OTHER SERVICES
WE ALSO PROVIDE THE FOLLOWING SERVICES:
1.Consumer Financing
2.Cannabis cashless payments
3.Dispensary Funding
4. Business Credit+Funding
5.Shelf Corps
6.Mergers & Acquisitions
What Is a Cashless ATM?
Cashless ATMs are payment terminals that allow customers to make purchases using a debit card like they would if they were using an ATM to withdraw cash. These terminals are also referred to as point-of-banking technology or solution.
The difference is that instead of you getting the cash, the funds are directly deposited into the account of the merchant.
This system was designed as a way to provide an alternative payment option for businesses that were seen as high-risk, such as legal medical marijuana dispensaries. It was also used for businesses that typically accepted cash as the main form of payment and that were considered “blacklist”.
CONSUMER FINANCING
First Financial of North America’s Easy Customer Financing Program Make Products And Services More Affordable
First Financial of North America provides access to leading lenders that compete against each other to provide your prospective customers with competitive offers so they can complete their purchase with your business. Even people with less than good credit (as low as 500 FICO Score) have a chance to find the loan they need.
Imagine, having your very own in-house financing option to present to consumers as a payment option.
MERGERS AND ACQUISITIONS
Perhaps you are not ready to retire today but would enjoy the security of converting some of your equity into cash in order to have some liquidity rather than having the majority of your net worth tied up in your business.
With your experience in running your business, you recognize certain opportunities for growth but are hesitant to invest the additional capital to make it happen.
Economic changes are bound to affect your business and you know that it would be wise to consider joining forces with another business in your industry to preserve your market position.
You would like to sell the company and either retire immediately or within the next one to two years.
First Financial of North America is proud to accomplish all of the intricate steps involved in bringing an interested acquirer to the table. Bringing about a successful transaction involves timing, talent, experience, and practice, among many other attributes.
BUSINESS TRADELINES
A business tradeline is a credit account between a business and vendor. Typically, a supplier or vendor will offer the business payment terms such as net-30, which means the business can pay for purchases in 30 days, rather than upfront. Net-30 accounts can improve the cash flow of the business since goods or services don’t have to be paid for upfront.
Business tradelines can be a valuable tool when it comes to preparing your business for financing.
CANNABIS BUSINESS FUNDING
One of the major hurdles for Michigan cannabis business owners is finding financing for their medical and recreational marijuana projects. Due to the fact that marijuana is considered a controlled substance under the Controlled Substances Act, traditional bank and credit union financing is not available to plant-touching cannabis businesses. While it is certainly more difficult to obtain financing for your cannabis company, it is not impossible. Contact us today!
REVOCABLE LIVING TRUSTS
A trust is a legal entity created to hold and manage assets. It is created for the benefit of its beneficiaries, which can include the person who establishes the trust. Revocable living trusts are often used as an alternative to a will in estate planning to avoid the probate process.
A trust can be used to not only protect you against potential hazards of unexpected crises, but it can also provide you with more flexibility and greater control over your estate, addressing concerns that you already may be aware of regarding the probate process, inheritance timing or beneficiary issues.
The primary reasons to consider a revocable trust include:
- Avoiding guardianship
- Avoiding probate
- Preserving assets
- Controlling inheritance timing
- Maintaining privacy
- Reducing estate taxes
- Providing for a special needs child
