That banks are turning women small business owners away is no secret. Women tend to be overlooked for loans in the prevailing banking climate for a number of reasons. Here we look at some of the main reasons behind the plight of women with regards to credit services. Perceived risk on the lender’s side Lenders are very wary of any deals that may lead to losses on their end. Banks in particular are traditionally less willing to administer loans to small-to-medium sized businesses. For women, this suspicion seems to multiply, perhaps because few women have followed new ventures such as […]

When it comes to access to credit services in the US like in any country, small businesses have far more serious roadblocks compared to their bigger colleagues. More specifically, here are some of the challenges that small business borrowers encounter more often. Limitations of geographic location Richer neighborhoods are more likely to be considered for credit as opposed to poorer ones. And it has become increasingly easier to separate the two social classes since the richer and the poorer groups have clustered farther away from each other over the last few decades. Inequality in terms of incomes has measurably gone […]

Several states have now legalized marijuana use and consumption. If your state has legalized medical marijuana or recreational marijuana, it is still quite difficult to get a business loan. Marijuana merchants are almost universally turned down by traditional financial institutions. Even with a fantastic business model and great business plan most lenders are still weary to provide minimal support to any marijuana business, since the federal government still outlaws the sell and distribution of marijuana. Yet having working capital is essential to every type of business, especially those in such a new industry. Marijuana business loans from alternative lenders are […]

A robust business plan is an important element for any type of business. When writing a business plan, you should know what questions it must address. Below you can find 6 questions you should answer: How Is Your Product Different? Your product must fulfill a want or need. Figure out the need your product or service will fulfill. See whether this need is being met. If yes, how is it being met and by whom? Why should customers prefer to buy your product and not your competitor’s? What Segment of the Market Values the Fact You’re Different? Determine the segment […]

Small business owners are increasingly looking for reliable sources of financing that meet their business needs and can help them extend their capital to business ventures with greater potential. If it’s difficult for you to find the right business funding for your startup, you should turn to true professionals in the field who understand the challenges associated with finding business financing. It’s critical for merchant seeking business capital to turn to a reputable business loan provider like firstamericanmerchant.com. First American Merchant can help you sustain and grow your business. With FAM, you can enjoy secure and reliable payment processing. First […]

Undoubtedly, getting approved for traditional business funding is not easy. More than half of business owners who apply for a traditional business loan get rejected. Fortunately, alternative lenders have become popular in the recent years and provide a great opportunity for you to get the necessary capital for your business. Alternative lenders offer quicker access to capital. You can get your loan through an online application and transfer process. Based on your credit score, you can be approved for business financing in minutes and get your money within a day or two. Consider applying to firstamericanmerchant.com for low-cost and reliable […]

Starting a business is an exciting endeavor. However, to be able to make your dreams come true, you need business capital. Not all business owners have enough resources to fund their startup on their own. If you lack resources, no matter you need a small or a large amount to get your business off the ground, you should look for funding from an outside source in order to move forward. Fortunately, there exist a number of business funding options nowadays. As compared to traditional banks, alternative online lenders have become extremely popular recently. Take the time to compare all the […]