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2016 December Blog Posts

By First American Merchant

Feel free to give us a call for more info 1-800-210-5649

Get Realistic About Small Business Loans

Entrepreneurs who look for business funding to fuel their business ideas should be quite realistic about this. If you’re a business owner with low budget who is seeking a business loan, you have to make a 180-degree attitude adjustment about how you were approaching your lender strategy. First, you have to cut every cost that don’t make any sense and you can’t cover personally. If you see there is no room for empty expenses, you should get your costs way down. So you won’t be obliged to apply for a large sum of money. Second, your own money habits indicate […]

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Where To Look For Small Business Funding

Some business owners use their own resources to finance their startups. Others need additional capital from an outside source. Modern lending landscape is constantly developing, and there are more financing options available to small-business owners nowadays than ever before. Today, non-bank online lenders offer more choices to business owners. It is important to evaluate the pricing, terms and rates offered by each lender and make the right decision. Below you can find the top things to take into account when evaluating lenders: Comprehensive Small Business Offerings Research and assess all the available options. Look for resources that will help you […]

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Getting A Business Loan From An Alternative Online Lender

Getting business funding requires some planning. It is important to gather the required information and documents ahead of time. This will help you go through the whole process easily. Alternative online lenders are a great option to apply for business funding. They offer fast approval and ease of application process, and are increasingly becoming more and more popular. Generally, you’ll be required to provide only 3 or 4 documents. The whole process will take minutes instead of days, and you’ll be able to get your funding in some 24 hours. It’s critical to turn to a reputable business loan provider […]

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When To Seek Funding For Your Business?

Timing is everything for your business. You, as a business, should figure out when it’s time to get business financing and what should be done for this. Here are several important points to focus on when applying for business funding: Good Personal Financial Track Record Make sure all your bank statements reflect fiscal responsibility. Your financial history is important for most lenders. Have a track record to show a consistent payment record. A Realistic Business Plan with Projections for Expansion When it comes to your business plan, prepare a solid business plan that demonstrates how you’re planning to navigate your […]

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Coming Up With The Best Business Plan Ever!

When you’ve already gathered the information you need, you can get down to writing a business plan. In this article, you can find the most important points you should focus on when writing a business plan. Executive Summary The executive summary follows the title page. It tells the reader what you want and what you’re asking for. Business Description First, briefly describe the industry by focusing on the present outlook and future possibilities. Moreover, include some information on the various markets in the industry. Don’t forget to mention about any new products or developments that will influence your business. Market […]

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Startup Ideas That Won’t Get Funded

Venture capitalists and angel investors often receive too many proposals from startups, but not all of them are worth funding. Below you can read the most common mistakes made by startups that don’t allow them to get business funding. Extremely Small Business Idea Make sure to have a company that can grow and become meaningful. Your business idea should be presented in a proper way so to persuade an investor to invest in the next big thing. A Business Plan that Makes No Impression Your executive summary or pitch deck should make an impression on your potential investor. Don’t write […]

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Why Was Your Business Loan Rejected?

Obtaining capital for your small business may be intimidating, especially if you’re a starter. Below you can find 8 reasons your business loan was rejected. Not Being Aware of Credit Score According to a small business survey conducted by Nav, 45% of the entrepreneurs didn’t know they had a business credit score. 72% weren’t aware how they could get information on their credit score. 8 in 10 small business owners had no idea how they could interpret the score. Poor Cash Flow You won’t get approved if you cannot repay your loan each month. You should have enough cash flow […]

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Business Credit Scores

A business credit score is called to assess your business’ creditworthiness and evaluate its ability to pay back a business loan and debt-related obligations. It’s like your personal credit score. If you’re looking for business funding, turn to First American Merchant is an award-winning business loan provider and a high risk processor that offers the best possible rates in the industry. Low credit scores are not a problem for FAM. Business credit scores are granted by 3 major agencies: Dun and Bradstreet Paydex Score The agency issues the Paydex score based on a scale of 0 to 100. The […]

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Top Ways To Fund Your Startup

Without money, you can never take your business off the ground and make your dreams come true. First of all, you should find the necessary business capital to fund your startup so to be able to focus on product development and marketing. If you’re interested in how you could get business financing for your startup, consider one of the options mentioned below. Before you’ll go through all these options, consider turning to a reputable business loan provider like First American Merchant (FAM) offers the best business funding opportunities in the field. As a reliable payment processor, FAM specializes in […]

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Choosing Alternative Funding Options For Your Small Business

With small business funding landscaping changing with rapid advances, modern business owners have more opportunities than ever before. Alternative lending has become quite popular in recent years. Nearly half to 2/3 of the businesses try to get business capital from non-bank sources and other places. The most important thing in this concern is to find the right option that will best suit your business needs. How Can Alternative Lending Help You? If you have financial challenges or there is a new opportunity for you to grow, alternative lending can be the best answer to the question. It gives you flexibility […]

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