.

You can get your funds as soon as the same business day in some cases. But merchant cash advances typically take around three days to get your funds, while ACH loans can take at least five days.

How do repayments work?

Most businesses start to make daily repayments through a percentage of your daily sales — whether that be credit card transactions or deposits into your business bank account. But some might qualify for repayments once or twice a week, or even once a month.

Regularly check in on your bank account and loan balance to make sure everything is running smoothly. If you have any questions or notice an error, reach out to customer service as soon as possible by calling 800-210-5649.

Read our guide to business loans to see how First American Merchant stacks up to other lenders.

Frequently asked questions

Review by

Anna Serio is a trusted lending expert and certified Commercial Loan Officer who's published more than 1,000 articles on Finder to help Americans strengthen their financial literacy. A former editor of a newspaper in Beirut, Anna writes about personal, student, business and car loans. Today, digital publications like Business Insider, CNBC and the Simple Dollar feature her professional commentary, and she earned an Expert Contributor in Finance badge from review site Best Company in 2020.

Expert review

First American Merchant is a connection service that specializes in merchant cash advances, which offer an advance on your business’s future credit card sales or deposits.
It could be a good choice if you’ve struggle to qualify for a loan because of your industry or credit score. It even has options for the cannabis industry.

But merchant cash advances are high-cost compared to other financing options — think APRs of 300% or higher. This service is generally best for when you’ve considered all other options.

Still on the fence? Check out our list of other lenders to find one that’s right for you.

Ask an expert

You are about to post a question on

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms of Use and Privacy and Cookies Policy.
Go to site