Cash advance for small business - American Microloan

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	HELP FOR OUR CUSTOMERS can be found here 24-7. We've compiled a list of the most frequently asked questions to begin your search for answers. If you can't find the answers you're looking for, please use the form to the right, and we'll respond within 24-48 hrs. For immediate help, call our Help Center at (866) 227-4456 or email us at cs@AmericanMicroloan.com.


	Select an FAQ from the list below to view answers.
	How easy is it to get approved by American Microloan? I am already with another financing company providing a similar financing. Does that mean I will get approved by American Microloan? Can I receive financing from American Microloan while the financing from another company is still outstanding? Is it going to cost me to apply for American Microloan’s financing? Does American Microloan require a personal guarantee? I have high enough overall sales, but my VISA/MC volume is very low. Is there any way I could receive funding? Can the daily payment percentage be changed after the account has been funded? Can the loan be re-upped? What happens if I need additional funding before my loan is down to the re-up threshold? I need a longer term than 6 months. Do you offer such terms? I find the payment based on the daily sales confusing. Is there a fixed amount payment plan? The standard 15% daily payment isn’t suitable for my business. Can you change the daily payment% to accommodate the needs of the business? If a $10,000 CCRF typically costs $1,000 over 6 months, does it mean I will be charged $166.66 ($1,000 / 6) per month?

	Does American Microloan require a personal guarantee? Yes. American Microloan requires that all owners give personal guarantee. If your business has a silent partner who is not involved in any of the management decisions, we can make an exception if certain conditions are met. The silent partner's personal information must be verified by American Microloan and the collective ownership share owned by the silent partner cannot exceed 20%. The personal information of the silent partner and their collective ownership share must be verified by the corporate charter. Your personal guarantee is kept confidential. It will only become public information only after we obtain a judgment against the guarantor for loan default.